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More Frack Crews Now Active in the Marcellus than the Permian!
This has to be a first in the modern shale era. There are now more active fracking crews working in the Marcellus Shale than in any other shale play, including the oily Permian. There are 450 fracking fleets available in the U.S., but only 70 of them are active right now. The Marcellus is using 31% of those active fleets, while the Permian is using 30%. We never thought we’d live to see the day!
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It had to happen sooner or later. Pennsylvania’s Independent Fiscal Office (IFO) released its latest quarterly Natural Gas Production Report for January through March 2020 (full copy below). It shows natgas production in PA rose 6.8% compared to the same period last year. However, overall production fell compared to 4Q19’s record high, breaking a streak that went back 3.5 years.
For the past month or so MDN has brought you rig count data from Enverus (formerly Drillinginfo) each Friday. Last Friday we reported the count had hit a new modern-day low, and that the Marcellus had lost another couple of rigs, making it a total of seven lost rigs in the Marcellus over a three week period (see 
It’s kind of a mystery. The supply of natural gas produced in the U.S. has been declining over the past few months. Oil drillers are laying down rigs (historic lows for rigs in the oil patch), and companies are shutting in oil wells–all of which means there’s less associated natural gas being produced. M-U drillers like EQT (the largest natgas producer in the U.S.) are curtailing huge quantities of their production (see 
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