U.S. energy firms added oil and natural gas rigs for the first time in 12 weeks, Baker Hughes reported on July 18, 2025. This uptick follows a prolonged period of decline in drilling activity across the United States.
The increase in the rig count, an early indicator of future output, suggests a potential stabilization or slight recovery in exploration and production efforts. This shift could influence demand for oilfield services and equipment provided by companies like Baker Hughes.
While the overall trend has been downward, this weekly increase provides a new data point for market observers. The industry continues to navigate volatile commodity prices and cautious capital spending.
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