Friday's (7.25.25) U.S. total rig count dropped by two units from the previous week. WTI crude oil prices closed $2.18/barrel lower and HH natural gas fell $.46/Million Btu from last Friday (7.18.25).

The total downward trend in U.S. drilling has been dominated by rig loss in oil basins since April 4, 2025. However, not visible in the “Total Rig Count” number has been an increase in natural gas drilling rigs since May 23, 2025 when the number bottomed at 98. Friday's (7.25.25) gas rig number was 122.