February 2012
Special Focus
2012 Forecast: U.S. gas well count declines as majority of rigs drill for oil
Henry Hub spot gas prices fell about 9% in 2011, to just short of $4/Mcf, reaching the second lowest annual average price since 2002. This drop has continued and accelerated the shift toward liquids-rich drilling, with the number of rigs targeting gas dropping 12.3% since 2010.
