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Natural Gas Rigs Advance in November, Baker Hughes Says

Business Week -- Natural gas rigs in the U.S. advanced in November for the first monthly gain in more than a year with gas prices up almost 20 percent in 2012.

The count increased by eight this month as nuclear power plant refueling and maintenance helped support a rally in gas futures, which settled last week at the highest price since Oct. 31, 2011. Gas rigs fell by four to 424 this week after rising by 15 in the previous two weeks, according to oil-services company Baker Hughes Inc. (BHI)

Gas rigs declined for the previous 12 consecutive months as energy producers moved away from gas plays to focus on more lucrative gas liquids and oil drilling. The total dropped to 413 on Nov. 9, the lowest level since 1999.

“Natural gas market fundamentals steadily improved” in August, September and October, Chesap

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Submitted Dec 01, 2012 By: skb69sa

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bston Champion Author Oklahoma City Posts:1,950 Points:669,015 Joined:Mar 2011	Message Posted: Dec 2, 2012 12:51:42 AM Ignore bston Report Abuse Yea!
Cellsite Champion Author Appleton Posts:1,321 Points:311,135 Joined:Jun 2012	Message Posted: Dec 1, 2012 1:00:12 PM Ignore Cellsite Report Abuse Keep on drillin' baby!
matthwbar Champion Author Toledo Posts:4,198 Points:1,044,530 Joined:Jun 2007	Message Posted: Dec 1, 2012 12:49:44 PM Ignore matthwbar Report Abuse Cool....
mageetp Champion Author British Columbia Posts:3,345 Points:653,435 Joined:Aug 2011	Message Posted: Dec 1, 2012 12:49:26 PM Ignore mageetp Report Abuse Maybe a good thing.
Cheepo Champion Author Tampa Posts:9,989 Points:3,147,905 Joined:Apr 2003	Message Posted: Dec 1, 2012 12:23:40 PM Ignore Cheepo Report Abuse Drill baby drill!!!!!!!!
dacofa Champion Author Nevada Posts:5,401 Points:1,173,405 Joined:Jan 2010	Message Posted: Dec 1, 2012 12:16:34 PM Ignore dacofa Report Abuse Obozo will stop them somehow.
Car54BC08 Champion Author British Columbia Posts:4,389 Points:1,537,065 Joined:Jun 2008	Message Posted: Dec 1, 2012 12:12:04 PM Ignore Car54BC08 Report Abuse Natural gas is a good alternative for now
Wolfwings Champion Author Delaware Posts:8,876 Points:1,803,190 Joined:May 2004	Message Posted: Dec 1, 2012 12:08:20 PM Ignore Wolfwings Report Abuse We still neeed a LAW to require demolition of the rigs once the owners are done with them.
mikesr100 Champion Author Sacramento Posts:4,030 Points:1,107,440 Joined:Apr 2008	Message Posted: Dec 1, 2012 12:08:08 PM Ignore mikesr100 Report Abuse Drill Baby Drill
EMoe57 Champion Author Jacksonville Posts:4,748 Points:1,042,540 Joined:Apr 2009	Message Posted: Dec 1, 2012 12:07:10 PM Ignore EMoe57 Report Abuse awesome
BeatOPEC All-Star Author Indianapolis Posts:870 Points:200,345 Joined:Apr 2011	Message Posted: Dec 1, 2012 12:04:55 PM Ignore BeatOPEC Report Abuse Prices are up 20% already? This isn't an answer because the market will just make NCG as expensive as gasoline.
nehemiah Champion Author Portland Posts:4,891 Points:957,115 Joined:Jul 2007	Message Posted: Dec 1, 2012 12:04:30 PM Ignore nehemiah Report Abuse more alternatives are good
GManCo Champion Author Colorado Springs Posts:5,126 Points:977,340 Joined:Sep 2010	Message Posted: Dec 1, 2012 12:04:21 PM Ignore GManCo Report Abuse In the free market, you drill to produce a product and sell it at a profit.
fordfan1 Champion Author Indiana Posts:9,227 Points:1,917,740 Joined:Jul 2007	Message Posted: Dec 1, 2012 12:03:27 PM Ignore fordfan1 Report Abuse Keep on building more of these rigs until Obama and his thugs at the EPA put a stop to it!!!!!
