The Pennsylvania Marcellus rig count ended 2020 at its lowest for the year. There were 18 shale rigs working in mid-December, down from 25 at the same point in 2019. Oil and gas data provider Enverus (used to be called Drillinginfo) cautions we should not look for drillers to add rigs in 2021, even if the price of natgas goes higher. Enverus says PA’s Marcellus drillers have (our words) learned their lesson.
The Pennsylvania Marcellus rig count ended 2020 at its lowest for the year. There were 18 shale rigs working in mid-December, down from 25 at the same point in 2019. Oil and gas data provider Enverus (used to be called Drillinginfo) cautions we should not look for drillers to add rigs in 2021, even if the price of natgas goes higher. Enverus says PA’s Marcellus drillers have (our words) learned their lesson.