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Title : Active Rigs In North Dakota Back Down To 64 -- July 10, 2018
link : Active Rigs In North Dakota Back Down To 64 -- July 10, 2018

Active Rigs In North Dakota Back Down To 64 -- July 10, 2018

Active rigs:

$74.07	7/10/2018	07/10/2017	07/10/2016	07/10/2015	07/10/2014
Active Rigs	64	57	29	73	189

RBN Energy: record gas production reins in futures prices.

After treading near the 79-Bcf/d level this past spring, Lower 48 natural gas production surged about 1.5 Bcf/d higher in the last three weeks of June to record highs approaching 82 Bcf/d by month’s end. The supply gains suspended the market’s bullish view of the persistently large storage deficit compared with last year and the five-year average and reeled in the prompt CME/NYMEX Henry Hub futures contract from the $3/MMBtu mark — at least for now. Where did the gains occur and how much of that influx truly is new production versus volumes returning from seasonal maintenance? Today, we examine the drivers behind the recent production jump.

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