Oil and gas extraction ranks high in US industry pay
Oil and gas extraction employed nearly 114,000 in May 2025 and ranked among the highest-paying U.S. industries.
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Oil and gas extraction employed nearly 114,000 in May 2025 and ranked among the highest-paying U.S. industries.
US oil and gas drilling made a big leap in the past week as the latest Baker Hughes Rig Count showed a gain of 10 rigs to reach a total of 573
Scientists say vast recoverable oil and natural gas reserves remain in a long-producing Texas rock formation.
The total number of active drilling rigs for oil and gas in the US rose to 573 this week, up 26 from a year ago, according to Baker Hughes.
Interior proposes federal oil & gas rule changes, cutting costs, easing leasing, and lowering bonding requirements.
Permian Basin natural gas production rose 60% from 2021–2025, while oil output increased 39%, expanding its role in U.S. energy supply.
Shell CEO Wael Sawan says oil and gas prices may stay elevated for 5–10 years due to strong demand and scarce low-cost reserves.
Despite the Iran war ceasefire, oil and gasoline prices may stay high for months as energy supplies and shipping recover slowly.
Independent drillers have begun adding rigs in the Permian Basin, albeit slowly, according to the data analysis firm Enverus.
Alliance Resource Partners rises 1.5% premarket after agreeing to buy AllDale III & IV GP/LP interests for $206.2M.
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