Baker Hughes Inc. executives on Friday said the total U.S. rig count should fall on average by 8% this year from 2012, but with better drilling efficiencies, the onshore well count may only decline by 4% to around 35,000.
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$4.00-Plus Called ‘Breakeven’ for U.S. Natural Gas
Nearly every major natural gas play in the United States makes money at prices above $4.00/Mcf, and more important, may generate a “decent rate of return” at prices above $4.25, according to an analysis by Raymond James & Associates Inc.

Most U.S. NatGas Plays Make Money at $4.00-Plus, Says Raymond James
Nearly every major natural gas play in the United States makes money at prices above $4.00/Mcf, and more important, can generate a “decent rate of return” at prices above $4.25, according to an analysis by Raymond James & Associates Inc.
Price Trigger at $4.00-Plus for ‘Breakeven’ U.S. Natural Gas
Nearly every major natural gas play in the United States makes money at prices above $4.00/Mcf, and more important, may generate a “decent rate of return” at prices above $4.25, according to an analysis by Raymond James & Associates Inc.
LNG Exports Seen Viable, Not Always Lucrative
There is money to be made in exporting liquefied U.S. natural gas, but not as much as many might think, or as consistently as some might hope, according to an analysis by Raymond James & Associates.
$90/bbl Brent Crude Makes U.S. LNG Exports Economic, Analysts Say
There is money to be made in exporting liquefied U.S. natural gas, but not as much as many might think, or as consistently as some might hope, according to an analysis by Raymond James & Associates.
Most Challenges, Promise in Northeast, Says Williams Exec
No place in the entire world has better dry or wet gas potential than the Marcellus Shale, now “four years into a 50-year play,” but ensuring that there’s enough infrastructure for adequate takeaway will take some time, a top Williams executive said last week.

Quicksilver Cutting Costs, Still Seeking Horn River JV
During the first quarter, Quicksilver Resources Inc. lost more money than Wall Street was expecting as the company continued to “hammer on the cost side” of its business, deferring elective spending in the energy patch and cutting back on staff.
Southwestern Nearly Doubles Marcellus Position
Southwestern Energy Co., which has proved time and again that making money is possible in some of the onshore natural gas plays, last week cut a bargain deal that will nearly double its gassy acreage position in the Marcellus Shale of Pennsylvania.
Eagle Ford Also a Tax Money Gusher, Texas Lawmakers Told
Texas lawmakers on Wednesday gained some insight into where an increasing amount of money in the Lone Star State comes from: the Eagle Ford Shale oil and gas patch. The state is producing more oil than it has in the last 25 years, thanks in large part to the unconventional play in South Texas.