Natural Gas Futures Lowest Since 1998; Rig Counts Lowest Since 1987

by Mike ‘Mish’ Shedlock
Mish Talk

Natural gas prices have fallen to a 17-year low. The number of drillers that can remain profitable at these prices has also collapsed.

There’s only 97 rigs operating today compared to 900 about five years ago. This is the first dip below 100 rigs in three decades.

Natural Gas Monthly Chart

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