He said it can take a few months before that starts showing up as softer production, but “it is significant in the sense that the rigs are falling off in areas where there’s a lot of gas production growth. “It is a good harbinger of supply declines potentially in the future,” said Wood Mackenzie’s Eugene Kim. It said the number of natural gas exploration rigs in its most recent weekly count fell by 16 - the most in 7 years - to 141 rigs. That’s reflected in data from Baker Hughes, which builds and services drilling equipment. Strap on your skis, snowboard, or even wingsuit, because it’s time head to the Alps. Steep is the ultimate open-world sports game. Get your instant download of Steep on PC with.
“They’re deciding to lay down some rigs and to produce less,” Rousseau said. Buy Steep PC CD Key Instant download Fantastic price Digital Download. And the projected price isn’t set to crack $4 until December of next year. “If you’re a producer, you’re saying, ‘Well, what can I sell my gas for?’”Ī year ago, sellers could get $8 per unit, but prices have dropped to around $2.33 for natural gas to be delivered next month. “There are companies that are willing to buy or sell oil or gas in the future at a certain price,” he said. To get an idea of what energy producers are thinking right now, one place to look is what’s known as “the forward curve,” said Jacques Rousseau of ClearView Energy Partners. 1 day ago &0183 &32 Jefferies: Recession begins in the third quarter of this year unemployment rises to 6.5 in the third quarter of 2024. The fossil fuel is used for heating and to produce electricity, among other things.īut there are some signs that a slowdown might be on the horizon. the world’s leading producer of natural gas.
The shale revolution which started 15 years ago has helped make the U.S.
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