Poolside Market Chat: If Record Heat Hasn’t Moved the Natural Gas Price Needle, What Will?
NGI’s Hub & Flow
The Permian Natural Gas Rate Count Is Down 5% Year Over Year
The natural gas rate count as of August 4th and this is according to Baker Hughes data, it was down to 128. So that's 20% below year ago levels. Obviously we're seeing a huge decline, 36% down year over year in the Haynesville. Marcellus is also down about 13%. And interestingly, the Permian is only down 5%. Of course, at the heart of the decline is prices.
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