Plunging Natural Gas Prices Is Bad News for Drillers ...Middle East

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Plunging Natural Gas Prices Is Bad News for Drillers
source : OILPRICE ( Middle East ) () 57
1. Plunging Natural Gas Prices Is Not Good News for US Oilmen- The once red-hot labor market for oil services and drilling firms has been contracting in recent months, mostly driven by a pronounced decline in natural gas drilling amidst slumping Henry Hub prices. - According to the Energy Workforce & Technology Council, some 4,680 oilfield jobs have been lost in the past two months, a reversal of a two-year trend that saw almost continuous growth in drilling jobs. - The soon-to-be largest US natural gas producer Chesapeake announced this week…

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