Geopolitics Alpha

U.S. Rig Count Slips to 601 as Natural Gas Drilling Declines and Permian Activity Rises

Published . Updated .

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ENERGYU.S. Rig Count Slips to 601 asNatural Gas Drilling Declines andPermian Activity RisesGEOPOLITICS ALPHA

This report is about natural gas and oilfield services.

Directly affected

  • No company is named in this report.

Indirectly affected

  • UNG United States Natural Gas Fund-13.5% 30d

    United States Natural Gas Fund: it follows natural-gas prices. Linked by “natural gas” (natural gas) in this story.

  • XLE Energy Select Sector SPDR+7.5% 30d

    Energy Select Sector SPDR: it follows natural-gas prices. Linked by “natural gas” (natural gas) in this story.

  • OIH VanEck Oil Services ETF+3.9% 30d

    VanEck Oil Services ETF: it holds drilling and oilfield-service firms. Linked by “rig” (oilfield services) in this story.

  • LNG Cheniere Energy+14.7% 30d

    Cheniere Energy (natural gas distribution): gas producers and exporters earn more when gas prices rise. Linked by “natural gas” (natural gas) in this story.

  • EQT Eqt-0.2% 30d

    Eqt (crude petroleum and natural gas): gas producers and exporters earn more when gas prices rise. Linked by “natural gas” (natural gas) in this story.

  • SLB Slb N.V+4.5% 30d

    Slb N.V (oil and gas field services): drillers get more work when oil companies spend more. Linked by “rig” (oilfield services) in this story.

  • KMI Kinder Morgan

    Kinder Morgan (natural gas transmission): gas producers and exporters earn more when gas prices rise. Linked by “natural gas” (natural gas) in this story.

  • HAL Halliburton+2.9% 30d

    Halliburton (oil and gas field services): drillers get more work when oil companies spend more. Linked by “rig” (oilfield services) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
UNG-10.79%-0.62%base-3.15%after closeafter closeafter close
XLE-4.15%-3.23%base+0.54%after closeafter closeafter close
OIH-3.37%-2.54%base+0.84%after closeafter closeafter close
LNG-10.18%-5.18%base-0.37%after closeafter closeafter close
EQT-5.70%-0.70%base+0.76%after closeafter closeafter close
SLB-2.01%-2.02%base+0.78%after closeafter closeafter close
KMI-6.46%-2.59%base-0.42%after closeafter closeafter close
HAL-2.84%-2.79%base+2.33%after closeafter closeafter close

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

U.S. Rig Count Slips to 601 as Natural Gas Drilling Declines and Permian Activity Rises EnergyNow.com

Source: EnergyNow.com

Energy

CompanyWhenMoveStatus
EQTthat day+0.76%still updating
EQTthree days earlier-0.70%final price
EQTfive days earlier-5.70%final price
HALthat day+2.33%still updating
HALthree days earlier-2.79%final price
HALfive days earlier-2.84%final price
KMIthat day-0.42%still updating
KMIthree days earlier-2.59%final price
KMIfive days earlier-6.46%final price
LNGthat day-0.37%still updating
LNGthree days earlier-5.18%final price
LNGfive days earlier-10.18%final price
OIHthat day+0.84%still updating
OIHthree days earlier-2.54%final price
OIHfive days earlier-3.37%final price
SLBthat day+0.78%still updating
SLBthree days earlier-2.02%final price
SLBfive days earlier-2.01%final price
UNGthat day-3.15%still updating
UNGthree days earlier-0.62%final price
UNGfive days earlier-10.79%final price
XLEthat day+0.54%still updating
XLEthree days earlier-3.23%final price
XLEfive days earlier-4.15%final price

Trades by members of Congress and officials in the stocks in this story

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

How solid the energy case looks

12 out of 100Price not final

“U.S. Rig Count Slips to 601 as Natural Gas Drilling Declines and Permian Activity Rises” scores 12 out of 100. The score uses 1 sources. The price is not final yet.