Too few pipelines and low prices influence shale production in Pennsylvania
Wednesday, September 9, 2015
A lack of pipeline infrastructure in Pennsylvania has caused oil and gas drillers to cut back on production, limit new well drilling and reduce the number of rigs to survive the glut in prices.
Pittsburgh Tribune-Review reports that the pipeline shortage could cause natural gas prices to dip to around $1 per thousand cubic feet since the gas can’t get to higher-demand markets.
During the first half of 2015, 42 percent fewer shale oil and gas wells were drilled compared to the same time period of 2014. Drilling is expected to decline throughout this month, according to the U.S. Energy Information Administration.
Via: Pittsburgh Tribune-Review > Shale gas production in retreat amid low prices, shortage of pipelines
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