Rig Count

Baker Hughes Report Highlights Decline in US Oil and Gas Rigs

Baker Hughes Report Highlights Decline in US Oil and Gas Rigs

A recent Baker Hughes report indicates a continued reduction in U.S. oil and gas rigs, reflecting broader industry slowdowns and potential impacts on companies like GEMXX Corp.

July 10, 2025
U.S. Oil and Gas Rig Count Drops to Lowest Levels in 2024

U.S. Oil and Gas Rig Count Drops to Lowest Levels in 2024

Baker Hughes reports a significant reduction in active U.S. oil and gas rigs, signaling potential economic challenges in the energy sector. The decline suggests ongoing market uncertainties and potential shifts in energy production strategies.

May 13, 2025