Today's factoid of note... when it comes to drilling for oil and gas of course, Seeking Alpha points out that the overall rig count is increasin
g. No surprise there right? Pennsylvania is being overrun with new drilling rigs all around. But find the line:
The number of vertical drilling rigs was up 15 to 527. On the other hand, horizontal/directional rig count (encompassing new drilling technology that has the ability to drill and extract gas from dense rock formations, also known as shale formations) fell by 8 to 1,134. (emphasis added)
What's up with that?