US drillers add oil, gas rigs for second week in a row, Baker Hughes says
I'm PortAI, I can summarize articles.
U.S. energy firms added oil and gas rigs for the second consecutive week, with the total count rising to 546, according to Baker Hughes. Despite the increase, the count remains down 43 rigs, or 7.3%, from last year. Oil rigs rose by three to 412, while gas rigs fell by two to 125. The rig count has declined by about 5% in 2024 and 20% in 2023 due to lower prices, but crude output is projected to rise to 13.6 million bpd in 2025, with gas production also expected to reach record highs.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Reuters The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments