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Ultra Petroleum Corp. Message Board

  • ahande ahande Oct 6, 2012 9:18 AM Flag

    Natural gas rig count at 13 year lows



    The number of rigs drilling for natural gas in the United States climbed this week for the second time in three weeks despite relatively low gas prices that continue to squeeze profit margins in most dry gas drilling operations.

    The tick up in rig numbers from a 13-year low reached last week may have been spurred by expectations of further gas price gains as the peak-demand winter heating season approaches, traders said.

    Sentiment: Strong Buy

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