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• U.S. Rig Count Falls Despite Record Production
  The total number of active drilling rigs for oil and gas in the United...
  The total number of active drilling rigs for oil and gas in the United States fell this week, according to new data that Baker Hughes published on Friday. Oklahoma was steady with no change, and the count remained at 42.
  
  The total rig count in the US fell by 4 to 546 this week, according to Baker Hughes, down 39 from this same time last year. 
  
  The number of active oil rigs dropped by 6, according to the data, sinking to 414. Year over year, this represents a 65-rig decline. The number of gas rigs rose by 4 to 125, which is 23 more than this time last year. The miscellaneous rig count fell by 2 to 7.
  
  The latest EIA data showed that weekly U.S. crude oil production rose in the week ending October 24, with crude oil production reaching 13.644 million bpd—another new high—up from 13.629 million bpd in the week prior.  
  
  Primary Vision’s Frac Spread Count, an estimate of the number of crews completing wells, rose by 3 to 178 in the week ending October 24. Frac crews are down by 23 from the start of the year.
  
  The number of active drilling rigs in the Permian Basin rose by 1 to 251 this week, which is 52 rigs under year-ago levels. The count in the Eagle Ford remained unchanged this week at 43, which is 5 fewer than at the same time last year.  
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• API CEO: Improved gas access key to lower energy prices
  With electricity demand projected to rise by 40% by 2040, "the real...
  With electricity demand projected to rise by 40% by 2040, "the real baseload energy is going to continue to come from sources like natural gas," said American Petroleum Institute President and CEO Mike Sommers in an interview with Fox Business. He noted that "bad governance" and inadequate pipeline infrastructure are restricting access to abundant gas resources in states such as New Jersey and New York, driving up energy prices for consumers. Sommers stressed the need for congressional action to build a durable permitting process that enables critical energy projects to move forward.
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• LA Dodgers push World Series into Game 7
  After losing to the Toronto Blue Jays 6-1 Wednesday, the LA Dodgers won...
  After losing to the Toronto Blue Jays 6-1 Wednesday, the LA Dodgers won 3-1 last night, tying the best-of-seven World Series 3-3. The champion will be determined in Game 7 tonight at 8 pm ET. Toronto, which hasn't won the World Series since 1993, will host at Rogers Centre. LA won the 2024 World Series 4-1 against the New York Yankees.
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• ☕️What Else is Brewing Saturday Morning
  Disney pulls its content from YouTube TV. You might...
  Disney pulls its content from YouTube TV. You might have to go to your grandma’s who still has cable to tune into ESPN, ABC, Nat Geo, or other Disney-owned channels after the House of Mouse pulled its content from the Google-owned paid TV service amid a dispute over carriage fees. YouTube said that Disney was asking for fees that would’ve forced it to jack up the TV subscription price and called their decision to yank its channels a negotiating tactic. If the standoff continues for a prolonged period, YouTube said it would compensate subscribers $20 a month for their lost ability to experience second-hand embarrassment every time the New York Jets play.
  
  JPMorgan Chase filed a suspicious activity report on Jeffrey Epstein to federal law enforcement in April 2002, earlier than was previously known, according to newly released court documents.
  
  Amazon CEO Andy Jassy clarified that the layoffs the company announced this week were “not really financially driven” and “not even really AI-driven,” but were about “culture.”
  
  The Los Angeles Dodgers beat the Toronto Blue Jays last night, forcing the World Series to a deciding Game 7 tonight.
  
  Fall back: Daylight saving time ends this weekend.
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• 🎃 DAILY OIL PRICE: October 31, 2025
  Crude Oil: 60.98   (+0.41)....
  
  
  • Crude Oil: 60.98   (+0.41).
  
  
  • Nymex MTD AVG: 59.9755.
  
  
  • Natural Gas: 4.124   (+0.168).
  
  
  • Gasoline: 1.9931   (-0.0103).
  
  
  • Spreads: December/January (+0.38)     January/February (+0.34).
  
  
  • Plains WTI Posting: 57.46   (+0.41).
  
  

  
  Source: Odessa American
  
  
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