A few weeks ago MDN tackled the question of why natural gas producers, in general, are not drilling more given the high price of natural gas right now (see With NatGas Prices This High, Why Aren’t Producers Drilling More?). Today we’re back with additional enlightenment on that topic, focusing on Marcellus/Utica drillers in particular. Based on comments made yesterday by Range Resources’ COO Dennis Degner (see today’s companion article), it’s obvious that M-U drillers are not expanding their programs this year, and even next year, because of the shape of the “forward curve”…
A few weeks ago MDN tackled the question of why natural gas producers, in general, are not drilling more given the high price of natural gas right now (see 