There’s been a lot of talk about how natural gas is poised to make moves in 2013. Looking at the amount of natgas rigs out there, we see that rig count increased by 11 on a week-over-week basis according to data from BHI. That’s the biggest week-over-week increase since September 2011. 4 rigs were added in the PA Marcellus and 3 gas rigs were added in Louisiana. Energy Sector Head Kevin Kaiser notes that the best way to play the resurgence in natgas drilling is to go long pressure pumpers like C&J Energy Services (CJES).
