Small drilling companies find a way to stay afloat during market downturn
Tuesday, June 28, 2016
According to Pittsburgh Tribune-Review, big drilling companies were predicted to fare the downturn well as long as they had established operations in core shale areas, while smaller companies were predicted to be merged with others.
However, some small companies, including EdgeMarc, Apex and PennEnergy Resources, have been careful with production in order to stay in operation. The source reports that small companies without debt and without many expenses should be able to survive until commodity prices rise.
Read more: Pittsburgh Tribune-Review > Smaller, private flex leaner muscles during downturn
Leave a Comment
Marcellus & Utica Shale Well Map
Additional Shale Maps
Shale FAQ
What are mineral rights?
Mineral rights are the rights of the owner of the property to mine or produce any resources below the surface of the property. Mineral rights are different from surface rights.
Will I get free natural gas if I allow fracking on my property?
Maybe. It depends on your particular lease agreement. Some companies allow property owners a yearly free gas allowance. But, the process of connecting your property to the gas source may be more complicated. Some companies will provide a hookup, others require the landowner to provide one.