Friday's (9.5.25) active U.S. Onshore Rig count posted a second-week loss in gas basin drilling to 118. An oncoming gas boom is still projected even with gas drilling falling below 120 units from its two-year peak of 124 on August 1st. Last time gas activity was over 124 units was August 4, 2023. Oil development added two rigs.
 
WTI crude oil prices dropped after Friday's dismal August 2025 monthly employment number of 22,000 new jobs. Crude traders show declining confidence in U.S. economic activity and expect lower future oil demand. The U.S. Fed needs to lower borrowing/interest rates in each of the next several quarters.
 
Henry Hub natural gas prices remained over $3.00 /MBtu with the unusual cooler to near freeze temperature forecast for the U.S. Midwest region this September 8th week. LNG exports are setting record shipments as per attached OilPrice.com article: https://lnkd.in/g6NDvfS2