honkerman Champion Author San Jose Posts:45,186 Points:2,423,820 Joined:Jul 2004	Message Posted: Dec 1, 2012 12:01:11 PM Ignore honkerman Report Abuse Always drill to make money. Otherwise....why drill?
rippertoo Champion Author Tacoma Posts:5,890 Points:1,168,560 Joined:Jan 2010	Message Posted: Dec 1, 2012 11:59:34 AM Ignore rippertoo Report Abuse There are better alternatives than NG. We need to get away from carbon based energy.
bigmace111 Champion Author Albany Posts:2,858 Points:641,325 Joined:May 2011	Message Posted: Dec 1, 2012 11:59:25 AM Ignore bigmace111 Report Abuse We need a new source of energy to get away from gas and oil.
deputydog082 Champion Author Detroit Posts:1,905 Points:685,830 Joined:Apr 2011	Message Posted: Dec 1, 2012 11:58:56 AM Ignore deputydog082 Report Abuse we need to develop cng as an alternatve transportation fuel
bicycler Champion Author Ontario Posts:14,815 Points:2,598,445 Joined:May 2005	Message Posted: Dec 1, 2012 11:57:38 AM Ignore bicycler Report Abuse Natural gas is a wise fuel compared to others when one considers it to that we see at the familiar type we see along the roads.
TWS658 Champion Author Portland Posts:4,543 Points:950,875 Joined:Sep 2005	Message Posted: Dec 1, 2012 11:55:31 AM Ignore TWS658 Report Abuse Interesting.
Pramodsharma Champion Author Richmond Posts:2,099 Points:412,165 Joined:Feb 2012	Message Posted: Dec 1, 2012 11:54:36 AM Ignore Pramodsharma Report Abuse and our electricity bill jumped 35%
kuma2000 Champion Author Honolulu Posts:3,358 Points:700,875 Joined:Jun 2011	Message Posted: Dec 1, 2012 11:54:26 AM Ignore kuma2000 Report Abuse Just as in gasoline, it all stems from greed and profit - prices will go up.
Ken2OD Champion Author Grand Rapids Posts:9,208 Points:1,998,665 Joined:Dec 2005	Message Posted: Dec 1, 2012 11:50:50 AM Ignore Ken2OD Report Abuse Look what the article says at the end of the Third Paragraph, "The total dropped to 413 on Nov. 9, the lowest level since 1999." That would indicate that the overall total is steadily decreasing. NOT GOOD!
Bubba44612 Champion Author Ohio Posts:7,521 Points:1,903,210 Joined:Aug 2005	Message Posted: Dec 1, 2012 11:49:35 AM Ignore Bubba44612 Report Abuse Well prices are up.
sljbc475 Champion Author Tucson Posts:4,355 Points:899,100 Joined:Dec 2010	Message Posted: Dec 1, 2012 11:49:03 AM Ignore sljbc475 Report Abuse Put natural gas to use in long haul rigs.
Jamer Champion Author Las Vegas Posts:8,897 Points:1,662,985 Joined:Jul 2002	Message Posted: Dec 1, 2012 11:47:43 AM Ignore Jamer Report Abuse NO compressed NG bombs for me.
Wizrd03 Champion Author Illinois Posts:8,288 Points:1,659,060 Joined:Oct 2008	Message Posted: Dec 1, 2012 11:47:20 AM Ignore Wizrd03 Report Abuse SO???
gasmeup52 Champion Author Missouri Posts:1,460 Points:709,510 Joined:Jan 2011	Message Posted: Dec 1, 2012 11:45:46 AM Ignore gasmeup52 Report Abuse Cool.
NanookAK Champion Author Anchorage Posts:7,413 Points:1,467,740 Joined:Nov 2007	Message Posted: Dec 1, 2012 11:45:46 AM Ignore NanookAK Report Abuse Still a long way to go.
JagXKR Champion Author British Columbia Posts:3,288 Points:1,117,665 Joined:Dec 2009	Message Posted: Dec 1, 2012 11:45:01 AM Ignore JagXKR Report Abuse I totally agree with others, price goes up with demand.
Chadgas Champion Author Missouri Posts:1,113 Points:2,201,425 Joined:Feb 2006	Message Posted: Dec 1, 2012 11:43:53 AM Ignore Chadgas Report Abuse Lets hear it for NG
njerald Champion Author Seattle Posts:7,954 Points:1,648,825 Joined:Oct 2007	Message Posted: Dec 1, 2012 11:43:39 AM Ignore njerald Report Abuse Right on, screw the Liberals.
