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Natural Gas Rigs Advance in November, Baker Hughes Says

Business Week -- Natural gas rigs in the U.S. advanced in November for the first monthly gain in more than a year with gas prices up almost 20 percent in 2012.

The count increased by eight this month as nuclear power plant refueling and maintenance helped support a rally in gas futures, which settled last week at the highest price since Oct. 31, 2011. Gas rigs fell by four to 424 this week after rising by 15 in the previous two weeks, according to oil-services company Baker Hughes Inc. (BHI)

Gas rigs declined for the previous 12 consecutive months as energy producers moved away from gas plays to focus on more lucrative gas liquids and oil drilling. The total dropped to 413 on Nov. 9, the lowest level since 1999.

“Natural gas market fundamentals steadily improved” in August, September and October, Chesap

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Submitted Dec 01, 2012 By: skb69sa

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bston Champion Author Oklahoma City Posts:1,815 Points:641,300 Joined:Mar 2011	Message Posted: Dec 1, 2012 10:51:42 PM Ignore bston Report Abuse Yea!
Cellsite Champion Author Appleton Posts:1,226 Points:286,160 Joined:Jun 2012	Message Posted: Dec 1, 2012 11:00:12 AM Ignore Cellsite Report Abuse Keep on drillin' baby!
matthwbar Champion Author Toledo Posts:4,058 Points:1,016,830 Joined:Jun 2007	Message Posted: Dec 1, 2012 10:49:44 AM Ignore matthwbar Report Abuse Cool....
mageetp Champion Author British Columbia Posts:3,205 Points:625,735 Joined:Aug 2011	Message Posted: Dec 1, 2012 10:49:26 AM Ignore mageetp Report Abuse Maybe a good thing.
Cheepo Champion Author Tampa Posts:9,889 Points:3,128,005 Joined:Apr 2003	Message Posted: Dec 1, 2012 10:23:40 AM Ignore Cheepo Report Abuse Drill baby drill!!!!!!!!
dacofa Champion Author Nevada Posts:5,373 Points:1,148,820 Joined:Jan 2010	Message Posted: Dec 1, 2012 10:16:34 AM Ignore dacofa Report Abuse Obozo will stop them somehow.
Car54BC08 Champion Author British Columbia Posts:4,249 Points:1,509,365 Joined:Jun 2008	Message Posted: Dec 1, 2012 10:12:04 AM Ignore Car54BC08 Report Abuse Natural gas is a good alternative for now
Wolfwings Champion Author Delaware Posts:8,735 Points:1,775,490 Joined:May 2004	Message Posted: Dec 1, 2012 10:08:20 AM Ignore Wolfwings Report Abuse We still neeed a LAW to require demolition of the rigs once the owners are done with them.
mikesr100 Champion Author Sacramento Posts:3,888 Points:1,079,760 Joined:Apr 2008	Message Posted: Dec 1, 2012 10:08:08 AM Ignore mikesr100 Report Abuse Drill Baby Drill
EMoe57 Champion Author Jacksonville Posts:4,612 Points:1,015,065 Joined:Apr 2009	Message Posted: Dec 1, 2012 10:07:10 AM Ignore EMoe57 Report Abuse awesome
BeatOPEC All-Star Author Indianapolis Posts:857 Points:197,030 Joined:Apr 2011	Message Posted: Dec 1, 2012 10:04:55 AM Ignore BeatOPEC Report Abuse Prices are up 20% already? This isn't an answer because the market will just make NCG as expensive as gasoline.
nehemiah Champion Author Portland Posts:4,756 Points:929,640 Joined:Jul 2007	Message Posted: Dec 1, 2012 10:04:30 AM Ignore nehemiah Report Abuse more alternatives are good
GManCo Champion Author Colorado Springs Posts:4,991 Points:950,615 Joined:Sep 2010	Message Posted: Dec 1, 2012 10:04:21 AM Ignore GManCo Report Abuse In the free market, you drill to produce a product and sell it at a profit.
fordfan1 Champion Author Indiana Posts:9,087 Points:1,890,040 Joined:Jul 2007	Message Posted: Dec 1, 2012 10:03:27 AM Ignore fordfan1 Report Abuse Keep on building more of these rigs until Obama and his thugs at the EPA put a stop to it!!!!!
