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.
Oil & Gas Pro
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
Oil & Gas Pro
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