Natgas Drilling Rig Count Hits 10-Year Low

Full article here.

Boone said that the rig count was the #1 indicator that he watched for the direction of gas prices.

Natgas has really flipped around in the past week. CHK jumped 4% yesterday even after the bad news.

landownerPermalink Reply by Headly on May 1, 2012 at 5:14

Reflecting the dashed dreams of mineral owners. Maybe in ten years there will be hope.

landownerPermalink Reply by essay on May 1, 2012 at 11:11

10 years is overly pessimistic.

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