EIA: Less Drilling for Oil but More Production of Gas

摘要

A 16% decline in the number of active onshore drilling rigs in the Lower 48 states occurred between the weeks ending on October 31, 2014 and January 23, 2015, according to data from Baker-Hughes. But the Energy Information Administration (EIA) conceded in a recent brief that “moving from what has happened to forecasting the future is challenging, in part because market expectations of uncertainty in the price outlook have increased as reflected in the current values of futures and options contracts.”