Oil Price Collapse Appears Over Already…Gas Price Impact?

What happens in the oil patch has a direct bearing on the financial health of gas drillers in the Marcellus/Utica, which is why we periodically cover happenings in oil. We’re now beginning to see articles with the theme that the oil price crash is already over. Yesterday West Texas Intermediate (WTI) closed at $32.50/barrel. Still not great, but a lot better than the negative $37.63 we saw a few weeks ago! However, does a higher price for oil automatically mean shale oil drilling will immediately return, and with it more associated gas keeping the price of natgas low?

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