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Natural Gas Rig Count is Falling
May 3, 2012 | Energy Information Administration

In their Natural Gas Weekly Update, the Energy Information Administration reports that “the natural gas rotary rig count, as reported by Baker Hughes Incorporated on April 27, decreased by 18 to 613 active units. Meanwhile, oil-directed rigs decreased by 9 to 1,328 units.” Rig counts are approaching their lowest levels since the shale gas boom began.


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