Thursday, January 9, 2025

Fourth Week of Declining Rig Activity

One rig comes offline as operations shift By Richard Rostad, analyst, Oil & Gas 360 U.S. drilling activity declined yet again this week, the fourth decline in a row, according to Baker Hughes’ Weekly Rig Count. A net one rig shut down this week, a far smaller decline than the 11 that came offline last week. There are now a