CONSOL Energy: Utica Drilling May Soon Replace Marcellus Drilling

You've been replacedThe writers at NGI–Natural Gas Intelligence–continue to pump out hit article after hit article. (Full disclosure: MDN editor Jim Willis works part time for NGI on the marketing side. But hopefully by now you know that Jim doesn’t offer false praise for friend or foe. He always calls ’em like he sees ’em.) The latest article we’re excited about is one about a potential shift among Marcellus drillers in southwestern PA and WV–a shift away from Marcellus drilling, potentially replacing it with Utica drilling. Yes, you read that right. No, not all Marcellus drilling will suddenly stop–but in a continuing low-cost gas environment where every dollar counts, drillers are rethinking their strategies and where they will spend precious capital dollars. The recent blockbuster Utica well drilled by EQT in southwestern PA is catching everyone’s attention (see EQT’s 1st Utica Well Shatters Record – 72.9 MMcf/d IP Rate!). That one well changed the course of EQT’s drilling program (see EQT Releases Data on Biggest Utica Well Ever; Dumping UD Drilling). Other drillers, like CONSOL Energy, are seriously considering dumping Marcellus drilling in favor of Utica drilling…

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