Slide 10 of 10
Notes:
- Rigs drilling for gas wells hit a weekly low point of 362 in mid April 1999.
- Gas rigs in operation have more than doubled since then, hitting a record of 887 as of January 19, 2001.
- The increasing number of resulting gas well completions have been expanding production in major producing States, such as Texas.
- For the year 2000, dry gas production is estimated to have increased by 1.2%. However, recent estimates show a greater response–fourth quarter production is up 4.4% over the same period in 1999.
