Natural Gas Rig Count Falls to 18-Year Low

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From Reuters:
NEW YORK, May 10 (Reuters) - The number of rigs drilling for natural gas in the United States fell this week for the third straight week, hitting its lowest level in nearly 18 years as producers continued to pull back from dry gas drilling. 
The gas-directed rig count slid by four this week to 350, its lowest since June 1995, when the count stood at 340, data from Houston-based Baker Hughes showed on Friday. 
Producers have mostly been curbing dry-gas drilling in favor of more profitable oil and liquids-rich plays such as Eagle Ford in Texas and Marcellus in Appalachia.
Read the whole report here. 

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