Less Spending & Drilling Ahead in M-U for Balance of 2019

Month after month Marcellus/Utica production continues massive grow at around one-third of a billion cubic feet (see EIA May ’19 Drilling Report: Shale Gas Production Passes 80 Bcf/d). We periodically hear the meme that such growth can't last forever--that "any day now" drillers will have to scale back production. Until now, there's been plenty of demand to sop up the extra production coming from the M-U, mostly due to exports. But growth in the amount of M-U gas getting exported may be about to stall...

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