Updated
Updated · OilPrice.com · Apr 10
US Oil and Gas Rig Count Falls as Drilling Activity Slows
Updated
Updated · OilPrice.com · Apr 10

US Oil and Gas Rig Count Falls as Drilling Activity Slows

19 articles · Updated · OilPrice.com · Apr 10
  • The number of active oil and gas drilling rigs in the US fell by three to 545 this week, according to Baker Hughes data.
  • Oil rigs remained steady at 411, while gas rigs dropped by three to 127, reflecting a decline in natural gas drilling activity.
  • US rig counts are now 38 lower than a year ago, signaling a slowdown in drilling that may impact oilfield services and steel demand.
Will AI's soaring energy needs reverse the current decline in natural gas drilling?
Is the falling rig count a sign of weakness or a strategic shift to efficiency?
Why are firms cutting oil investment when a massive supply shortfall is predicted?
Can U.S. shale producers remain profitable in a predicted 2026 oil oversupply?
How will a potential political shift in Venezuela impact U.S. oil strategies?
Can AI and new financing truly close the energy sector's $750 billion investment gap?