Energy execs are letting go of wishful thinking on natural gas prices. Last week's Baker Hughes...

|About: Baker Hughes Inc. (BHI)|By:, SA News Editor

Energy execs are letting go of wishful thinking on natural gas prices. Last week's Baker Hughes (BHI) survey highlighted two records: the number of rigs pumping oil reaches 1,372 - an all-time high - and the percentage of rigs drilling for nat gas is at just above 30% - an all-time low. Gas rigs dipped below 600; some see the point where supply and demand start to balance again is 600-650.