U.S. Natural Gas Drilling Collapses At Fastest Fastest Pace Since 2016 By ZeroHedge - May 15, 2023, 10:00 AM CDT BakerHughes: the US natural gas sector is rapidly pulling drilling rigs from the field.

Similar to crude oil prices, which are a good $40 per barrel lower than 2022 peaks, U.S. natural gas prices averaged $2.42 per million British thermal units during the second quarter, some 60% ...

The US natural gas industry is pulling back on exploration at the fastest pace in seven years amid tumbling prices for the heating and power plant fuel.. Rigs searching for natural gas declined by ...

Total active gas drilling rigs in the U.S. sank by 16 to stand at 141, the lowest total since April 2022 and the biggest weekly decline since February 2016, Baker Hughes reported Friday.

US drilling activity increased by 4 units to 623 rotary rigs working this week, down from 761 the same period a year ago, officials at Baker Hughes Inc. reported Friday. Gas operations accounted ...

U.S. energy firms this week cut the number of oil and natural gas rigs operating for the 12th time in 13 weeks, energy ...

Natural-gas futures were poised Friday to end the week with a loss of 13%, their largest such decline since January. Expectations for higher U.S. production this year — with the number of active U.S.

Drilling activity snapped a 12-week losing streak, powered higher by a surge in natural gas activity. Oilfield services firm Baker Hughes said Friday its weekly U.S. rig count climbed seven rigs, the ...

The U.S. is the world's top producer of natural gas, and became the No. 1 exporter of LNG in 2022 as Europe looked to America to wean itself off Russia's vast energy supplies following the ...

Natural-gas drilling has rarely been so profitable. Yet U.S. producers say they will retire debt, buy back shares and pay dividends rather than ramp-up output. ...

Aug nat-gas prices extended Monday's sharp losses on Tuesday and posted a 1.5-week low on the outlook for cooler US ...