Noble Energy to Idle Remaining Marcellus Rig Next Month

zeroNoble Energy, a driller with a massive joint venture with CONSOL Energy on 663,350 acres of Marcellus and Utica Shale leases in the northeast, has confirmed they are “cutting back” the number of rigs they operate in the Marcellus Shale due to “the current environment.” What “cutting back” means is that they will go from operating a single rig to operating no rigs beginning in the middle of the third quarter (which means next month). Two other Marcellus rigs operated by CONSOL Energy will go off line by the fourth quarter…

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