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May 17, 2012

Baker Hughes: US Gas Rig Count -32 In Week, -166 Vs Year Ago; At 745

Published: Feb 03, 2012

NEW YORK (Dow Jones)--The number of natural gas drilling rigs working in the U.S. fell by 32 in the latest week, to 745, holding at a two-year low for the third straight week, oil-field-services company Baker Hughes Inc. (BHI) said Friday.

The gas rig count was down 166 from a year ago.

The oil-rig count rose by 20 to 1,245 and was up 427 from a year ago.

-By David Bird, Dow Jones Newswires; 212-416-2141; david.bird@dowjones.com

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NATURAL GAS STORAGE*
EIA report for week ending 5-11-2012 Our prediction for week ending 5-10-2012
2667 2659
Weekly change
+61up +53upest

Commodity Prices ($)

Natural Gas2.618
Crude Oil92.81
Heating Oil2.8976
RBOB Gas2.9209
Coal55.65