seahawks Champion Author Washington Posts:3,321 Points:1,984,050 Joined:Sep 2005	Message Posted: Dec 1, 2012 11:42:52 AM Ignore seahawks Report Abuse lets keep on drilling!!!
Grismer Champion Author Kitchener-Waterloo Posts:8,669 Points:1,750,770 Joined:Apr 2008	Message Posted: Dec 1, 2012 11:41:22 AM Ignore Grismer Report Abuse The increased use of natural gas can reduce the consumption of coal and oil as primary energy sources. However, much more care must be taken to ensure that domestic price remains affordable since many consumers rely on natural gas as an essential home heating source.
oppdetcon Champion Author Ottawa Posts:1,536 Points:524,730 Joined:Feb 2011	Message Posted: Dec 1, 2012 11:40:47 AM Ignore oppdetcon Report Abuse As demand climbs, so will the price...
trekmanKY Champion Author Kentucky Posts:1,125 Points:364,185 Joined:Mar 2012	Message Posted: Dec 1, 2012 11:40:06 AM Ignore trekmanKY Report Abuse I don't use nat gas!
mreiff Champion Author Louisville Posts:5,488 Points:1,330,415 Joined:May 2009	Message Posted: Dec 1, 2012 11:40:00 AM Ignore mreiff Report Abuse Go CNG!
SandeeC Champion Author Ontario Posts:3,124 Points:476,535 Joined:Apr 2011	Message Posted: Dec 1, 2012 11:39:38 AM Ignore SandeeC Report Abuse Me too, JoeKR.
zimowski Champion Author San Jose Posts:6,806 Points:1,611,190 Joined:Nov 2007	Message Posted: Dec 1, 2012 11:39:11 AM Ignore zimowski Report Abuse Seems like the U.S. already has a surplus of natural gas.
gman617 Champion Author Illinois Posts:1,118 Points:297,200 Joined:Jul 2012	Message Posted: Dec 1, 2012 11:37:39 AM Ignore gman617 Report Abuse fine then
sit Champion Author Cleveland Posts:5,330 Points:1,958,945 Joined:Feb 2006	Message Posted: Dec 1, 2012 11:37:30 AM Ignore sit Report Abuse yes to nat gas.
geezrtek Champion Author Michigan Posts:2,048 Points:449,760 Joined:Apr 2011	Message Posted: Dec 1, 2012 11:36:26 AM Ignore geezrtek Report Abuse Has the price for natural gas bottomed out?
JoeKR Champion Author New Jersey Posts:9,604 Points:1,761,590 Joined:Feb 2006	Message Posted: Dec 1, 2012 11:33:14 AM Ignore JoeKR Report Abuse It would be most interesting to see a breakdown of where the added dollars go when gas prices rise.
HawaiianGuy Champion Author Idaho Posts:9,660 Points:3,105,615 Joined:May 2003	Message Posted: Dec 1, 2012 11:32:46 AM Ignore HawaiianGuy Report Abuse My natural gas bill has dropped at least 4 times in the past 3 years, and my gas company just announced yet another price reduction. I couldn't be happier!
TRAIN RIDER Champion Author San Bernardino Posts:9,217 Points:2,784,545 Joined:Oct 2004	Message Posted: Dec 1, 2012 11:32:18 AM Ignore TRAIN RIDER Report Abuse Natural gas is at the moment at a good price.
Black Wagon Champion Author Illinois Posts:7,447 Points:1,828,745 Joined:Mar 2004	Message Posted: Dec 1, 2012 11:31:57 AM Ignore Black Wagon Report Abuse Didn't lower gas prices much though.
pacecar68 Champion Author Oakland Posts:4,762 Points:887,470 Joined:Jan 2007	Message Posted: Dec 1, 2012 11:31:47 AM Ignore pacecar68 Report Abuse ok.
Romey08 Champion Author Virginia Posts:6,412 Points:1,457,205 Joined:Apr 2008	Message Posted: Dec 1, 2012 11:31:27 AM Ignore Romey08 Report Abuse CNG has the best value for energy usage
buzzieNY Champion Author Buffalo Posts:3,025 Points:662,055 Joined:Jun 2011	Message Posted: Dec 1, 2012 11:29:57 AM Ignore buzzieNY Report Abuse Interesting. . .
rrs517 Champion Author Colorado Posts:1,060 Points:371,205 Joined:Apr 2006	Message Posted: Dec 1, 2012 11:29:11 AM Ignore rrs517 Report Abuse "Steadily improved" in the past 3 months after a 2-year government imposed decrease should really make us feel good? Hmmm, must be the new normal.