U.S. Oil Rig Count Falls By 2 to 486; Gas Rigs Up 3 -- Market Talk

Dow Jones

2025/03/01

1328 ET - The number of rigs drilling for oil in the U.S. fell by two this week to 486, a first decline in five weeks, and was down by 20 from a year ago, oil services company Baker Hughes reports. Rigs drilling for natural gas increased by three to 102, or 17 fewer than a year ago. Top U.S. natural gas producer Expand Energy said this week it expects to run about 12 rigs in 2025 with average production estimated at 7.1 billion cubic feet equivalent a day. The company plans to add capacity in the second half, running around 15 rigs, and end the year at 7.2 Bcfe/d, raising that to an average of 7.5 Bcfe/d in 2026 "should market conditions warrant." (anthony.harrup@wsj.com)

(END) Dow Jones Newswires

February 28, 2025 13:28 ET (18:28 GMT)

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The company plans to add capacity in the second half, running around 15 rigs, and end the year at 7.2 Bcfe/d, raising that to an average of 7.5 Bcfe/d in 2026 \"should market conditions warrant.\" (anthony.harrup@wsj.com) \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 28, 2025 13:28 ET (18:28 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>U.S. Oil Rig Count Falls By 2 to 486; Gas Rigs Up 3 -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nU.S. Oil Rig Count Falls By 2 to 486; Gas Rigs Up 3 -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-03-01 02:28</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1328 ET - The number of rigs drilling for oil in the U.S. fell by two this week to 486, a first decline in five weeks, and was down by 20 from a year ago, oil services company Baker Hughes reports. Rigs drilling for natural gas increased by three to 102, or 17 fewer than a year ago. Top U.S. natural gas producer Expand Energy said this week it expects to run about 12 rigs in 2025 with average production estimated at 7.1 billion cubic feet equivalent a day. The company plans to add capacity in the second half, running around 15 rigs, and end the year at 7.2 Bcfe/d, raising that to an average of 7.5 Bcfe/d in 2026 \"should market conditions warrant.\" (anthony.harrup@wsj.com) \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 28, 2025 13:28 ET (18:28 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0742534661.SGD","symbol_name":"Fidelity America A-SGD (hedged)","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2516237024","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2516237024","pubTimestamp":1740767280,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1328 ET - The number of rigs drilling for oil in the U.S. fell by two this week to 486, a first decline in five weeks, and was down by 20 from a year ago, oil services company Baker Hughes reports. Rigs drilling for natural gas increased by three to 102, or 17 fewer than a year ago. Top U.S. natural gas producer Expand Energy said this week it expects to run about 12 rigs in 2025 with average production estimated at 7.1 billion cubic feet equivalent a day. The company plans to add capacity in the second half, running around 15 rigs, and end the year at 7.2 Bcfe/d, raising that to an average of 7.5 Bcfe/d in 2026 \"should market conditions warrant.\" ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0742534661.SGD":"Fidelity America A-SGD (hedged)","LU0154245756.USD":"BNP PARIBAS US MID CAP \"C\" (USD) ACC","IE00B19Z3B42.SGD":"Legg Mason ClearBridge - Value A Acc SGD","LU0154245673.USD":"BNP PARIBAS US MID CAP \"C\" (USD) INC","LU1261432733.SGD":"Fidelity World A-ACC-SGD","LU1974910355.USD":"Allianz Thematica Cl AMg DIS USD","IE0002270589.USD":"LEGG MASON CLEARBRIDGE VALUE \"A\" (USD) INC","IE00B7SZLL34.SGD":"Legg Mason ClearBridge - Value A Acc SGD-H","BK4179":"石油天然气设备与服务","LU0048573561.USD":"FIDELITY AMERICA \"A\" (USD) INC","LU0251131958.USD":"FIDELITY AMERICA \"A\" (USD) ACC","LU0251142724.SGD":"Fidelity America A-SGD","BK4585":"ETF&股票定投概念","LU1153585028.USD":"BGF GLOBAL LONG-HORIZON EQUITY  \"A4\" (USD) INC","LU0211331839.USD":"FRANKLIN MUTUAL GLB DISCOVERY \"A\" (USD) ACC","LU0256331488.USD":"SCHRODER ISF GLOBAL ENERGY \"A\" ACC","LU2023250504.SGD":"Allianz Thematica Cl AMg DIS H2-SGD","LU1084165304.USD":"FIDELITY WORLD \"A\" (USD) ACC","LU1917777945.USD":"安联专题基金Cl AT Acc","BK4566":"资本集团","BKR":"Baker Hughes Co","LU1119994496.HKD":"FIDELITY WORLD \"A\" (HKD) ACC","BK4213":"石油与天然气的勘探与生产","IE00B19Z3581.USD":"Legg Mason ClearBridge - Value A Acc USD","LU2023250843.SGD":"Allianz Thematica Cl AT Acc H2-SGD","LU2106854487.HKD":"ALLIANZ THEMATICA \"AMG\" (HKD) INC","LU2463526074.USD":"NORDEA 1 - GLOBAL CLIMATE ENGAGEMENT \"BP\" (USD) ACC","BK4588":"碎股","EXE":"EXPAND ENERGY CORPORATION","LU0011850046.USD":"贝莱德全球长线股票 A2 USD"},"translate_title":"美国石油钻井平台数量减少2座至486座；天然气钻机增加3——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"EXE":0.9,"BKR":0.9},"content_text":"1328 ET - The number of rigs drilling for oil in the U.S. fell by two this week to 486, a first decline in five weeks, and was down by 20 from a year ago, oil services company Baker Hughes reports. Rigs drilling for natural gas increased by three to 102, or 17 fewer than a year ago. Top U.S. natural gas producer Expand Energy said this week it expects to run about 12 rigs in 2025 with average production estimated at 7.1 billion cubic feet equivalent a day. The company plans to add capacity in the second half, running around 15 rigs, and end the year at 7.2 Bcfe/d, raising that to an average of 7.5 Bcfe/d in 2026 \"should market conditions warrant.\" (anthony.harrup@wsj.com) \n\n\n  (END) Dow Jones Newswires\n\n\n  February 28, 2025 13:28 ET (18:28 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}