US Natgas Rigs Lowest in Near 14 Months

- March 18th, 2011

Reuters Africa reports that the number of rigs drilling for natural gas in the United States fell this week to the lowest level in nearly 14 months.

Reuters Africa reports that the number of rigs drilling for natural gas in the United States fell this week to the lowest level in nearly 14 months.

The market news is quoted as saying:

The gas-directed rig count has dropped in 12 of the last 15 weeks, now standing at its lowest level since late January 2010.

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