Seneca Res. Keeps 1 Rig Drilling in PA; Details on Their Program

Seneca ResourcesThe Philadelphia Inquirer has published yet another “it’s really bad in the gas industry” articles–news they obviously delight in sharing. However, amid the bad news of fewer jobs and businesses falling on hard times, we spotted some good news in the article: Seneca Resources continues to operate a single drilling rig in Pennsylvania. It would be easy to idle the rig and layoff the people running it–but they’ve kept it going, to their credit. So we’d like to celebrate a little good news amid plenty of bad news. The excerpted article below highlights the story of the guy supervising that lone, still-operating Seneca rig. Along the way we get some interesting inside details about how long it takes Seneca to drill–and how much money it costs to drill a hole these days compared with just a year or two ago…

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