Decrease in activity directly tied to gas prices IMO. Companies hopefully have acreage HBP and can "bank" the gas reserves for future drilling / production (and hopefully higher prices)
As an update.... June 2014The rig count may improve as I see higher prices appears to have jarred Billiton and XTO off the sidelines and both appear to have more wells to drill.
Rock Man
Decrease in activity directly tied to gas prices IMO. Companies hopefully have acreage HBP and can "bank" the gas reserves for future drilling / production (and hopefully higher prices)
Jun 20, 2013
Lerret
As an update.... June 2014The rig count may improve as I see higher prices appears to have jarred Billiton and XTO off the sidelines and both appear to have more wells to drill.
Jun 27, 2014