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US domestic drilling rigs down 46% from this time last year.

  • j_crazy
    Didn't want to get political with it, just was letting people know that now is a good time to lock in your gas rate with you're supplier (or a good time to shop for a new one) since this is decrease in rigs is because the price of Natural Gas is so low that wells are becoming less economic to drill. (A nice way of saying producers want the price to go up so they're curtailing drilling). My company did this 2 years ago, but now the small companies that take bigger risks and hedge their gas are following suit.

    Link for those interested