Drilling activity snapped a 12-week losing streak, powered higher by a surge in natural gas activity. Oilfield services firm Baker Hughes said Friday its weekly U.S. rig count climbed seven rigs, the ...

Natural gas producers and gas-transport shares tracked US natural gas futures lower, as weather forecasts for late July shifted cooler and production continued running high, near 107B cf.

U.S. Natural Gas Drilling Collapses At Fastest Fastest Pace Since 2016 By ZeroHedge - May 15, 2023, 10:00 AM CDT BakerHughes: the US natural gas sector is rapidly pulling drilling rigs from the field.

Total active gas drilling rigs in the U.S. sank by 16 to stand at 141, the lowest total since April 2022 and the biggest weekly decline since February 2016, Baker Hughes reported Friday.

Natural-gas drilling has rarely been so profitable. Yet U.S. producers say they will retire debt, buy back shares and pay dividends rather than ramp-up output. ...

Last week, U.S. natural gas futures experienced a 0.24% rise, despite straddling a one-week low. This downward trend was influenced by forecasts of milder weather, abundant gas storage, and low ...

The historic Spindletop oil site in Texas offers a model for storing more natural gas underground amid forecasts of surging ...

Gas power plant development is surging on the back of the AI boom, leading to a supply squeeze and prompting closer ...

The US natural gas industry is pulling back on exploration at the fastest pace in seven years amid tumbling prices for the heating and power plant fuel.. Rigs searching for natural gas declined by ...

An arctic air blast across the U.S. is driving up heating demand and creating volatile conditions in energy markets. What Happened: Natural gas futures bounced back Thursday morning, with February ...

For nearly a year, U.S. natural gas producers have slammed the brakes on production as prices fall. ... U.S. gas firms last year cut drilling 22% to stem the gusher.