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Horizon Energy Digest
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US oil, gas rig count slows despite record output, EIA says
U.S. oil and natural gas drilling activity has continued to decline even as production reaches record highs, the U.S. Energy Information Administration (EIA) said on Monday. The EIA said the average number of active rigs in the Lower 48 has fallen from 750 in December 2022 to 517 in October 2025, reflecting operators’ responses to lower oil and natural gas prices and improvements in drilling efficiencies.
West Texas lacks the infrastructure to get its natural gas to AI data centers
West Texas — known for producing 40% of the nation’s crude oil — also has an extraordinary amount of natural gas that could power those data centers. But the region lacks adequate infrastructure to convert the gas, a byproduct of pumping oil, into electricity and transmit it to the growing industry, experts said.
Curious Minds Corner
What percentage of U.S. wells in 2023 were stripper wells?
About 77% of the 920,000 oil and gas wells in the U.S.