The U.S. government and private energy analysts appear to have come to a foregone conclusion that the domestic natural gas drilling rig count will take a dive in 2013, but if any are “blindly assuming” that the U.S. oil rig count will “continue to move up and to the right,” they may be wrong, said the team at Raymond James & Associates Inc.
Foregone
Articles from Foregone
Slight Uptick in Gas Drilling Raises Concerns
An oversupply of domestic natural gas this year is “nearly a foregone conclusion,” but the uptick in gas drilling rigs earlier this month may signal a new battle on whether U.S. producers can reset the supply/demand balance in 2010, Barclays Capital analysts said in a report Tuesday.
June 29, 2009
Slight Uptick in Gas Drilling a Concern, Says Barclays
An oversupply of domestic natural gas this year is “nearly a foregone conclusion,” but the uptick in gas drilling rigs last week may begin a new battle on whether U.S. producers can reset the supply/demand balance in 2010, Barclays Capital analysts said in a report Tuesday.
June 25, 2009
Listen to the latest episode of our newest podcast NGI's Hub and Flow via:
