Made By Farm and Dairy

Shale slowdown predicted to continue in 2016, but Utica pickup is likely

Thursday, January 7, 2016 by

0 Comments

The shale slowdown that lasted all of 2015 will likely continue this year, according to  Crain’s Cleveland Business. However, oil and gas industry leaders believe that drilling will pick back up again in the Utica shale.

In Ohio’s Utica shale, producers are able to drill more quickly for less money than in other shale regions. And drillers say that the Utica and Marcellus plays alone could support the country’s natural gas needs.

Crain’s Cleveland Business says Ohio may be better off than other shale-producing regions of the U.S. since pipelines are still being constructed and prices will eventually rise. Industry experts predict that drilling may pick up in the second half of this year, but at a slower rate than when drilling first began.

Via: Crain’s Cleveland Business > ‘Brutal’ times for shale industry likely will continue in 2016

Subscribe to our mailing list

Get exclusive headlines from ShaleGasReporter.com emailed once a week (every Wednesday morning).

It's Free!

Leave a Comment

About Shale Gas Reporter

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.

© Copyright 2024 - Farm and Dairy