UPDATE 1-Weak prices drive US natgas drilling ri
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Posted On: 02/26/2012 8:32:31 PM
UPDATE 1-Weak prices drive US natgas drilling rigs to 29-mth low
* Natgas rig count at lowest since September 2009 * Gas-directed rig count slips for seventh week * Horizontal rig count gains for first time in 4 weeks * Oil rigs slip from near 25-year high By Joe Silha NEW YORK, Feb 24 (Reuters) - The number of rigs drilling for natural gas in the United States fell for the seventh straight week this week as producers continued a slow dry gas drilling operations in the face of low prices. The gas-directed rig count slipped by six t
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