A lot of folks are wondering if North American rigs might be the driving force? I don't know. But this might provide a clue:
Oil & Gas Journal is reporting that:
Far East Energy Corp., Houston, is operating 18 rigs with 4 more enroute to its 418,500-acre Shouyang coalbed methane field on the Shouyang PSC in Shanxi Province southwest of Beijing, China.
The company spudded 7 new wells in the past 12 days, bringing to 23 the number of wells spudded in 2013. Five other wells reached total depth in the past 12 days, including 1 well that was drilled to TD in 12 days.There are so many stories out there, so many opportunities.....
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