Rigs Counts and Natural Gas -- Two-Part Series

Link from SeekingAlpha.com.

Part I:

The examples and discussion [in Part I] illustrate that it may be precarious to rely on a simplistic historical correlation between the rig counts and production to derive supply forecasts. To be a meaningful tool in future production estimation, the rig count requires a granular, play-by-play analysis and careful interpretation.

I assume Part II will be forthcoming.