Considering a decline in service costs, acreage leasehold expirations, an increase in oil drilling and the anticipation of higher natural gas prices, U.S. rig count assumptions for 2010 weren’t optimistic enough, energy analysts said last week.
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North American Gas Drilling Seen ‘Meaningfully Higher’ in 2010
Considering a decline in service costs, acreage leasehold expirations, an increase in oil drilling and the anticipation of higher natural gas prices, U.S. rig count assumptions for 2010 weren’t optimistic enough, energy analysts said Tuesday.
January 20, 2010
Joining March, April and May, June Expires in the $7.50s
Bringing the string of consecutive expirations in the $7.50s to four, June natural gas futures on Tuesday put in a low of $7.490 before expiring at $7.591, down 4.9 cents on the day. The settle also marked the June contract’s seventh consecutive lower regular session close, bringing the loss streak to 48.4 cents.
May 30, 2007
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