U.S. Baker Hughes Gas Rig Count Declines to Near 14-Year Low

[wilmawatts]

http://www.bloomberg.com/news/2013-03-2 ... ow-1-.html

The number of gas rigs in the U.S. declined to near a 14-year low, according to Baker Hughes Inc. (BHI). Gas rigs dropped by 29 to 389, while oil rigs climbed by 30 to 1,354 this week, data posted on Baker Hughes’ website show. Total energy rigs increased by two to 1,748, the field-services company based in Houston said. The rig-count figures were released a day early this week because of the Good Friday observance tomorrow

Chart:

http://www.bloomberg.com/quote/BAKEGAS:IND

[dan_s]

Thanks, I will include this in my newsletter which will be focused on the rapidly improving outlook for natural gas prices. I hope to send the newsletter out on Monday.