US EditionUS Gas Rigs Spike as E&Ps Seize on Price, Demand Dynamics
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US Gas Rigs Spike as E&Ps Seize on Price, Demand Dynamics
Author Mark Davidson, Washington|Editor–Everett Wheeler|Energy Intelligence Group| The number of active US gas rigs spiked this month to a two-year high, driven by private operators positioning themselves for the impending boom in LNG and data center demand. While oil rigs have fallen 14% over the past year to 415, according to data from Baker Hughes, gas rigs have risen 22% to 122 — including a jump of 14 over the past two weeks alone. That dyn…
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