OTCPK:GSFVF - Post by User
Comment by
Supersnipe_oneon Jan 08, 2011 1:59pm
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Post# 17943749
RE: Rig Numbers.....revised
RE: Rig Numbers.....revisedUS natgas rig count falls for 5th week-Baker Hughes
Fri Jan 7, 2011 1:24pm EST
NEW YORK, Jan 7 (Reuters) - The U.S. natural gas drilling rig count
fell for the fifth straight week, according to Baker Hughes data on Friday,
stirring expectations the steady decline could finally lead to a slowdown
in production this year from record or near record high output in 2010.
The overall number of rigs drilling for natural gas in the United
States dropped by 5 this week to 914, a 10-month low. The count is down
nearly 8 percent after hitting 992 in mid-August, its highest since
February 2009, when 1,018 rigs were drilling for gas.
Horizontal rigs -- the type most often used to extract oil or gas from
shale -- jumped 19 to 966, matching the record high from early December.
(revised numbers......scroll down to
North America Rotary Rig Counts – Current Week Data)
https://investor.shareholder.com/bhi/rig_counts/rc_index.cfm