Rigs targeting natural gas in the U.S. slipped from a one-month high with drillers limited by a shortage of pipeline capacity to move supplies to market. The count dropped by one to 325 this week, data posted on Baker Hughes Inc. (BHI) ’s website today show. Rigs drilling for the power-plant fuel declined in U.S. plays from the Fayetteville of Arkansas to the Haynesville in Arkansas, Louisiana and Texas, the Houston-based field services company said. Gas rigs in the Marcellus of the eastern U.S. were unchanged at 81, down from this year’s peak of 87. U.S. rigs drilling for natural gas slid by 29 in the past year even as prices gained, underscoring the record volume from existing rigs. The boom has companies jockeying for transportation capacity as output in the Marcellus alone is set to rise by 25 percent in June from a year earlier, according to Bloomberg […]

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