Baker Hughes measures the rig count on a weekly basis. They count the number of active rigs in North America that are drilling for natural gas. In general, the higher the rig count, the more natural gas that will be available for production, and the greater the volume of natural gas that can be transported on the pipelines into storage and to market areas across the country. Generally, a high rig count leads to lower natural gas prices. Conversely, the lower the rig count, the less natural gas is being produced, and the lower the volume of natural gas that is transported on the pipelines into storage and to market areas across the country. In general, a low rig count leads to higher natural gas prices.
Please contact your IGS Energy representative at
(877) 923-4447 if you have questions regarding NYMEX or questions on how to use any of our reports as tools for buying gas.
Click here to find your IGS Energy representative.
For more information about the rig count measure, please click on the following link: Baker Hughes.
Please contact your IGS Energy representative at
(877) 923-4447 if you have questions regarding NYMEX or questions on how to use any of our reports as tools for buying gas.
Click here to find your IGS Energy representative.
For more information about the rig count measure, please click on the following link: Baker Hughes.
