Oil and gas rigs from Baker Hughes

  • Gas rigs 73 vs 71 prior

I'm more interested by the rise in gas rigs. There was a pop in gas prices in late August and that might have put some drillers back to work. Unfortunately that bounce has popped with gas back under $2 today.

I think the latest price action is about a cool September in much of the continent but the supply/demand balance for gas is improving.