Replies to post #6245 on Velocityshares 3X Inverse Natural Gas Etn (DGAZ)

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Rig count on the rise for last 2 months

Trey Cowan senior industry analyst, Platts RigData, a forecasting unit of S&P Global Platts.


"To this end, Platts RigData expects more than 11,000 U.S. oil & gas wells to be drilled during 2017. That would be an improvement of 25% year over year versus our 8,900 well spud estimate for 2016."

The worldwide rig count for August 2016 was 1,547, up 66 from the 1,481 counted in July 2016

http://www.nasdaq.com/press-release/sp-global-platts-rigdata-us-rig-count-to-grow-by-nearly-30-in-2017-20160930-00798



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