Rig countsThe rig count numbers are creeping up and this is an ominous sign for future prices. U.S. rig count is +- 527, up 257 from a year ago, Canada +-154, up 90, and international 777, up 30. These numbers are from the Baker Hughes website. These rigs are not only more numerous, but also more productive. This is a good time to pay off debt and get the balance sheet in top shape for the next downturn in the cycle. Arc takes a lot of heat for their unrealized losses on their hedge book. If prices fall, as they will at some point, these unrealized losses might fade somewhat. But for now, prices are great, often between $5-$7. I think the Dawn delivery point price was $6.50?, if I remember right, but only a small 8% of Arc production.