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)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。