U.S. Upstream Feeling Down So Far in 2025

April 29, 2025--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Amid a string of reports of a rough first quarter for upstream services firms, Baker Hughes Company (NASDAQ:BKR) (Houston, Texas) data show exploration activity in the United States remains subdued relative to year-ago levels.The United States is the world leader in crude oil production, natural gas production and exports of liquefied natural gas (LNG). A boom in production from inland shale basins in th