Alan Smith, president and CEO of Rockcliff Energy, explains the Haynesville Shale advantage and why that might be misunderstood by the investment community.
Some new rigs added last month with gas plays along the Gulf Coast, primarily the Haynesville Shale, faring the best.
The U.S. oil and gas rig count fell by five to an all-time low of 258 in the week to July 10, according to data from energy services firm Baker Hughes Co.
Kansas, Oklahoma, Texas Dist. 7B, 7C, 8, 8A, 9, 10
Just 18 rigs were active last week in the world’s fourth-largest oil-producing country, a fraction of even the depressed levels of a year ago, according to Baker Hughes data.
U.S. rig count down from previous week while crude futures jump 200% over the past 10 weeks.
The U.S. oil and gas rig count fell by two to an all-time low of 263 in the week to July 2, according to data from Baker Hughes Co.