honkerman Champion Author San Jose Posts:44,237 Points:2,396,120 Joined:Jul 2004	Message Posted: Dec 1, 2012 10:01:11 AM Ignore honkerman Report Abuse Always drill to make money. Otherwise....why drill?
rippertoo Champion Author Tacoma Posts:5,750 Points:1,140,860 Joined:Jan 2010	Message Posted: Dec 1, 2012 9:59:34 AM Ignore rippertoo Report Abuse There are better alternatives than NG. We need to get away from carbon based energy.
bigmace111 Champion Author Albany Posts:2,718 Points:613,625 Joined:May 2011	Message Posted: Dec 1, 2012 9:59:25 AM Ignore bigmace111 Report Abuse We need a new source of energy to get away from gas and oil.
deputydog082 Champion Author Detroit Posts:1,781 Points:659,365 Joined:Apr 2011	Message Posted: Dec 1, 2012 9:58:56 AM Ignore deputydog082 Report Abuse we need to develop cng as an alternatve transportation fuel
bicycler Champion Author Ontario Posts:14,815 Points:2,598,445 Joined:May 2005	Message Posted: Dec 1, 2012 9:57:38 AM Ignore bicycler Report Abuse Natural gas is a wise fuel compared to others when one considers it to that we see at the familiar type we see along the roads.
TWS658 Champion Author Portland Posts:4,543 Points:950,875 Joined:Sep 2005	Message Posted: Dec 1, 2012 9:55:31 AM Ignore TWS658 Report Abuse Interesting.
Pramodsharma Champion Author Richmond Posts:1,974 Points:386,640 Joined:Feb 2012	Message Posted: Dec 1, 2012 9:54:36 AM Ignore Pramodsharma Report Abuse and our electricity bill jumped 35%
kuma2000 Champion Author Honolulu Posts:3,218 Points:673,175 Joined:Jun 2011	Message Posted: Dec 1, 2012 9:54:26 AM Ignore kuma2000 Report Abuse Just as in gasoline, it all stems from greed and profit - prices will go up.
Ken2OD Champion Author Grand Rapids Posts:9,067 Points:1,970,965 Joined:Dec 2005	Message Posted: Dec 1, 2012 9:50:50 AM Ignore Ken2OD Report Abuse Look what the article says at the end of the Third Paragraph, "The total dropped to 413 on Nov. 9, the lowest level since 1999." That would indicate that the overall total is steadily decreasing. NOT GOOD!
Bubba44612 Champion Author Ohio Posts:7,391 Points:1,876,105 Joined:Aug 2005	Message Posted: Dec 1, 2012 9:49:35 AM Ignore Bubba44612 Report Abuse Well prices are up.
sljbc475 Champion Author Tucson Posts:4,215 Points:871,400 Joined:Dec 2010	Message Posted: Dec 1, 2012 9:49:03 AM Ignore sljbc475 Report Abuse Put natural gas to use in long haul rigs.
Jamer Champion Author Las Vegas Posts:8,754 Points:1,635,285 Joined:Jul 2002	Message Posted: Dec 1, 2012 9:47:43 AM Ignore Jamer Report Abuse NO compressed NG bombs for me.
Wizrd03 Champion Author Illinois Posts:8,147 Points:1,631,360 Joined:Oct 2008	Message Posted: Dec 1, 2012 9:47:20 AM Ignore Wizrd03 Report Abuse SO???
gasmeup52 Champion Author Missouri Posts:1,320 Points:681,730 Joined:Jan 2011	Message Posted: Dec 1, 2012 9:45:46 AM Ignore gasmeup52 Report Abuse Cool.
NanookAK Champion Author Anchorage Posts:7,247 Points:1,440,040 Joined:Nov 2007	Message Posted: Dec 1, 2012 9:45:46 AM Ignore NanookAK Report Abuse Still a long way to go.
JagXKR Champion Author British Columbia Posts:3,159 Points:1,091,380 Joined:Dec 2009	Message Posted: Dec 1, 2012 9:45:01 AM Ignore JagXKR Report Abuse I totally agree with others, price goes up with demand.
Chadgas All-Star Author Missouri Posts:973 Points:2,173,725 Joined:Feb 2006	Message Posted: Dec 1, 2012 9:43:53 AM Ignore Chadgas Report Abuse Lets hear it for NG
njerald Champion Author Seattle Posts:7,824 Points:1,623,075 Joined:Oct 2007	Message Posted: Dec 1, 2012 9:43:39 AM Ignore njerald Report Abuse Right on, screw the Liberals.
