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RSS feed source: US Energy Information Administration

In-brief analysis

March 4, 2025

Data source: Baker Hughes Company

The number of rigs deployed to drill for natural gas in the United States decreased over the last two years. U.S. natural gas-directed rigs decreased 32% (50 rigs) between December 2022 and December 2024. This decline has been concentrated in the natural gas-rich Haynesville and Appalachia regions, where the combined natural gas rig count declined by 34% during 2023 (43 rigs) and by 24% during 2024 (21 rigs). The decline in drilling rigs coincides with record-low natural gas prices for most of 2024 and the wider adoption of advanced drilling and completion technologies.

In the Haynesville region, which spans Texas and Louisiana, drilling costs tend to be higher than in other plays because Haynesville wells are drilled to greater depths, usually between 10,500 feet and

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