Several natural gas drilling companies (Chesapeake, CONSOL, Talisman…) have opted to scale back operations recently, due to low gas prices and an unseasonably warm winter. Are there more to follow? Moreover, what impact will such market dynamics have upon the Marcellus and Utica Shale Plays, specfically? If scale-backs are indeed required will energy companies trim proportionally across all gas fields… or shift resources from one region to another? In either case, how will the Marcellus-Utica region fare?
We will be monitoring these industry changes closely. Below are a few articles linking to stories relevant to this topic.
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Chesapeake Energy Scales Back Marcellus Drilling
CENTRAL PENN BUSINESS JOURNAL
By Tim Stuhlbreher
January 23, 2012
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Talisman slashes size of Marcellus Shale drilling program
PLATTS
February 15, 2012
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