seahawks Champion Author Washington Posts:3,227 Points:1,963,745 Joined:Sep 2005	Message Posted: Dec 1, 2012 9:42:52 AM Ignore seahawks Report Abuse lets keep on drilling!!!
Grismer Champion Author Kitchener-Waterloo Posts:8,529 Points:1,723,070 Joined:Apr 2008	Message Posted: Dec 1, 2012 9:41:22 AM Ignore Grismer Report Abuse The increased use of natural gas can reduce the consumption of coal and oil as primary energy sources. However, much more care must be taken to ensure that domestic price remains affordable since many consumers rely on natural gas as an essential home heating source.
oppdetcon Champion Author Ottawa Posts:1,431 Points:498,600 Joined:Feb 2011	Message Posted: Dec 1, 2012 9:40:47 AM Ignore oppdetcon Report Abuse As demand climbs, so will the price...
trekmanKY Champion Author Kentucky Posts:1,095 Points:358,235 Joined:Mar 2012	Message Posted: Dec 1, 2012 9:40:06 AM Ignore trekmanKY Report Abuse I don't use nat gas!
mreiff Champion Author Louisville Posts:5,345 Points:1,302,715 Joined:May 2009	Message Posted: Dec 1, 2012 9:40:00 AM Ignore mreiff Report Abuse Go CNG!
SandeeC Champion Author Ontario Posts:2,988 Points:460,480 Joined:Apr 2011	Message Posted: Dec 1, 2012 9:39:38 AM Ignore SandeeC Report Abuse Me too, JoeKR.
zimowski Champion Author San Jose Posts:6,666 Points:1,583,490 Joined:Nov 2007	Message Posted: Dec 1, 2012 9:39:11 AM Ignore zimowski Report Abuse Seems like the U.S. already has a surplus of natural gas.
gman617 All-Star Author Illinois Posts:978 Points:269,500 Joined:Jul 2012	Message Posted: Dec 1, 2012 9:37:39 AM Ignore gman617 Report Abuse fine then
sit Champion Author Cleveland Posts:5,200 Points:1,931,970 Joined:Feb 2006	Message Posted: Dec 1, 2012 9:37:30 AM Ignore sit Report Abuse yes to nat gas.
geezrtek Champion Author Michigan Posts:1,902 Points:431,510 Joined:Apr 2011	Message Posted: Dec 1, 2012 9:36:26 AM Ignore geezrtek Report Abuse Has the price for natural gas bottomed out?
JoeKR Champion Author New Jersey Posts:9,468 Points:1,743,495 Joined:Feb 2006	Message Posted: Dec 1, 2012 9:33:14 AM Ignore JoeKR Report Abuse It would be most interesting to see a breakdown of where the added dollars go when gas prices rise.
HawaiianGuy Champion Author Idaho Posts:9,528 Points:3,078,950 Joined:May 2003	Message Posted: Dec 1, 2012 9:32:46 AM Ignore HawaiianGuy Report Abuse My natural gas bill has dropped at least 4 times in the past 3 years, and my gas company just announced yet another price reduction. I couldn't be happier!
TRAIN RIDER Champion Author San Bernardino Posts:9,077 Points:2,756,845 Joined:Oct 2004	Message Posted: Dec 1, 2012 9:32:18 AM Ignore TRAIN RIDER Report Abuse Natural gas is at the moment at a good price.
Black Wagon Champion Author Illinois Posts:7,307 Points:1,801,795 Joined:Mar 2004	Message Posted: Dec 1, 2012 9:31:57 AM Ignore Black Wagon Report Abuse Didn't lower gas prices much though.
pacecar68 Champion Author Oakland Posts:4,666 Points:868,070 Joined:Jan 2007	Message Posted: Dec 1, 2012 9:31:47 AM Ignore pacecar68 Report Abuse ok.
Romey08 Champion Author Virginia Posts:6,311 Points:1,436,490 Joined:Apr 2008	Message Posted: Dec 1, 2012 9:31:27 AM Ignore Romey08 Report Abuse CNG has the best value for energy usage
buzzieNY Champion Author Buffalo Posts:2,887 Points:634,580 Joined:Jun 2011	Message Posted: Dec 1, 2012 9:29:57 AM Ignore buzzieNY Report Abuse Interesting. . .
rrs517 All-Star Author Colorado Posts:923 Points:343,730 Joined:Apr 2006	Message Posted: Dec 1, 2012 9:29:11 AM Ignore rrs517 Report Abuse "Steadily improved" in the past 3 months after a 2-year government imposed decrease should really make us feel good? Hmmm, must be the new normal.