The Post Gazette has more details on how low gas prices are affecting local gas drilling. Included is a longer list of drillers who are slowing down and a map of the so called wet/dry gas line.
From The Post Gazette
Showing posts with label Consol Energy. Show all posts
Showing posts with label Consol Energy. Show all posts
Friday, February 03, 2012
Wednesday, February 01, 2012
Low Gas Prices Force Drillers to Shut Down Wells
Governments counting on the cash and jobs bonanza from shale drilling might soon be out of luck, as a long period of very low gas prices is causing drillers to shut down wells.
Chesapeake Energy, Conoco-Phillips, Noble Energy and Consol Energy have all announced plans to cut back spending and close off wells.
Low prices deflate natural-gas rush
People looking at the falling prices, were wondering how long the drilling boom could go on. Unlike, coal or oil, gas is almost impossible to ship without a pipeline, creating a very localised market.
Chesapeake Energy, Conoco-Phillips, Noble Energy and Consol Energy have all announced plans to cut back spending and close off wells.
Low prices deflate natural-gas rush
People looking at the falling prices, were wondering how long the drilling boom could go on. Unlike, coal or oil, gas is almost impossible to ship without a pipeline, creating a very localised market.
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