World Oil is out with a wide ranging forecast for what will happen for the balance of 2015 in the upstream (drilling) sector of the oil and gas industry. Using surveys of both major and smaller drillers, World Oil confirms what we already knew: driller will spend less in 2015 than they did in 2014 on drilling new wells–on average 34.2% less (because of low commodity prices). World Oil takes a look at the regional impact and offers the following insight into what’s coming for both Pennsylvania and Ohio for the balance of 2015 (hint: PA drilling won’t feel the affects as much as OH)…
