The unconventional oil and gas rig count sagged in the week ending Aug. 17, with numbers flat or declining in 10 of the nation’s 13 unconventional plays compared with the week before, but the liquids-rich Niobrara-Denver Julesburg (DJ) Basin continues to soar, according to NGI’s Shale Daily Unconventional Rig Count.
Sagged
Articles from Sagged
Energy Stocks Slide After House Rejects Bailout Plan
Energy stocks sagged across the board Monday after the House in a historical vote narrowly rejected the Bush administration’s plan for a massive federal government intervention in the Wall Street financial markets.
September 30, 2008
Late Sell-Off Puts Bears at Helm of April Contract
With little fresh news available to prop it up, natural gas futures sagged to new 10-week lows Tuesday afternoon as traders contemplated whether they would rather be long or short gas for the entire month of April at a price near the $5.00 level. A rebound at the closing bell was too little and too late for the prompt month which closed beneath key support, down 17.6 cents for the session at $5.077. April will expire at 2:30 p.m. EST Thursday.
March 26, 2003
Options, Fund Buying Nudge Futures Higher
Natural gas futures sagged at the open and then again at theclose yesterday, but in between the price action was positive astraders continued to grapple with disequilibrium of supply anddemand in the physical market. The September contract finished at$4.685, up 5.7 cents on the day and just to the north of the centerof its wide, 20-cent range. Estimated volume was healthy withoptions-related futures dealings boosting the number of contractsthat changed hands to 73,860.
August 29, 2000
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