Tuesday, January 7, 2025

Rig Count: Flat Overall Count Conceals Shift to Gas

Drilling activity was flat this week as rigs shuffled around the country, according to the latest edition of Baker Hughes’ rig count. The total number of rigs operating in the country was unchanged this week, meaning there are 1,075 rigs active in the U.S. Two land-based rigs came online in the week, while inland waters and offshore saw rig counts

Executives Don’t See Drilling Surge Any Time Soon: KC Fed

Oil and gas activity declining in Oklahoma, Colorado, Wyoming Executives do not anticipate a significant increase in drilling in the near future, according to the Federal Reserve Bank of Kansas City’s most recent Energy Survey. The Kansas City Fed’s energy survey is quite similar to that of the Dallas Fed, but covers a different area. This survey contains responses from