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Natural gas drilling is staging a huge comeback

Oct. 15, 2016 6:06 PM ETUNG, FCG, GAZ-OLD, UNL, GASL, GASX, MLPG, DCNG, BOIL, KOLD, UGAZF, DGAZFBy: Eli Hoffmann, SA News Editor59 Comments
  • Natural gas drilling is coming back in a big way, Bloomberg says.
  • This week alonne, the number of rigs targeting gas surged almost 12% - the biggest percentage gain since 1993, as prices climbed.
  • Gas bulls are betting that a frigid winter will drive demand for the heating fuel soaring.
  • Dry gas production is poised for a “renaissance” in the coming months, Andy Weissman, CEO of energy analysis company EBW AnalyticsGroup, said in a note to clients Friday.
  • See chart: Rig rebound
  • ETFs: UNG, UGAZ, DGAZ, BOIL, GAZ, FCG, GASL, KOLD, UNL, MLPG, GASX, DCNG

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