Tag: US gas production

Rig count at historic low, but gas production still high

Rig count at historic low, but gas production still high

Fewer rigs but higher production suggests drilling is more efficient There were 94 active natural gas-directed rigs as of March 11, 2016, according to Baker Hughes Inc., a decline of three units from last week, when rigs fell below 100 for the first time in the 29-year rig data history. Natural gas-directed rigs are currently 63 per […]