Gas
U.S. Oil Drillers Back Off Even As Prices Soar
CEII brief
OilPrice.com reported on 16 Oct 2026: U.S. Oil Drillers Back Off Even As Prices Soar.
Read the full story on OilPrice.comThe total number of active drilling rigs for oil and gas in the United States remained unchanged this week, according to new data that Baker Hughes published on Friday, with the total rig count in the US staying at 603, up 55 from this same time last year.
Context from CEII
Gas is the flexible backbone of many grids and the designated transition fuel in many national plans, from LNG trade to domestic LPG and CNG. Supply security and pricing drive both power reliability and emissions.
39.6% of electricity in United States came from gas in 2025Countries in this story
Original reporting © OilPrice.com. Headline and excerpt quoted with attribution; the full article is available on the publisher’s site. CEII’s context is the Centre’s own and does not represent the publisher.
