The Haynesville-Bossier Shale play, long anchored in Northwest Louisiana, is redrawing its boundaries westward into East Texas. Operators are chasing fresh drilling inventory in the Shelby Trough and surrounding counties as core areas mature and Gulf Coast LNG demand surges. Leading the charge are Caturus Energy, Adamas Energy (formerly Aethon Energy), and other well-capitalized players […]
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The Iran war that erupted on February 28 has sent oil prices surging past $100 per barrel amid disruptions in the Strait of Hormuz and Persian Gulf supply chains. While the broader energy sector has benefited from the geopolitical shock, not all Big Oil majors have performed equally. BP has emerged as the standout performer […]
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As of March 15, 2026, global oil markets are buzzing with Brent crude prices climbing to $103.82 per barrel, marking a significant milestone above the $100 threshold amid ongoing geopolitical tensions and supply disruptions in key regions like the Strait of Hormuz. Meanwhile, West Texas Intermediate (WTI) crude is hovering just below at $99.30, reflecting […]
Continue ReadingThe U.S. rotary rig count remained unchanged at 551 for the week ending February 20, 2026, according to the latest data from Baker Hughes. This marks no shift from the previous week but reflects a decline of 41 rigs compared to the same period last year, when the count stood at 592. This stability comes […]
Continue ReadingBy Stuart Turley, Energy News Beat January 31, 2026 The latest Baker Hughes rig count report, released on January 30, 2026, shows a modest uptick in U.S. drilling activity with the total rig count climbing by 2 to 546. This marks a slight rebound from the previous week\’s 544 rigs. However, the figure remains significantly […]
Continue ReadingThe U.S. oil and gas industry saw a slight decline in drilling activity this week, with the total rig count dropping by one to 543, according to the latest data from Baker Hughes. This continues a trend of subdued rig additions amid fluctuating commodity prices and market uncertainties. Meanwhile, U.S. crude oil production also edged […]
Continue ReadingAs we kick off 2026, the U.S. oil and gas industry is signaling caution, with the latest rig count data showing a slight decline to start the year. According to the weekly report from Baker Hughes released on January 9, 2026, the total number of active drilling rigs in the United States fell by 2 […]
Continue ReadingThe US oil and gas sector showed signs of resilience this week, with the total active rig count rebounding by 5 to reach 549 as of December 5, 2025, according to the latest data from Baker Hughes. This marks a reversal from the previous week\’s decline and signals renewed drilling activity amid stabilizing energy prices. […]
Continue ReadingThe latest weekly rig count report from Baker Hughes, released on November 14, 2025, shows a modest increase in U.S. drilling activity. The total number of active rigs in the United States rose by one to 549, marking a slight uptick amid ongoing fluctuations in the energy sector. This comes as the industry navigates volatile […]
Continue ReadingIn the ever-volatile world of energy markets, the U.S. oil and gas sector continues to defy simple narratives. As of late October 2025, the U.S. rig count has dipped to 550 active rigs, marking a decline of 35 rigs compared to the same period last year. This drop comes even as domestic crude production hovers […]
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