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Counter Punches

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Leslie Haines
July 1, 2012

It is easy to bemoan the low price of natural gas and the dampening effect that is having on E&P companies, their common-stock holders and royalty owners in the Haynesville, Fayetteville and so on. As of June 8, the U.S. oil rig count had risen in 20 of the past 21 weeks, per Smith Bits data cited in a Barclays report. The total amount of oil drilling had gone up 62% year-over-year, while the gas rig count hit a 13-year low.

Until we find markets for all that gas the ...

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