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[1]Rig Count Overview & Summary Count as of January 22, 2025, BAKER HUGHES, https://rigcount.bakerhughes.com/ (last visited 1/22/25); North America Rig Count, BAKER HUGHES, https://rigcount.bakerhughes.com/na-rig-count (last visited 1/22/25) (follow “Rigs by State – Current and Historical” link; then scroll to the appropriate timespan).
[2]U.S. Frac Spread Count as of 1/22/25, https://www.aogr.com/web-exclusives/us-frac-spread-count/2025.
[3]MacroTrend WTI Crude Oil Prices 10 Year Daily Chart, https://www.macrotrends.net/2516/wti-crude-oil-prices-10-year-daily-chart (last visited 1/22/25); Markets Business Insider https://markets.businessinsider.com/commodities/oil-price?type=wti?utm_source=markets.
[4]Henry Hub Natural Gas Spot Price for 1/22/25, https://markets.businessinsider.com/commodities/natural-gas-price (last visited 1/22/25); Weekly Henry Hub Natural Gas Spot Prices for 2025 used in chart, https://www.eia.gov/dnav/ng/hist/rngwhhdW.htm (last visited 1/22/25).