Rigs targeting natural gas in the U.S. jumped this week as producers of the heating fuel increased drilling in parts of Texas . Gas rigs surged by nine to 338, erasing a drop from a week earlier, according to Baker Hughes Inc. (BHI) Those drilling for the fuel in Texas rose by five to 89, the highest since June. The U.S. oil count meanwhile fell by nine to 1,592, data posted on the company’s website show. The rebound in gas rigs threatens to come at the expense of oil drilling. U.S. crude has dropped by more than $10 a barrel over the past three months. The gas rig count has added 24 rigs since June after sliding for three straight quarters. “It’s not surprising to see a few more gas rigs because prices are better than they were a year ago,” James Williams , president of WTRG Economics in […]