Sunday, September 14, 2025

Rig Count Up Slightly

Permian adds four rigs Drilling activity increased slightly in the U.S. this week, as activity continues to shift mildly, according to the latest edition of Baker Hughes’ Weekly Rig Count. A net two rigs began drilling in the country, meaning there are 1,048 rigs currently active. Total rig counts have hovered around 1,050 rigs since early May, an activity level

BP Buys BHP’s U.S. Shale Position in $10.5 Billion Deal

Largest upstream M&A since March 2017 BHP (ticker: BHP) has finally found a buyer for its U.S. shale assets, as the company today announced BP (ticker: BP) will purchase most onshore U.S. properties. BP will pay $10.5 billion for BHP’s properties in the Eagle Ford, Permian and Haynesville. This sale will be the largest oil and gas M&A deal since