The total number of active drilling rigs for oil...
The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Friday. Oklahoma remains at 42 rigs drilling.
The total combined rig count in the US rose this week to 550, according to Baker Hughes, down 35 from this same time last year.
The total number of oil rigs rose by 2, reaching 420. Year over year, this represents a 60-rig decline. The number of natural gas rigs remained unchanged at 121, which is 20 above this time last year. The miscellaneous rig count remained unchanged at 9.
The latest EIA data showed that weekly U.S. crude oil production dipped for the first time in five weeks. In the week ending October 17, crude oil production slipped to 13.629 million bpd from 13.636 million bpd in the week prior, a record high.
Primary Vision’s Frac Spread Count, an estimate of the number of crews completing wells, staed at 175 for the second week in a row, a figure that is down 26 from the start of the year.
The number of active drilling rigs in the Permian Basin fell by 1 to 250 this week, 54 rigs below year-ago levels. The count in the Eagle Ford also fell by 1 this week, to 43, which is 6 fewer than at this time last year.
US East Coast on high alert as deadly Storm Melissa threatens several states with pounding waves
Meteorologists are warning the US East...
Meteorologists are warning the US East Coast to prepare for rough surf, beach erosion, and stormy conditions as Storm Melissa strengthens in the Atlantic.
The National Hurricane Center said Friday that Melissa was 'nearly stationary' southeast of Jamaica after barreling over Haiti, where it killed three people on Thursday.
While Melissa remains in the Caribbean, the agency has warned that its eventual northeast turn could bring storm-related effects such as rough surf, strong rip currents and other coastal hazards to the US East Coast. However, the exact timing and severity remain uncertain.
Trump Reopens Alaska’s Arctic Coastal Plain to Oil Drilling
The Trump administration is opening the entire coastal plain of Alaska’s...
The Trump administration is opening the entire coastal plain of Alaska’s Arctic National Wildlife Refuge to oil and gas leasing, reversing a Biden administration decision that had put the pristine wilderness area off-limits.
Interior Secretary Doug Burgum said Thursday the agency was opening the 1.56 million acre of tundra on the state’s North Slope and holding a lease sale this winter in the nearby National Petroleum Reserve. It’s the latest move President Donald Trump’s administration to boost domestic fossil fuel production.
Inflation rate increased less than expected last month.
The consumer price index, which measures changes in the cost of a basket...
The consumer price index, which measures changes in the cost of a basket of goods and services, rose 0.3% month-over-month in September and 3% year-over-year. Economists expected respective readings of 0.4% and 3.1%. The index is the only official economic data released during the government shutdown. US stock markets closed higher Friday (S&P 500 +0.8%, Dow +1.0%, Nasdaq +1.2%). Separately, the Social Security Administration announced a 2.8% cost-of-living adjustment for 2026.
US sends aircraft carrier to the Caribbean in latest escalation. In...
US sends aircraft carrier to the Caribbean in latest escalation. In the latest sign that the Trump administration is taking the phrase “war on drugs” literally, Defense Secretary Pete Hegseth ordered the USS Gerald R. Ford, which had been deployed in the Mediterranean, to the Caribbean, bringing with it dozens of fighter and surveillance aircraft, as well as other Navy warships to accompany it. The decision to send additional military firepower to the region comes after the administration recently conducted several fatal airstrikes on boats it accused of smuggling drugs, treating the people on them as combat enemies rather than criminals. It represents a major escalation of the US campaign against drug smuggling and Venezuela’s President Nicolás Maduro.
The Pentagon accepted a $130 million donation from an anonymous donor, whom President Trump described as a “friend,” to help pay troops during the government shutdown—an unusual move that raises ethics concerns.
Social Security recipients will get a 2.8% cost-of-living adjustment next year, which amounts to an average increase of ~$56 per month for retirees.
Target is eliminating 1,800 corporate positions. It’s the retail chain’s first major layoff announcement in a decade as it tries to regain ground it has lost to competitors like Walmart and Amazon.
New York Attorney General Letitia James pleaded not guilty to federal bank fraud charges. James was indicted after President Trump publicly called for her prosecution, and she called the case against her “revenge.”
The corporate donors that contributed to the ballroom that President Trump is erecting at the White House include Big Tech companies and contractors like Palantir, according to a list released Thursday.
The Trump administration imposed sanctions on Colombian President Gustavo Petro and his family, accusing him of involvement in the global drug trade.
