19 April 2024
US rig counts falling, but oil and gas production forecast to grow
Publication date: 02 March 2015
Gas Strategies Group
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The US oil rig count fell to a fresh three-year low at the end of last week, while gas rigs slipped to their lowest figure since 1993, according to Baker Hughes. But the US Energy Information Administration (EIA) still expects oil and gas production to rise over the next year.