M-U Drillers Begin to Increase Activity, but No New Pipes

According to an extensive article appearing in the Pipeline & Gas Journal, "the oil and gas industry [in the Marcellus/Utica] is ready to pick up where it left off in 2019." The Ohio Oil & Gas Association (OOGA) says "2021 is looking up." However, nobody in the midstream is planning to build new pipelines anytime soon. That spells trouble ahead for prices. Increasing production without new pipeline capacity to transport the increased production to other markets equals stagnant (or even falling) prices.

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