EIA: Link Between Rigs and Production Trends is Broken

November 18, 2025--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--The historical association between upstream activity and production levels has weakened, according to the U.S. Department of Energy (DOE), with year-over-year production gains on the decline.Upstream services firm Baker Hughes listed 737 active rigs working across North America during the seven-day period ending November 14. That's about 6% below year-ago levels, though production trends, at least in