"There is going to be some softness in the natural gas
markets," he told investors during an earnings call. Henry Hub
natural gas futures were trading around $2.439 per mmBTU
on Thursday, down from nearly $4.40 per mmBTU at the start of
the year.
(Reporting by Liz Hampton in Denver)
Feb 9 (Reuters) - Some rigs focused on drilling natural
gas outside of the northeast United States may be let go amid a
nearly 50% decline in prices, oilfield firm Patterson-UTI's chief executive said on Thursday, while oil-focused
regions will see work pick up.
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