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E&Ps are issuing significant new debt and equity, the US Energy Information Administration said. Financial information released by publicly traded independent US E&Ps show companies issued $4.4 billion of new debt and equity in March 2021 -- the most since August 2020. The reasons for this include taking advantage of increasing crude prices as well as low interest rates. * * * US rig counts were down by one last week bringing the total to 438, down 27 from a year ago, according to Baker Hughes. Gas-directed rigs were unchanged at 94 and are up nine from a year ago. The US oil rig count was down by one, bringing the total to 343 rigs, which is down 35 rigs from a year ago (Rig Count).

Exploration, Gas Inventories, Gas Prices, Electricity Prices
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