ccording to the latest Baker Hughes report, the total number of active oil and gas rigs rose by two to 587, although overall rig activity remains below last year’s levels.
U.S. Rig Count Rises for Second Consecutive Week – Baker Hughes
Revenue Down, Margins Up: How Transformation Is Reshaping Baker Hughes in 2025
Baker Hughes’ first quarter of 2025 tells a story of resilience, adaptation, and strategic recalibration. While the company reported flat year-over-year revenue and a noticeable decline from the prior quarter, its transformation efforts are beginning to pay off—particularly in how the company manages cost, structure, and future-facing opportunities.
U.S. Rig Count Rises — Utica Shale Leads Gains – Baker Hughes
This week’s rig count reflects a market in transition—steady oil drilling in some regions, sharp pullbacks in gas, and an overall trend of strategic restraint by operators. With the Permian Basin hitting a two-year low in rig activity and gas drilling at its weakest point since late 2024
Largest Weekly Oil Rig Drop Since 2023 – Baker Hughes
This week’s rig count reflects a market in transition—steady oil drilling in some regions, sharp pullbacks in gas, and an overall trend of strategic restraint by operators. With the Permian Basin hitting a two-year low in rig activity and gas drilling at its weakest point since late 2024
Permian Activity Drops to 2-Year Low – Baker Hughes
This week’s rig count reflects a market in transition—steady oil drilling in some regions, sharp pullbacks in gas, and an overall trend of strategic restraint by operators. With the Permian Basin hitting a two-year low in rig activity and gas drilling at its weakest point since late 2024
U.S. Rig Count Rises – Baker Hughes
The U.S. oil and gas rig count dipped slightly this week, falling by one to a total of 592 active rigs, according to the latest data from Baker Hughes. This marks the first weekly decline in three weeks and puts the total rig count 29 rigs below the same period last year. Notably, the Permian Basin—America’s top oil-producing region—saw a drop of three rigs, bringing its total to the lowest level since February 2022.
U.S. Rig Count Rises – Baker Hughes
The U.S. oil and natural gas rig count experienced its first increase in three weeks, according to the latest Baker Hughes report released on March 21, 2025.
US Rig Count Steady at 592, Oil Up 1, Gas Down 1 – Baker Hughes
The U.S. oil and gas industry saw a slight dip in drilling activity last week, as Baker Hughes reported a one-rig decline, bringing the total national rig count to 592. This marks the first reduction after five consecutive weeks of additions, signaling a potential stabilization in drilling activity.
U.S. Rig Count Dips Slightly After Five-Week Streak – Baker Hughes
The U.S. oil and gas industry saw a slight dip in drilling activity last week, as Baker Hughes reported a one-rig decline, bringing the total national rig count to 592. This marks the first reduction after five consecutive weeks of additions, signaling a potential stabilization in drilling activity.
US Rig Count Sees Fifth Consecutive Weekly Gain, But Year-Over-Year Decline Persists – Baker Hughes
The latest Baker Hughes rig count shows a significant boost in U.S. drilling activity, with Oklahoma adding five rigs, marking its highest count since May 2023. This increase contributed to a four-week uptrend, pushing the total U.S. rig count to 592, the highest since June 2024.
