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.

Please Login to view this content. (Not a member? Join Today!)
You do not have permission to view the comments.

Please Login to post a comment