The Latest

Baker Hughes: US Drillers Add Oil, Gas Rigs for Third Week in a Row

U.S. energy firms added oil and natural gas rigs for a third week in a row for the first time since December 2023.

US Drillers Add Oil, Gas Rigs for Second Week in a Row, Baker Hughes Says

Despite this week's rig increase, Baker Hughes said the total count 6% below this time last year.

US Drillers Add Oil, Gas Rigs for First Time in Eight Weeks

For January, total oil and gas rigs fell by seven, the most in a month since June, with both oil and gas rigs down by four in January.

US Oil, Gas Rig Count Falls to Lowest Since Dec 2021

The oil and gas rig count fell by four to 576 in the week to Jan. 24. Baker Hughes said this week's decline puts the total rig count down 45, or 7% below this time last year.

Huddleston: Haynesville E&P Aethon Ready for LNG, AI and Even an IPO

Gordon Huddleston, president and partner of Aethon Energy, talks about well costs in the western Haynesville, prepping for LNG and AI power demand and the company’s readiness for an IPO— if the conditions are right.

E&P Highlights: Jan. 21, 2025

Here’s a roundup of the latest E&P headlines, with Flowserve getting a contract from ADNOC and a couple of offshore oil and gas discoveries.

SLB’s Big Boost from Digital Offsets Flat Trends in Oil, E&P

SLB’s digital revenue grew 20% in 2024 as customers continue to adopt the company's digital products, artificial intelligence and cloud computing.

US Drillers Cut Oil, Gas Rigs to Lowest Since December 2021, Baker Hughes Says

The oil and gas rig count fell by four to 580 in the week to Jan. 17. 

US Drillers Cut Oil, Gas Rigs for First Time in Six Weeks

The oil and gas rig count fell by five to 584 in the week to Jan. 10, the lowest since November. 

US Oil, Gas Rigs Unchanged for Fourth Straight Week

The oil and gas rig count stayed at 589 in the week to Jan. 3. Baker Hughes said that puts the total rig count down 32 rigs, or 5% below this time last year.