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

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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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