Fewer rigs drilling

Fewer Rigs Drilling

Of the rigs running this week, 425 were exploring for natural gas, 328 for oil and 13 were listed as miscellaneous. The rig count represents the number of rigs actively exploring for

Louisiana energy drilling continues to be sluggish

Louisiana''s drilling activity saw even steeper losses. The report shows just 32 rigs operating in the state — 17 fewer than in February 2024, marking a 34.7% decline. The drop

U.S. crude oil and natural gas production in 2019 hit

The increased productivity of wells with longer horizontal lengths has more than offset the effects of rigs drilling fewer wells. Horizontal wells

Chevron layoffs come as energy giant unlocks more

"Through optimized pad and drilling designs and completion improvements like triple frac, we''re able to achieve these production levels

Fewer oil-directed rigs account for much of overall

The overall drilling rig count in North America is down 7 units to 717 the week ended Aug. 1, with drops in oil-directed rigs accounting for much of

2025 Trends: How Oil and Gas Operators Are

With fewer rigs, faster drilling, and less downtime, operators are managing to reduce their break-even costs. At the same time, they''re focusing

North American rig count unchanged as Canadian gain offsets

The rig count in North America ended the week unchanged at 693 rigs working, according to Baker Hughes data. The count is 61 units fewer than were drilling in North

Permian, Texas counts fall to two-and-a-half-year lows

The number of rigs drilling for crude oil was unchanged at 482, 43 fewer rigs than the 525 drilling for crude a year ago. The number of rigs drilling for natural gas fell three rigs to

Research shows improved efficiency enabled record

Just because there are fewer oil rigs actively drilling for new crude oil in the U.S. doesn''t mean there is less oil production. It''s been confirmed by

Improved efficiency is enabling record U.S. crude oil production

Rigs drill oil wells, and an increased number of active drilling rigs indicates that U.S. producers are drilling more wells, which generally results in growing oil production.

How The U.S. Is Pumping More Oil With Fewer Rigs

Production increases were driven by efficiency, particularly in Texas and new drilling methods, offsetting a decrease in active drilling rigs. Oil and

EIA: Improved production in Permian Basin despite fewer drilling rigs

U.S. Energy Information Administration recently said crude oil production continues to increase in the lower 48 states despite fewer active drilling rigs because of gains in

How The U.S. Is Pumping More Oil With Fewer Rigs

The oil and gas firms operating from the Permian to Marcellus shale plays are drilling increasingly deeper lateral wells as drilling rigs are fewer, but

Oil Prices Slide Further on Plans to Increase Supply – DNyuz

There are about 9 percent fewer rigs drilling wells in the Permian Basin, the top U.S. oil field, than there were this time last year, when oil was trading near $80 a barrel,

Push/pull dynamic with rig efficiency and pricing likely

Wood Mackenzie estimates that, for every 5% improvement in drilling efficiency from 2020 levels, approximately 28 fewer rigs are needed in

How The U.S. Is Pumping More Oil With Fewer Rigs

Despite the loss of active drilling rigs, shale firms are producing more oil and gas and have even exceeded some skeptical projections from earlier this year.

Baker Hughes: Drilling decline continues across Texas, Permian

The number of rigs drilling for crude sank by six rigs to 546, the lowest level since April 2022 and 48 fewer than the 594 seen last year.

Chevron layoffs come as energy giant unlocks more crude with far fewer

"Through optimized pad and drilling designs and completion improvements like triple frac, we''re able to achieve these production levels with 40% fewer company-operated

Fewer Rigs, Bigger Payoff: US Oil Production

Despite a decline in the number of rigs in the U.S., technological advances and improved efficiencies have kept production going, allowing

U.S. Achieves Oil Production Records with Fewer Drilling Rigs

The United States is witnessing a remarkable phase in its oil production history, achieving record highs in oil output while operating with significantly fewer drilling rigs. This

Drilling More With Fewer Rigs?

Technological advancements in drilling have led to the increase in lateral lengths being drilled, enabling US oil companies to drill more with fewer rigs.

Fewer Rigs, Bigger Payoff: US Oil Production

The U.S. rig count has seen a significant decrease, dropping from approximately 780 rigs at the start of 2023 to around 620 rigs currently. Yet,

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

Drilling plummets under Trump despite ''Drill, Baby, Drill'' promise

"A single rig can drill multiple horizontal wells from the same surface location, requiring fewer rigs to produce the same amount (and even more) of oil and gas compared with vertical drilling.

North American rig count falls as oil drilling slows in the US and

North American drilling activity declined for the week, with 692 rotary rigs working in the US and Canada. Fewer oil-directed rigs drove the decline.

Rig Count Decline: The Paradox of Oil Production and the New

The U.S. oil and gas rig count has hit its lowest level since October 2021, with just 547 active rigs as of late June 2025. This decline, driven by falling prices and a strategic pivot

Permian Basin adds one rig, following national trend

Texas joined the national trend, surging five rigs to 286 for the week. That''s 22 fewer rigs than the 308 active statewide last year. New

Today in Energy

Oil and natural gas companies are increasingly leveraging technological advances, including artificial intelligence, electronic hydraulic fracturing technologies, and

Mining Drilling Rigs Inc.