Tuesday, June 17, 2025

Rigs End 23-Week Climb: Streak Broken as Rig Count Drops by One

940 rigs active in U.S.; Texas is the only state to add a rig The longest streak of increasing drilling activity since at least 1986 has finally been broken, according Baker Hughes Weekly Rig Count. The total number of rigs active in the U.S. dropped by one this week, marking the end of a 23 week long streak of increasing

Finding Costs Drop to 10-Year Low - Oil & Gas 360

Carrizo Prices Offering of Stock, Debt

Stephens Inc. Serves as Senior Co-Manager Carrizo Oil & Gas (ticker: CRZO) has priced its public offering of common stock it issued in conjunction with its recent Delaware Basin acquisition. As part of its efforts to pay for the $648 million purchase of 16,488 net acres from ExL Petroleum Management, Carrizo is making several different offerings to raise funds. Immediately