Not Logged In Log In   Sign Up   Points Leaders
Follow Us    2:02 AM

GasBuddy News Article

49
votes
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


Read the Full Article

Submitted Dec 01, 2012 By: skb69sa
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Natural Gas Rigs Advance in November, Baker Hughes Says Back to Topics
REPLIES (newest first) Post a Reply
Profile Pic
bston
Champion Author Oklahoma City

Posts:4,081
Points:1,141,350
Joined:Mar 2011
Message Posted: Dec 1, 2012 10:51:42 PM

Yea!
Profile Pic
Cellsite
Champion Author Appleton

Posts:3,080
Points:700,270
Joined:Jun 2012
Message Posted: Dec 1, 2012 11:00:12 AM

Keep on drillin' baby!
Profile Pic
matthwbar
Champion Author Toledo

Posts:6,262
Points:1,509,095
Joined:Jun 2007
Message Posted: Dec 1, 2012 10:49:44 AM

Cool....
Profile Pic
mageetp
Champion Author British Columbia

Posts:5,446
Points:1,119,420
Joined:Aug 2011
Message Posted: Dec 1, 2012 10:49:26 AM

Maybe a good thing.
Profile Pic
Cheepo
Champion Author Tampa

Posts:12,138
Points:3,618,820
Joined:Apr 2003
Message Posted: Dec 1, 2012 10:23:40 AM

Drill baby drill!!!!!!!!
Profile Pic
dacofa
Champion Author Nevada

Posts:5,551
Points:1,224,830
Joined:Jan 2010
Message Posted: Dec 1, 2012 10:16:34 AM

Obozo will stop them somehow.
Profile Pic
Car54BC08
Champion Author British Columbia

Posts:6,500
Points:1,998,090
Joined:Jun 2008
Message Posted: Dec 1, 2012 10:12:04 AM

Natural gas is a good alternative for now
Profile Pic
Wolfwings
Champion Author Delaware

Posts:10,957
Points:2,271,980
Joined:May 2004
Message Posted: Dec 1, 2012 10:08:20 AM

We still neeed a LAW to require demolition of the rigs once the owners are done with them.
Profile Pic
mikesr100
Champion Author Sacramento

Posts:6,223
Points:1,581,740
Joined:Apr 2008
Message Posted: Dec 1, 2012 10:08:08 AM

Drill Baby Drill
Profile Pic
EMoe57
Champion Author Jacksonville

Posts:6,873
Points:1,511,915
Joined:Apr 2009
Message Posted: Dec 1, 2012 10:07:10 AM

awesome
Profile Pic
BeatOPEC
Champion Author Indianapolis

Posts:1,506
Points:342,100
Joined:Apr 2011
Message Posted: Dec 1, 2012 10:04:55 AM

Prices are up 20% already? This isn't an answer because the market will just make NCG as expensive as gasoline.
Profile Pic
nehemiah
Champion Author Portland

Posts:6,089
Points:1,314,650
Joined:Jul 2007
Message Posted: Dec 1, 2012 10:04:30 AM

more alternatives are good
Profile Pic
GManCo
Champion Author Colorado Springs

Posts:7,236
Points:1,445,410
Joined:Sep 2010
Message Posted: Dec 1, 2012 10:04:21 AM

In the free market, you drill to produce a product and sell it at a profit.
Profile Pic
fordfan1
Champion Author Indiana

Posts:11,388
Points:2,391,760
Joined:Jul 2007
Message Posted: Dec 1, 2012 10:03:27 AM

Keep on building more of these rigs until Obama and his thugs at the EPA put a stop to it!!!!!
Profile Pic
honkerman
Champion Author San Jose

Posts:59,490
Points:2,899,130
Joined:Jul 2004
Message Posted: Dec 1, 2012 10:01:11 AM

Always drill to make money. Otherwise....why drill?
Profile Pic
rippertoo
Champion Author Tacoma

Posts:8,083
Points:1,642,210
Joined:Jan 2010
Message Posted: Dec 1, 2012 9:59:34 AM

There are better alternatives than NG. We need to get away from carbon based energy.
Profile Pic
bigmace111
Champion Author Albany

Posts:4,949
Points:1,098,920
Joined:May 2011
Message Posted: Dec 1, 2012 9:59:25 AM

We need a new source of energy to get away from gas and oil.
Profile Pic
deputydog082
Champion Author Detroit

Posts:3,606
Points:1,097,125
Joined:Apr 2011
Message Posted: Dec 1, 2012 9:58:56 AM

we need to develop cng as an alternatve transportation fuel
Profile Pic
bicycler
Champion Author Ontario

Posts:14,815
Points:2,598,445
Joined:May 2005
Message Posted: Dec 1, 2012 9:57:38 AM

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.
Profile Pic
TWS658
Champion Author Portland

Posts:5,809
Points:1,242,475
Joined:Sep 2005
Message Posted: Dec 1, 2012 9:55:31 AM

Interesting.
Profile Pic
Pramodsharma
Champion Author Richmond

Posts:4,208
Points:872,735
Joined:Feb 2012
Message Posted: Dec 1, 2012 9:54:36 AM

and our electricity bill jumped 35%
Profile Pic
kuma2000
Champion Author Honolulu

Posts:5,606
Points:1,171,625
Joined:Jun 2011
Message Posted: Dec 1, 2012 9:54:26 AM

Just as in gasoline, it all stems from greed and profit - prices will go up.
Profile Pic
Ken2OD
Champion Author Grand Rapids

Posts:11,373
Points:2,470,010
Joined:Dec 2005
Message Posted: Dec 1, 2012 9:50:50 AM

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!
Profile Pic
Bubba44612
Champion Author Ohio

Posts:9,636
Points:2,372,100
Joined:Aug 2005
Message Posted: Dec 1, 2012 9:49:35 AM

