Pennsylvania’s Marcellus Shale ends 2020 with fewer natural gas rigs
Wednesday, December 30, 2020
Pennsylvania’s Marcellus Shale will close 2020 with the lowest natural gas rig count of the year and well below where it started the year prior to the outbreak of the COVID-19 pandemic, oil price wars and overall economic strain, according to WPXI.
According to Bakers Hughes there were an average of 18 rigs in Pennsylvania in the middle of December. A year earlier, there were 25.
The rig reduction is a result of natural gas producers, such as EQT Corp. and CNX Resources Corp., dialing back production amid a price collapse impacted by lower demand as a result of the coronavirus pandemic.
Learn more: WPXI > Pennsylvania natural gas industry ends 2020 with fewer rigs drilling in Marcellus
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