Natural gas rig count jolts energy investors’ hopes – Market Realist

In the United States, the natural gas rig count was 314 for the week ended February 6, down by five compared to the previous week. In the major basins, the key reduction occurred in the Marcellus shale, where four rigs went off last week.

Natural gas rig counts have been on a downward trend for about three years. Nevertheless, the gas-targeted rig count seems to be stabilizing. It increased ten times in the last 17 weeks.

via Natural gas rig count jolts energy investors’ hopes – Market Realist.

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