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

|By:, SA News Editor

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.