The Beginning of Drill Baby Drill? US Oil Drillers See Uptick In Activity
Friday, 31 January 2025 () The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Friday, after a 4-rig drop in each of the two weeks prior. The total rig count rose by six rigs, to 582, according to Baker Hughes, down 37 from this same time last year. The number of oil rigs rose by 7—down by 20 compared to this time last year. The number of gas rigs fell by 1, reaching 98, a loss of 19 active gas rigs from this time last year. Miscellaneous rigs stayed the same at 5. The latest…
We have ventured into a new area to drill, where we may come across gas pockets that can inflate the oil prices and oil pressure as we find more oil, and buy up the town from our competitors.
During his inauguration, Donald Trump announced plans to restore the name of North America’s tallest peak from Denali to Mount McKinley. This move would reverse Barack Obama’s 2015 decision to..