Tuesday, July 22, 2025
U.S. rig count had an increase of 1 this week, at 585- oil and gas 360

U.S. rig count increased by 3 this week, at 491

Oil and Gas 360 This week’s Baker Hughes rig count shows that U.S. had an increase of 3 over last week, resulting in a total count of 491 rigs. Canada had an increase of 3 over last week, resulting in a total Canadian count of 156 rigs. Breakdown by region Of the regions tracked by Baker Hughes, the Ardmore Woodford,

Texas oil regulator proposes tax credits for natural gas infrastructure- oil and gas 360

Texas oil regulator proposes tax credits for natural gas infrastructure

World Oil (Bloomberg) –The natural gas industry should receive tax incentives similar to those provided for renewable energy projects, according to one of Texas’s top oil and gas regulators. Texas Railroad Commissioner Jim Wright, who sits on the powerful agency that oversees drilling in the biggest oil-producing states, advocated tax credits for gas pipelines, storage projects and power plants. Such