U.S. Rig Count, Crude Oil Production: Your Daily Energy News

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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.

PRODUCTION
U.S. Drillers Cut Rigs - U.S. energy firms last week cut the number of oil and natural gas rigs operating for a second week in a row, energy services firm Baker Hughes Company (NASDAQ:BKR) (Houston, Texas) said. The oil and gas rig count fell by seven to 623 in the week ending September 29, the lowest since February 2022. U.S. oil rigs fell by five to 502 last week, their lowest since February 2022, while gas rigs dropped by two to 116. (Reuters)

U.S. Oil Production Climbs to Near Record in July - U.S. crude oil output grew in July to near its pre-COVID peak in 2019, fueled by a record level of production from Texas, the top U.S. shale oil producer, the U.S. Energy Information Administration (EIA) said on Friday. U.S. crude oil production grew 0.7% to 12.99 million barrels per day (BBL/d) in July, its highest since November 2019, when production hit a peak of 13 million BBL/d. Oil output from Texas, New Mexico and North Dakota all rose. Texas grew 1.3% to 5.6 million BBL/d in July, its highest on record, North Dakota's output rose 1.2% to 1.2 million BBL/d, and New Mexico's oil production climbed 0.6% to 1.8 million BBL/d. (Reuters)

Gazprom's Natural Gas Output Down 25% Year on Year - Russia's Gazprom (Saint Petersburg) said on Thursday that the group's gas output was down almost 25% year on year to 179.45 billion cubic meters in the first six months of 2023. (Reuters)

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About IIR Energy
Energy asset information on power plants, oil refineries and natural gas infrastructure is now more important than ever. A unit of Industrial Info Resources, IIR Energy provides infrastructure information on these assets, as well as real-time tracking of planned and unplanned interruptions affecting the commodity-trading community. We are the number one source for information about power plant outages, refinery turnarounds and midstream natural gas disruptions.

About Industrial Info
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).