Domestic Oil and Gas News: Week of November 17th, 2025

Nov 17

Markets

Gasoline: National average $3.07/gal, essentially flat w/w (AAA). KIRO 7 News Seattle
Macro backdrop: EIA notes drilling activity has trended lower from 2022 highs even as production remains near records, reflecting efficiency gains. Reuters

Rigs: Baker Hughes total U.S. rigs stood around 549 in the latest reading into Nov 14; oil-directed rigs seen at ~417 by Nov 21 (weekly series). Trading Economics+1

EIA Weekly Petroleum: Last report covered week ending Nov 7; next release Nov 19 (for week ending Nov 14). U.S. Energy Information Administration+1

SPR: DOE awarded contracts to purchase ~1 million bbl for delivery to Bryan Mound (TX) in Dec–Jan, continuing gradual refill efforts. The Department of Energy's Energy.gov
LNG projects: FERC updated its U.S. LNG terminals status page on Nov 13, reflecting latest operating/approved/proposed capacity. Federal Energy Regulatory Commission
Alaska NPR-A: Federal restrictions rolled back late last week—industry-friendly shift for North Slope leasing. Rigzone

Nat-gas tone: Futures recently firmed on strong LNG feedgas and cooler weather; flows expected to stay robust into winter. EnergyNow+1

Ryan Haggerty