Drilling activity snapped a 12-week losing streak, powered higher by a surge in natural gas activity. Oilfield services firm Baker Hughes said Friday its weekly U.S. rig count climbed seven rigs, the ...

Similar to crude oil prices, which are a good $40 per barrel lower than 2022 peaks, U.S. natural gas prices averaged $2.42 per million British thermal units during the second quarter, some 60% ...

U.S. energy firms this week added oil and natural gas rigs for the first time in 12 weeks, energy services firm Baker Hughes ...

Total U.S. Rig Count Rises: The number of rigs engaged in the exploration and production of oil and natural gas in the United States was 588 in the week ended Aug 9, higher than theweek-ago count ...

U.S. Natural Gas Drilling Collapses At Fastest Fastest Pace Since 2016 By ZeroHedge - May 15, 2023, 10:00 AM CDT BakerHughes: the US natural gas sector is rapidly pulling drilling rigs from the field.

Aug nat-gas prices on Friday settled higher on forecasts for excessive heat next week in the US. Vaisala said forecasts ...

The US natural gas industry is pulling back on exploration at the fastest pace in seven years amid tumbling prices for the heating and power plant fuel.. Rigs searching for natural gas declined by ...

Natural-gas drilling has rarely been so profitable. Yet U.S. producers say they will retire debt, buy back shares and pay dividends rather than ramp-up output. ...

The downturn coincided with a dramatic drop in natural gas prices, which fell to a record low of $1.49 per million British Thermal Units in March 2024. Prices began rebounding in early 2025, with ...

Total active gas drilling rigs in the U.S. sank by 16 to stand at 141, the lowest total since April 2022 and the biggest weekly decline since February 2016, Baker Hughes reported Friday.

The U.S. is the world's top producer of natural gas, and became the No. 1 exporter of LNG in 2022 as Europe looked to America to wean itself off Russia's vast energy supplies following the ...

Maria Burns watched with satisfaction as a three-story-high drilling ... Natural gas is almost entirely composed of methane, a greenhouse gas that's far more potent than carbon dioxide. Millions of ...