Author of Scott Disavino
(Reuters) – US Energy Companies added oil and natural gas this week for the second week in a row, for the first time in July 2024, Baker Hughes Energy Services said in its carefully followed report on Friday.
The number of oil and gas, an early indicator of future production, increased by four to 586 a week until February 7th.
Despite the increase in this week, Baker Hughes said the total number still reduced 37 plants, or 6% below this time last year.
Baker Hughes said oil appliances rose one to 480 this week, while gas appliances rose by two to 100.
The growth of oil production from the American Permian P
Although the US is the world’s best oil producer with production of about 13.2 million barrels per day (BPD) in 2024, the overall growth of production in the US has slowed down in recent years, climbing only about 280,000 BPD last year.
The number of oil and gas number decreased by about 5% in 2024 and 20% in 2023, as the lower oil and gas prices in recent years have encouraged the energy companies to focus more on the payment of debt and increase the return of shareholders, increasing the efficiency of drilling To lift the exit.
So far, three of the 25 independent studies and production (E&P) companies accompanied by US Financial Services Company TD Cowen said they planned to reduce consumption in 2025 on average. By about 6% from the level of 2024.
This is compared to the approximately flat year of consumption of 2024, and increases from 27% in 2023, 40% in 2022 and 4% in 2021.
(Reporting Scotta Disavina; Mounting Marguerita Choy)
