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“Learn from yesterday, live for today, hope for tomorrow. The important thing is not to stop questioning.” -Albert Einstein From HistoryFacts.com |...
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U.S. energy firms added oil and natural gas rigs for a second week in a row this week, boosting the monthly count by the most since November 2022, energy services firm Baker Hughes said in its closely followed report on Friday.
The total oil and gas rig count rose by three to 589 in the week to July 26. Despite this week's rig increase, the total count was still down by 75, or 11% below this time last year.
Oil rigs rose five to 482 this week, while gas rigs fell by two to 101.
In the Permian in West Texas and eastern New Mexico, the nation's biggest oil-producing basin and home to more than half the country's rigs, drillers cut one rig, bringing the count down to 304, the lowest since February 2022.
In the Williston in North Dakota and Montana, drillers added one rig, bringing the count up to 36, the highest since June 2023.
In July, total oil and gas rigs rose by eight, their first monthly increase since February and the biggest monthly increase since November 2022.
Oil rigs rose by three in July, putting the count up for the first month since March, while gas rigs climbed by four in their biggest monthly increase since July 2023.
Presidio Petroleum is preparing to enter the public markets through a strategic merger with...
Trying to catch up in oil and gas production is difficult enough. It becomes...
Hart Energy, via Yahoo News | Occidental Petroleum [OXY • NYSE] is selling off...
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(Reuters) – U.S. gasoline demand in May fell to the lowest for that month...
Fossil fuel financing by Wall Street’s leading banks has declined sharply in 2025, highlighting...
by Bloomberg, via RigZone.com|Weilun Soon, Rakesh Sharma, Reporting| At least four tankers discharged millions...
Key Highlights Global oil inventories are expected to grow more than 2 million b/d...
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˃ Financing from the six largest Wall Street banks for oil, gas, and coal...
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