26 June 2024
US OIL & GAS: Gas rigs stable as Henry Hub hits two-year high (12 July 2016)
Publication date: 12 July 2016
Gas Strategies Group
10 Saint Bride Street
London UK
EC4A 4AD
ISSN: 0964-8496
Twitter @GasStrategies
Editorials
Subscriptions
Henry Hub spot prices rose to a two-year high on average in late June, coinciding with stability in the US gas rig count for a third week, data from the US Energy Information Administration (EIA) and services group Baker Hughes.
Rigs – One unit went offline, leaving the latest count at 88, down week on week (-1%), up month on month (3%) and markedly lower year on year (-59%), the latest Baker Hughes dataset. The count has held between 80-95 since mid-March...