Oil Drilling in U.S. in Decline, but Gas Drilling Remains Strong

As we have noted recently in a number of posts, it appears we're heading into a dip of drilling activity--not only in the oil plays but also here at home in the Marcellus/Utica (see Trend: Marcellus/Utica Drillers Will Drill Less in 2019). However, a recent analysis piece by S&P Global Platts says while oil-focused drilling is objectively in decline (lower rig counts), overall gas-focused drilling, so far anyway, remains strong.

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