U.S. rig counts have declined by 18% over the past year, limiting drilling activity and dampening ... total number of available rigs at a given time rather than the price of oil or gas.

Despite a decline in active drilling rigs over the past two years, “increased rates of production from new completions are offsetting existing wells’ production declines and leading to higher ...

The count is down 32 units from the 621 rigs working this time a year ago ... for oil and the number of rigs drilling for gas changed only slightly week over week, gas adding one rig and oil ...

The oil and gas rig count ... producers to boost drilling activity this year after a 14% price drop in 2024 caused several energy firms to cut output for the first time since the COVID-19 pandemic ...

U.S. energy firms this week cut the number of oil and natural gas rigs operating for a third week in a row to the lowest ...

Bermuda-based drilling contractor Borr Drilling has receiced a notice of temporary suspension of operation from Mexican state-owned oil company Pemex for three of its jack-up rigs working in the ...