Rigs Drilling Gas Wells Are At All-Time Highs

Drilling Rigs 1/2/98 - 1/19/01

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• 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.