Friday, February 27, 2009

Update and correction of chart

I have updated the chart for Value's latest horizontal gas drilling rig data. I also corrected a slight error (I had the series a week later than it should have been). Clearly the horizontal gas drilling rigs are falling at an alarming rate. If this continues, the production is going to have to fall. With 30% depletion rates, you have to drill or production falls.

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