Lower 48 rig counts fall, but U.S. oil and gas output continues to set records

Jack Burke Senior Editor, Compressor Tech2

November 17, 2025

Permian Basin count down 29% since 2022

The U.S. Lower 48 rig fleet has contracted steadily over the past two years, even as crude oil and natural gas production continue to climb to new highs. According to the U.S. Energy Information Administration (EIA), the average number of active rigs drilling for oil and gas fell from a…

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