Well prices are up.
Profile Pic
sljbc475
Champion Author Tucson

Posts:6,513
Points:1,369,775
Joined:Dec 2010
Message Posted: Dec 1, 2012 9:49:03 AM

Put natural gas to use in long haul rigs.
Profile Pic
Jamer
Champion Author Las Vegas

Posts:9,479
Points:1,772,910
Joined:Jul 2002
Message Posted: Dec 1, 2012 9:47:43 AM

NO compressed NG bombs for me.
Profile Pic
Wizrd03
Champion Author Illinois

Posts:10,481
Points:2,133,360
Joined:Oct 2008
Message Posted: Dec 1, 2012 9:47:20 AM

SO???
Profile Pic
gasmeup52
Champion Author Missouri

Posts:3,166
Points:1,162,155
Joined:Jan 2011
Message Posted: Dec 1, 2012 9:45:46 AM

Cool.
Profile Pic
NanookAK
Champion Author Anchorage

Posts:9,677
Points:1,941,290
Joined:Nov 2007
Message Posted: Dec 1, 2012 9:45:46 AM

Still a long way to go.
Profile Pic
JagXKR
Champion Author British Columbia

Posts:5,404
Points:1,587,960
Joined:Dec 2009
Message Posted: Dec 1, 2012 9:45:01 AM

I totally agree with others, price goes up with demand.
Profile Pic
Chadgas
Champion Author Missouri

Posts:3,212
Points:2,654,440
Joined:Feb 2006
Message Posted: Dec 1, 2012 9:43:53 AM

Lets hear it for NG
Profile Pic
njerald
Champion Author Seattle

Posts:10,028
Points:2,102,970
Joined:Oct 2007
Message Posted: Dec 1, 2012 9:43:39 AM

Right on, screw the Liberals.
Profile Pic
seahawks
Champion Author Washington

Posts:4,827
Points:2,334,800
Joined:Sep 2005
Message Posted: Dec 1, 2012 9:42:52 AM

lets keep on drilling!!!
Profile Pic
Grismer
Champion Author Kitchener-Waterloo

Posts:10,836
Points:2,224,395
Joined:Apr 2008
Message Posted: Dec 1, 2012 9:41:22 AM

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.
Profile Pic
oppdetcon
Champion Author Ottawa

Posts:2,746
Points:960,415
Joined:Feb 2011
Message Posted: Dec 1, 2012 9:40:47 AM

As demand climbs, so will the price...
Profile Pic
trekmanKY
Champion Author Kentucky

Posts:3,255
Points:827,475
Joined:Mar 2012
Message Posted: Dec 1, 2012 9:40:06 AM

I don't use nat gas!
Profile Pic
mreiff
Champion Author Louisville

Posts:7,542
Points:1,786,875
Joined:May 2009
Message Posted: Dec 1, 2012 9:40:00 AM

Go CNG!
Profile Pic
SandeeC
Champion Author Ontario

Posts:3,334
Points:503,460
Joined:Apr 2011
Message Posted: Dec 1, 2012 9:39:38 AM

Me too, JoeKR.
Profile Pic
zimowski
Champion Author San Jose

Posts:8,973
Points:2,084,690
Joined:Nov 2007
Message Posted: Dec 1, 2012 9:39:11 AM

Seems like the U.S. already has a surplus of natural gas.
Profile Pic
gman617
Champion Author Illinois

Posts:3,301
Points:771,595
Joined:Jul 2012
Message Posted: Dec 1, 2012 9:37:39 AM

fine then
Profile Pic
sit
Champion Author Cleveland

Posts:7,394
Points:2,427,445
Joined:Feb 2006
Message Posted: Dec 1, 2012 9:37:30 AM

yes to nat gas.
Profile Pic
geezrtek
Champion Author Michigan

Posts:4,202
Points:756,075
Joined:Apr 2011
Message Posted: Dec 1, 2012 9:36:26 AM

Has the price for natural gas bottomed out?
Profile Pic
JoeKR
Champion Author New Jersey

Posts:11,501
Points:2,000,805
Joined:Feb 2006
Message Posted: Dec 1, 2012 9:33:14 AM

It would be most interesting to see a breakdown of where the added dollars go when gas prices rise.
Profile Pic
HawaiianGuy
Champion Author Idaho

Posts:11,827
Points:3,570,150
Joined:May 2003
Message Posted: Dec 1, 2012 9:32:46 AM

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!
Profile Pic
TRAIN RIDER
Champion Author San Bernardino

Posts:11,375
Points:3,254,625
Joined:Oct 2004
Message Posted: Dec 1, 2012 9:32:18 AM

Natural gas is at the moment at a good price.
Profile Pic
Black Wagon
Champion Author Illinois

Posts:9,418
Points:2,235,885
Joined:Mar 2004
Message Posted: Dec 1, 2012 9:31:57 AM

Didn't lower gas prices much though.
Profile Pic
pacecar68
Champion Author Oakland

Posts:5,375
Points:1,118,835
Joined:Jan 2007
Message Posted: Dec 1, 2012 9:31:47 AM

ok.
Profile Pic
Romey08
Champion Author Virginia

Posts:6,464
Points:1,467,470
Joined:Apr 2008
Message Posted: Dec 1, 2012 9:31:27 AM

CNG has the best value for energy usage
Profile Pic
buzzieNY
Champion Author Buffalo

Posts:5,128
Points:1,119,660
Joined:Jun 2011
Message Posted: Dec 1, 2012 9:29:57 AM

Interesting. . .
Profile Pic
rrs517
Champion Author Colorado

Posts:3,226
Points:844,375
Joined:Apr 2006
Message Posted: Dec 1, 2012 9:29:11 AM

"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.
Post a reply Back to Topics