Remove Offshore Remove Sustainability Remove Technician
article thumbnail

US Oil Rig Count Hits 3-Year Low – Baker Hughes

Oil Gas Leads

This trend reflects a cautious industry response to sustained price volatility, investor pressure, and a strategic pivot toward natural gas. With the total active rig count falling to 539—down 8 from the previous week and 46 below year-ago levels—states like Oklahoma are beginning to mirror the broader contraction.

Oil 52
article thumbnail

Rig Activity Down, Production Up – May Rig Count Recap – Baker Hughes

Oil Gas Leads

Operators are leaning on efficiency gains and strategic capital deployment to sustain output with fewer rigs. May 19, 2025 As the U.S. Here’s a snapshot of the current landscape, key state-by-state trends, and what it means for 2025. Rig Count Drops Again But Production Still Forecast to Rise For the week ending May 16: U.S.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

ExxonMobil’s Permian Basin Strategy: How Technology is Driving Efficiency and Growth

Oil Gas Leads

Reducing Emissions and Enhancing Efficiency A major theme of the discussion was ExxonMobils commitment to sustainability and efficiency gains. With its newfound scale and technological advancements, the company is well-positioned to increase recovery rates, reduce operational costs, and drive long-term sustainable growth in the Permian.

Basin 52
article thumbnail

US Rig Count Steady at 592, Oil Up 1, Gas Down 1 – Baker Hughes

Oil Gas Leads

producers, balancing capital discipline and shareholder returns with the need to sustain future output. However, industry leaders at CERAWeek warn that infrastructure constraints could pose long-term challenges. crude production to hit record highs for the next two years before plateauing later in the decade.

Gas 52
article thumbnail

U.S. Rig Count Dips Slightly After Five-Week Streak – Baker Hughes

Oil Gas Leads

West Virginia remains a highlight , now operating 11 rigs , having sustained its rig addition from three weeks ago. Offshore drilling activity increased , with the rig count rising by one to 14. Oklahomas drilling activity was unchanged at 49 rigs , reflecting stable operations in the region.

article thumbnail

U.S. Fifth Circuit Clarifies “Substantial Nexus” Test for LHWCA

The Energy Law

On September 14, 2014, James Mays, a valve technician and an employee of Furmanite American (“Furmanite”) died while servicing valves on a platform that was part of Chevron’s gas gathering system and located in Louisiana’s territorial waters. In Pacific Operators Offshore, LLP v. Chevron Pipe Line Co. 207, 222 (2012). of the award.