March 28, 2013 at 13:40 PM EDT
UPDATE 1-U.S. natgas rigs fall to new 14-year low -Baker Hughes
* Gas-directed rig count slides to new 14-year low * Horizontal rig count falls to lowest in nearly 20 months NEW YORK, March 28 (Reuters) - The number of rigs drilling for natural gas in the United States fell this week to the lowest since May 1999, as producers continued to pull back from dry gas drilling despite strong price gains over the last five weeks. The gas-directed rig count, which slid this week by 29 to 389, easily eclipsed the previous 14-year low of 407 posted three
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