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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