Us oil drilling rigs decline
US Drillers Cut Oil & Gas Rigs for First Time in 3 Weeks
The US energy sector has witnessed a significant shift in drilling operations, with the latest Baker Hughes report revealing the first decline in oil
US Oil Drillers Continue to Pull Back As Prices Bite
The total number of active drilling rigs for oil and gas in the United States fell yet again this week, according to new data that Baker Hughes published on Friday, following a 10
DRILL "NOT" BABY DRILL: US Oil and Gas Rig Count Falls for
In June, drillers cut 16 oil and gas rigs, putting the total count down for a fourth month in a row for the first time since June 2024. The oil and gas rig count declined by about
Permian rig count remains lowest since November 2021
The number of rigs seeking crude oil fell by four rigs to 461 rigs, also the lowest level since November 2021 and 35 rigs or 7% below 496 rigs
U.S. drilling rigs down for 12th time in 13 weeks, Baker
The number of total oil and gas drilling rigs in the US fell by 2 to 542, resuming their decline after last week''s gain followed 11 consecutive
US oil output set for first decline in 2026 since covid
US shale oil output is poised to decline in 2026 for the first time in five years on lower crude prices — notwithstanding the spike that followed this week''s Israeli attacks on Iran — and a
US drillers cut oil/gas rigs for 7th week to lowest since
U.S. energy firms this week cut the number of oil and natural gas rigs operating for a seventh week in a row to the lowest since November 2021,
U.S. drilling rigs decline for 10th straight week, Baker
The number of total oil and gas drilling rigs in the U.S. declined by 8 to 539, the lowest total since October 2021 and falling for the 10th week in a
US Oil Drilling Activity Continues to Slow
The number of oil rigs rose by 1, landing at 412. Year over year, this represents a 71-rig decline. The number of gas rigs fell by 3, to 119 for a gain of 24 active gas rigs from this
North American rig count unchanged as Canadian
US oil and gas drilling activity slipped by a single unit this week, leaving 554 rigs running. Canada gained a unit, ending the week with 139 total
US Oil Drilling Activity Decline Amid Price Volatility and Strategic
The US oil and gas rig count has fallen to its lowest level in nearly four years, signaling a profound strategic shift in the energy sector. As of June 2025, active oil rigs stood
US oil output set for first annual drop since pandemic
"With fewer active drilling rigs, we forecast US operators will drill and complete fewer wells through 2026," the EIA said in a monthly report published on Tuesday.
Oil Majors Borrow Billions for Buybacks as Production Wanes
US oil drilling activity has dropped to near post-pandemic lows due to low oil prices and cost inflation, with the rig count falling for over two years. Oil companies are prioritizing
Why U.S. Oil and Gas Production Is Slowing Down
Lower oil prices and a focus on shareholder returns are leading US oil companies to drill less, slowing production growth. Efficiency gains have
U.S. oil rig count jumps to most since June while gas
The number of active rigs drilling for oil and gas in the U.S. fell for a second consecutive week, shedding 2 to 590, Baker Hughes said Friday in its
U.S. drilling rigs down for 12th time in 13 weeks, Baker Hughes says
The number of total oil and gas drilling rigs in the US fell by 2 to 542, resuming their decline after last week''s gain followed 11 consecutive weekly declines, Baker Hughes reported.
US Oil Drillers Continue to Pull Back As Prices Bite
The total number of active drilling rigs for oil and gas in the United States fell yet again this week, according to new data that Baker Hughes
US Oil Production Is Slowing, The Ramifications Will
Summary & Key Takeaways: US oil production is finally showing signs of peaking. Since early 2023, almost all production growth has
US Oil Rig Count Hits 3-Year Low – Baker Hughes
As the U.S. energy sector grapples with shifting market dynamics, the latest Baker Hughes rig count highlights a continued decline in drilling
US drillers cut oil and gas rigs for 10th week in a row,
The oil and gas rig count declined by about 5% in 2024 and 20% in 2023 as lower U.S. oil and gas prices over the past couple of years prompted
U.S. oil and gas rig count reaches lowest level in over two years
The total count of oil and gas rigs dropped by eight to 605 in the week ending May 3, marking the most substantial weekly decline since September 2023.
US oil rig count falls by most in a week since June
The oil and gas rig count, an early indicator of future output, fell by seven to 583 in the week to April 11, the biggest weekly decline since June
Baker Hughes Reports That US Oil/Gas Rig Counts Have
Its rig count has risen by one, to 38. This is the highest since March 2024. Oil and gas rig counts are expected to decline by 5% and 20% respectively in 2024, as the lower U.S.
Baker Hughes Reports That US Drillers Have Cut Oil And
Baker Hughes, a leading energy services company, said that the U.S. oil and gas companies have cut back on the number of rigs for the 12th consecutive week. The number of
US rig count decline for 2025 ''has diminished'', top driller says
The pace of rig count decline in the US Lower 48 "has diminished", executives from US driller Nabors Industries said Wednesday during the company''s second quarter earnings call.
Baker Hughes Report Shows Decline in US Oil, Gas
A recent report released by Baker Hughes shows that energy companies in the U.S. continue to reduce the numbers of natural gas and oil
US rig count jumps as natural gas drilling surges, snapping 12
US rig count climbs, led by a surge in natural gas drilling, ending a 12-week decline and marking the largest weekly gain since December.
US Energy Exploration Dives to a Five-Week Low – DrillingIt
US energy exploration has dropped for a fifth consecutive week, according to a key forecast metric, with horizontal drillers accounting for the lion''s share of the decline. The
U.S. oil rig count jumps to most since June while gas rigs drop,
The number of active rigs drilling for oil and gas in the U.S. fell for a second consecutive week, shedding 2 to 590, Baker Hughes said Friday in its latest report. The
U.S. natural gas-directed rigs decreased for second consecutive
The number of rigs deployed to drill for natural gas in the United States decreased over the last two years. U.S. natural gas-directed rigs decreased 32% (50 rigs) between
Rig count slump stretches to 10 weeks
US oil and gas rig count drops to its lowest since 2021, with drilling activity down for the 10th straight week, signaling a deepening industry slump.
US rig count falls for seventh week as drilling hits lowest level
The number of rigs drilling for crude oil fell by three to 439 rigs, the lowest level since October 2021 and down 49 rigs or 10% from 488 the previous June. The number of rigs drilling for
U.S. Oil Drilling Rig Count Falls As Uncertainty Mounts
The number of active U.S. oil and gas drilling rigs fell for the second consecutive week, amidst a decline in US crude oil production and a
2025 U.S. Oil Outlook: Don''t Count On A ''Drill Baby
The November election brought optimism to many oil producers who felt hamstrung by the Biden Administration''s policies. Even Biden''s ban
Sliding US rig count outpaces efficiency gains,
The falling number of oil and gas rigs deployed across the United States is reaching a level that would indicate onshore crude output from the
US Oil and Gas Drilling Rig Count Drops to 538, 15th Decline in
The decline in drilling activity is likely due to low oil prices and reduced demand during the COVID-19 pandemic. The U.S. drilling rig count has experienced a significant
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