As of mid-October 2026, U.S. drilling activity continues to firm. Baker Hughes reported its closely watched weekly rotary rig count at 603 for the week ending October 9 (up 5 week-over-week and up 56 year-over-year from 547). WellDatabase’s U.S. Rig Report dated 10.14.2026 showed 608 total rigs (up 6 week-over-week and up 52 year-over-year). Enverus’ […]
Continue Reading
Houston, TX – April 21, 2026 – The latest U.S. rotary rig count data shows a modest pullback in drilling activity. According to Baker Hughes, the total U.S. rig count for the week ending April 17, 2026, stands at 543 rigs, down 2 rigs week-over-week from 545 the prior week. Oil-directed rigs slipped by 1 […]
Continue ReadingThe US oil and gas sector showed signs of resilience this week, with the total active rig count rebounding by 5 to reach 549 as of December 5, 2025, according to the latest data from Baker Hughes. This marks a reversal from the previous week\’s decline and signals renewed drilling activity amid stabilizing energy prices. […]
Continue ReadingDaily Standup Top Stories Where’s the Glut? Says ConocoPhillips CEO Ryan Lance October 15, 2025 Clark Savage In the ever-volatile world of oil markets, ConocoPhillips CEO Ryan Lance has recently challenged the prevailing narratives of an impending oil surplus. Speaking at a recent industry event, Lance questioned the notion of a glut, […] Occidental CEO Hollub Sees […]
Continue ReadingIn a market still reeling from geopolitical tensions and shifting global demand patterns, Occidental Petroleum CEO Vicki Hollub delivered a sobering yet strategic outlook at the Energy Intelligence Forum in London this week. Hollub projected that crude oil prices will remain confined to a narrow band of $58 to $62 per barrel through 2026, describing […]
Continue ReadingWeekly Daily Standup Top Stories Update on the Chevron Refinery in California – A national security disaster just got worse as a possible drone strike October 4, 2025 Clark Savage The Chevron El Segundo Refinery, located just outside Los Angeles, experienced a significant fire on October 2, 2025, drawing widespread attention due to its role in […]
Continue Reading
Daily Standup Top Stories Even the World’s Biggest Electric-Vehicle Market Is Slowing February 18, 2024 Stu Turley HONG KONG—Chinese electric-vehicle makers that enjoyed years of explosive growth now face a slowdown in domestic demand, spurring them to push overseas and challenge global auto giants already struggling with a transition to battery-powered cars. A subsidies-driven […] China’s stock market collapse […]
Continue Reading