RE: Gas Rig Count18 May 2023 12:18
Maybe this is the reason for drop in rig count.
According to this weeks OilPrice report
"Texas Natural Gas Prices Turn Negative. For the first time in almost three years, next-day natural gas prices at the Waha hub in Texas settled in negative territory this week, at -$0.35 per mmBtu, on the back of robust production of associated gas in the Permian basin as well as mild weather and pipeline maintenance."