October 27, 2025

Rig Count Gains Two Units

Author: Donald P. Muth, Sr.

Rig Count Now at 550

Friday's weekly (10.24.25) onshore U.S. ACTIVE RIG COUNT TOTAL posted a gain of two units. A +$4.00 per barrel increase in WTI crude oil prices across Thursday and Friday is good news for upstream energy. Natural gas (HH) closed at $3.30/Million Btu; still trying to break a $3.50 resistance price.
 
U.S. DOE announced a one-million-barrel refill oil purchase plan for the Strategic Petroleum Reserve, an unexpected commercial crude oil inventory drawdown (running 4% below five-year average for this time of year) and investors’ confidence in 2026 economic growth buoyed oil prices this week. The DJI average closed at $47,207.12, an all-time high with Friday's (10.24.25) one-day jump +$472.51.
 
SCOTUS tariff policy deliberation along with U.S. government shutdown remain. September CPI data was “cooler” than expected. SCOTUS may provide POTUS emergency power as Congress fails to serve its constitutional role.

Weather temperatures dipped during the weekend and natural gas (HH) prices are edging toward $3.50/Million Btu price on Monday (10.27.25). DJI Average looking to post another closing high, too!

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