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When will shale drillers pick up drilling again?

Friday, May 20, 2016 by

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As is well known by now, low commodity prices that have driven the drilling slowdown are persisting, but companies are determining how and when to pick up the pace, Pittsburgh Post-Gazette PowerSource reports.

If companies pick up drilling too quickly, the commodity curve could be thrown off. Executives area drilling firms have varying strategies for the future.

The source reports that even though 60 percent of the rigs in the Utica and Marcellus shales were laid down in 2015, the region had been increasing its production because of the number of wells that had previously drilled but not completed.

Read more: Pittsburgh Post-Gazette PowerSource > Oil and gas firms consider when and how quickly to bring rigs on the ground

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Farm and Dairy, a weekly newspaper located in Salem, Ohio, has been reporting on topics that interest farmers and landowners since 1914. Through the Shale Gas Reporter, we are dedicated to giving our readers unbiased and reliable information on shale gas development.

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