Breakouts could push valuations toward the $12 range if Brent stabilizes above $ During the second quarter of 2025, APA Corporation began reducing its Permian rig count from eight to six, reflecting improved drilling efficiency and leading to a capital expenditure forecast cut of US$130 million while maintaining steady oil production targets; the company declared a quarterly dividend of US$0.25 per share payable in November to shareholders of record as of October 22. To see Spark’s full report on RIG stock, click here . Market watchers highlight supply chain resilience as key in the "rig stock forecast 2025" outlook. Improved maintenance efficiencies could reduce OPEX per rig, helping Transocean protect margins during cyclical downturns.