The natural gas rig count brings back investors’ confidence
January 07 2015
The major basins’ natural gas rig count in the US increased by two from the previous week to 340 for the week ending December 26. Key additions occurred in the “other” rigs category. Gas rig counts increased by five for the week. “Other” rigs represent rigs in basins that are smaller or rigs that don’t fall within a specific geographic basin.
The additions to the gas rig count were partially offset by a four-count decrease in the Marcellus Shale. To learn more, read Market Realist’s article Marcellus Shale: Why it’s key for US natural gas.
Read the full article – The natural gas rig count brings back investors’ confidence