The number of oil rigs dipped by 2—down by 19 compared to this time last year. The number of gas rigs saw the same dropoff, losing 2 rigs to land at 98, a loss of 22 active gas rigs from this ...

U.S. energy firms this week added oil and natural gas rigs for a second week in a row for the first time since July 2024, ...

According to data from Baker Hughes BHI, the number of rigs drilling for oil and gas has fallen by about 20% in the past year. This decline reversed a steady increase that began after the rig ...

Opinions expressed by Forbes Contributors are their own. Robert Rapier is a chemical engineer covering the energy sector. One of the most popular articles I have ever written is Average Gasoline ...

Oil rigs, also known as drilling rigs, are structures designed for drilling wells into the earth to extract oil and natural gas. They can be located on land or in the ocean and are equipped with ...

on a contractual basis to explore and develop oil and gas. These operators offer drilling rigs (both land-based/onshore and offshore), equipment, services and manpower to exploration and ...

The number of rigs drilling on land in the US was up 7 rigs to 567. Three of the major oil and gas producing states saw an increase in rigs. With a 4-rig increase, New Mexico ended the week with ...

The overall drilling rig count in North America is up 9 units during the week ended Jan. 17, with Canada’s double-digit oil-directed rig count increase leading the way. The overall drilling rig ...

(Reuters) - U.S. energy firms this week cut the number of oil and natural gas rigs operating for a second week in a row to the lowest since December 2021, energy services firm Baker Hughes said in ...

(Reuters) - U.S. energy firms this week added oil and natural gas rigs for a second week in a row for the first time since July 2024, energy services firm Baker Hughes said in its closely followed ...