The U.S. oil and gas industry saw a slight decline in drilling activity this week, with the total rig count dropping by one to 543, according to the latest data from Baker Hughes. This continues a trend of subdued rig additions amid fluctuating commodity prices and market uncertainties. Meanwhile, U.S. crude oil production also edged […]
Continue ReadingIn the ever-volatile world of energy markets, the U.S. oil and gas sector continues to defy simple narratives. As of late October 2025, the U.S. rig count has dipped to 550 active rigs, marking a decline of 35 rigs compared to the same period last year. This drop comes even as domestic crude production hovers […]
Continue ReadingThe U.S. Energy Information Administration (EIA) has updated its Short-Term Energy Outlook (STEO), forecasting that U.S. crude oil production will average 13.5 million barrels per day (b/d) in both 2025 and 2026. This projection comes on the heels of a record-breaking July 2025, when U.S. crude oil output hit an all-time high of 13.6 million […]
Continue ReadingDaily Standup Top Stories Natural Gas Has Achieved Dominance and Is No Longer a Bridge Fuel July 20, 2025 Clark Savage In the evolving global energy landscape, natural gas has undergone a profound transformation. Once positioned as a mere “bridge fuel” to facilitate the shift from coal to renewables, it is now recognized as a cornerstone […] […]
Continue ReadingThe U.S. drilling industry showed signs of revival this week, with the total rig count rising for the first time in 12 weeks. According to the latest data from Baker Hughes, the active rig count in the United States increased by 7 to 544 as of July 18, 2025. This uptick was driven primarily by […]
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