1338 ET - The number of rigs drilling for oil this week in the U.S. fell by eight to 406, and was down by 77 from a year ago, oil services company Baker Hughes reports. In the Dallas Fed's 4Q survey of energy firms, 19% of executives said they expect capital spending to decrease slightly in 2026, with an additional 20% anticipating a significant decrease. Slight increases are expected by 26% of firms, while 11% see a significant increase and 24% expect spending to be similar to 2025 levels. Rigs directed at natural gas were steady this week at 127, or 25 more than a year ago, according to Baker Hughes. (anthony.harrup@wsj.com)
(END) Dow Jones Newswires
December 19, 2025 13:38 ET (18:38 GMT)
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