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Oil rigs drove the decline with a loss of 9, while gas rigs rebounded with a gain of 5. Baker Hughes reclassified 8–10 rigs in Marcellus/Utica (gas vs. oil), with historical totals unchanged. June 9, 2025 U.S. Several major basins, including the Permian and Eagle Ford, recorded new lows. Here is a summary of the U.S.
Vaquero Midstream is ramping up its capabilities in the Southern Delaware Basin with two major infrastructure projects: a new 70-mile, 24-inch high-pressure pipeline loop and a 200 MMcf/d cryogenic processing plant near the Waha Hub.
oil and gas sector faced a notable setback this week as the national rig count dropped by seven, bringing the total to 583 active rigsthe lowest level since early 2022. According to the latest Baker Hughes report, oil rigs experienced the steepest single-week decline since June 2023, falling by nine to 480. oil-producing region.
Oil rigs led the decline, while natural gas rigs posted a slight gain. June 2, 2025 The U.S. rig count continued its downward trend last week, dropping by 3 rigs to 563 the lowest level since November 2021. Oklahoma and the Marcellus/Utica region saw notable shifts, with mixed results across other key producing states.
oil and gas rig count remained unchanged this week at 592 , according to the latest Baker Hughes report. While oil-directed rigs increased by 1 to 487 , gas rigs declined by 1 to 100 , reflecting a cautious drilling environment amid shifting market dynamics. March 17, 2025 The U.S. Meanwhile, the EIA projects record-high U.S.
oil and gas rig count dipped slightly this week, falling by one to a total of 592 active rigs, according to the latest data from Baker Hughes. Notably, the Permian BasinAmericas top oil-producing regionsaw a drop of three rigs, bringing its total to the lowest level since February 2022. March 31, 2025 The U.S.
oil and gas sector continues to navigate price volatility and capital discipline, the latest Baker Hughes rig count highlights a steady decline in drilling activity even as production forecasts remain bullish. 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.
oil and gas rig count posted a modest rebound, according to the latest Baker Hughes report. The total rig count rose by two, with both oil and gas rigs each ticking up by one. Rig Count Rises Utica Shale Leads Gains Baker Hughes appeared first on Oil Gas Leads. April 21, 2025 After four consecutive weeks of decline, the U.S.
April 7, 2025 As the oil and gas industry continues navigating price volatility and shifting capital strategies, the latest rig count data from Baker Hughes and Enverus reveals a mixed picture. Meanwhile, oil rig activity ticked upward, reflecting continued investment in high-return plays despite overall caution across the sector.
According to the latest Baker Hughes report, the total number of active oil and gas rigs rose by two to 587, although overall rig activity remains below last year’s levels. Rig Count Rises for Second Consecutive Week Baker Hughes appeared first on Oil Gas Leads. April 28, 2025 U.S.
oil and gas industry saw a slight dip in drilling activity last week, as Baker Hughes reported a one-rig decline , bringing the total national rig count to 592. While the decrease was minimal, it reflects broader industry trends influenced by oil and gas prices, production strategies, and market conditions. March 10, 2025 The U.S.
oil and natural gas rig count experienced its first increase in three weeks, according to the latest Baker Hughes report released on March 21, 2025. The slight recovery in drilling activity comes amid a challenging environment of fluctuating oil and gas prices, ongoing market uncertainties, and shifting priorities among energy companies.
per Boe, total production cost at $12.42 With 2025 production guidance raised and capital cut, the company is executing from a position of strengthone well and one rig at a time.
The facility will act as a hub for advanced engineering and train highly skilled technicians in-country, contributing to the development of local talent. NMDC Energy signed an MoU with Al Gharbia, the Abu Dhabi based advanced pipeline manufacturer, to explore ways to accelerate pipe production in the UAE to meet local and regional demand.
Questions about Ownership and More Who owns the CO 2 , what happens to the remaining oil when that CO 2 is injected into partially depleted oil formations, and how long will there be government money to pay for it? The mystery involves what exactly happens to that oil in the injection and storage process.
The Shell Standard Symbology 2016 is divided into a Green Oil style and a Red Oil style, both of which are available to download from the Esri Industry Styles content page. The two images below show a snippet of the green and red oil symbology available for use in ArcGIS Pro. and Harrower, M. 2013) ColorBrewer 2.0. Crameri, F.,
energy firms trimmed the number of active oil and gas rigs, signaling caution amid persistent price pressures and policy uncertainty. Key Takeaways: Oil rigs dropped by four to 479, while gas rigs edged up by two to 101. Rig Count Slides Again Amid Price Volatility Baker Hughes appeared first on Oil Gas Leads.
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