Mystery: Rig Counts & New Wells Go Up, Gas Production Remains Flat

There's something of a mystery brewing--something nobody seems to be able to explain. Since January, the U.S. rig count has added 150 rigs--hitting the highest level of rigs active in the field since late 2019. In addition, new well counts are up, and more completions are happening. More rigs and more wells getting drilled and completed. Yet natural gas production this summer has evened out and is not increasing. Why?

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