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Oil Rig Count: A Concern for Natural Gas Prices

Robert Scott
Oil Rig Count: A Concern for Natural Gas Prices

In 2008, the natural gas rig count made a record high of 1,606. From the record level in 2008 until April 27, the natural gas rig count fell ~87.9%. Between January 2008 and January 2018, US natural gas marketed production rose 45.5%—based on the EIA’s monthly data. What’s behind the rise in natural gas supplies?