This is an extract from : http://www.reuters.com/article/rbssEnergyNews/idUSN2311533920091023
The number of rigs drilling for natural gas in the United States climbed by four this week to 725, according to a report on Friday by oil services firm Baker Hughes in Houston.
The U.S. natural gas drilling rig count has gained in 12 of the last 14 weeks after bottoming at 665 on July 17, its lowest level since May 3, 2002, when there were 640 gas rigs operating.
But the rig count is still down sharply since peaking above 1,600 in September of last year, standing at 804 rigs, or 53 percent, below the same week in 2008.
Many gas producers have been forced to scale back drilling operations with credit still tight and natural gas prices around $5 per million British thermal units (mmBtu), down more than 60 percent from July 2008 highs above $13.
The steep declines in drilling this year have started to slow production and tighten supplies, but most traders agreed it has not been enough yet to offset record high inventories and steep recession-related cuts in demand, particularly from the industrial sector. (Reporting by Joe Silha; Editing by Lisa Shumaker)
Sunday, October 25, 2009
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Saturday, October 17, 2009
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U.S. natural gas rig count falls 5 to 721
The number of rigs drilling for natural gas in the United States fell by five this week to 721, according to a report on Friday by oil services firm Baker Hughes in Houston.
The U.S. natural gas drilling rig count has risen in 11 of the past 13 weeks but is still 816 rigs below the 1,537 rigs drilling in same week last year.
The number of rigs peaked above 1,600 in September 2008. During the week ended July 17, 2009, the natural gas rig count slipped to 665, its lowest level since May 3, 2002, when there were 640 gas rigs operating.
Tighter access to credit and a 70 percent slide in natural gas prices over the past 15 months to below $4 per mmBtu forced many producers to scale back gas drilling operations.
The steep declines in drilling this year have started to slow production and tighten supplies, but most traders agreed it has not been enough yet to offset record high inventories and steep recession-related cuts in demand, particularly from the industrial sector. (Reporting by Edward McAllister; Editing by Walter Bagley)
This is an extract from Reuters at http://www.reuters.com/article/energySector/idUSN1635900320091016
The U.S. natural gas drilling rig count has risen in 11 of the past 13 weeks but is still 816 rigs below the 1,537 rigs drilling in same week last year.
The number of rigs peaked above 1,600 in September 2008. During the week ended July 17, 2009, the natural gas rig count slipped to 665, its lowest level since May 3, 2002, when there were 640 gas rigs operating.
Tighter access to credit and a 70 percent slide in natural gas prices over the past 15 months to below $4 per mmBtu forced many producers to scale back gas drilling operations.
The steep declines in drilling this year have started to slow production and tighten supplies, but most traders agreed it has not been enough yet to offset record high inventories and steep recession-related cuts in demand, particularly from the industrial sector. (Reporting by Edward McAllister; Editing by Walter Bagley)
This is an extract from Reuters at http://www.reuters.com/article/energySector/idUSN1635900320091016
Friday, October 16, 2009
Interior Designers and Interior Decorators in Musta and Oman, Beemco Enterprises
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Thursday, October 15, 2009
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Friday, October 9, 2009
Refinery for sale , Used Oil Refinery for sale
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