US Oil and Natural Gas Rig Count Increases by 2 to 859

27 Jun 2015 | Author: | No comments yet »

Natural Gas Weekly Fundamental Analysis – June 29 – July 3, 2015 – Forecast.

Houston • The number of rigs drilling for oil or natural gas in Utah was unchanged this week, oilfield services company Baker Hughes Inc. said Friday. Nationally, there were two more operating drilling rigs —859 in total — marking the first time since December that a weekly increase has been reported. A hot spell spreading across the country has raised demand for gas-fired power just as production cuts and pipelines outages began to choke back supply.

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