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Friday, May 3, 2019

Gas Rig Counts Continue a 4 Month Downtrend

Today's 3 gas rig decline to 183 reflects a 2 rig drop in the Haynesville and a loss of one in the Marcellus.  Counts remain high but clearly on a decline.


In the Marcellus however, at 61 rigs the fleet remains larger than at any time in 2018 or before.


Finally in the Permian, the gas rig count remains at zero of course, while oil rigs are at 459.  This tells the story of associated gas....