M-U Drillers Learn How to “Walk the Line” When/Not to Drill

In the early days of the shale revolution, Marcellus/Utica drillers (all shale drillers) were incentivized by shareholders to drill at any cost. The philosophy was "drill baby drill," believing pipelines would somehow get built to handle the increasing production volume. Over the past three years or so, since about the time the pandemic began, things have changed. Instead of "drill baby drill," the rallying cry is now "curtail volumes," "delay completions," and "game-time decisions." M-U producers have learned to "walk the line" of matching production with local demand, storage, and firm pipeline capacity.

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