4 Marcellus/Utica Drillers Earn Over $1 Billion in 1Q22

The oil and gas industry historically has been subject to wide swings in profits and losses. Some years are up, others are down. Ours is a "boom and bust" industry--let's just be honest about it. Oil and gas are both commodities and are driven, largely, by market conditions. When the government interferes by threatening banks to avoid investing in O&G, when there's a big increase in demand due to political events (avoiding Russian O&G because of the unprovoked Ukraine war), and when there's not enough supply to meet the demand, prices skyrocket, as they have done over the past six months. The recent up-cycle has been good for Marcellus/Utica drillers and the bottom line.

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