All good things must come to an end, as they say. Although shale gas production has continued to increase in the Appalachian Basin for the better part of a decade, it looks like things are finally leveling off, according to the Observer-Reporter.

While natural gas production records are still being set month-to-month, commodity prices are half of what they were a year ago. Meanwhile, supply has been outpacing demand creating a serious glut and causing energy firms to cut costs even more.

Amid the low prices and oversupply, companies are shuttering drill sites, filing for bankruptcy protection, laying off employees and curtailing operations. These moves have become commonplace in Pennsylvania, West Virginia and Ohio. Over the past year, the number of drilling rigs operating in Pennsylvania alone has plummeted from 47 to 24.

Learn more: Observer-Reporter > Once booming industry, natural gas is in midst of a bust