Seeking Alpha

The number of rigs drilling for natural gas in the U.S. fell for the third time in four weeks,...

The number of rigs drilling for natural gas in the U.S. fell for the third time in four weeks, according to the latest Baker Hughes rig count, as producers continued to cut down on dry gas drilling despite strong price gains in recent weeks. The gas-directed rig count, which fell by 13 to 418, now hovers just above the 14-year low of 407 posted two weeks ago.
Comments (2)
  • What a great day to buy KWK. This will be a double or triple.
    22 Mar 2013, 03:14 PM Reply Like
  • They won't drill until the stored gas supply is significantly lower than is is now.
    24 Mar 2013, 02:28 PM Reply Like
DJIA (DIA) S&P 500 (SPY)