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As one oil and natural gas producer after another highlighted a swing away from drilling for natural gas in second quarter earnings conference calls, the number of operating rigs targeting natural gas fell again last week, dropping seven rigs from the previous week and marking a decline of 44% from the 883 gas-directed rigs operating a year ago, according to the Baker Hughes rig count.

As one oil and natural gas producer after another highlighted a swing away from drilling for natural gas in second quarter earnings conference calls, the number of operating rigs targeting natural gas fell again last week, dropping seven rigs from the previous week and marking a decline of 44% from the 883 gas-directed rigs operating a year ago, according to the Baker Hughes rig count.

A pair of votes Tuesday highlighted the struggle Pennsylvania’s local governments are having with a new regulatory package of shale development.

A pair of votes last week highlighted the struggle Pennsylvania’s local governments are having with a new regulatory package of shale development.

Following the ups and downs of the last few regular trading sessions, natural gas futures traders highlighted the uncertainty on direction in the market on Tuesday as the December contract traded in a nearly 20-cent range between $3.750 and $3.928 before closing at $3.870, up 3.8 cents from Monday’s finish.

Turning attention from the war in Afghanistan and health care reform, President Obama on Thursday highlighted the nation’s economy and employment situation through a jobs summit that was met with mostly positive reviews from the energy industry.

Turning attention from the war in Afghanistan and health care reform, President Obama last Thursday highlighted the nation’s economy and employment situation through a jobs summit that was met with mostly positive reviews from the energy industry.

The Alberta government stepped forward last week and highlighted itself as the biggest single Canadian casualty of the natural gas price slump, with a financial statement confirming that royalties are being gutted.

The Alberta government stepped forward Wednesday and highlighted itself as the biggest single Canadian casualty of the natural gas price slump, with a financial statement confirming that royalties are being gutted.