“Dramatic” Scale Back in Marcellus/Utica Drilling – Rigs Idled

Over the past several weeks we’ve seen a flurry of quarterly updates for Marcellus and Utica Shale drillers. While the news hasn’t been all bad, a lot of it has been bad–and a lot of the news is about how these companies are spending less to drill in 2016 than they did in 2015. We’ve also seen the continuing downward trend in the number of active drilling rigs–both here in the northeast and across the country. All of that combines to a “dramatic” scale back for drillers in the Marcellus/Utica, according to a Sunday article in the Pittsburgh Tribune-Review. In fact, some of what had been (until recently) the biggest drillers in our region have zero rigs operating right now. Which ones?…

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