Rig demand is forecast to average 4,704 between 2025 and 2029, an increase of 18% on the previous five-year period. Global ...

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.

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 ...

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 ...

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 ...