Drilling suspended
Our local T.V. station reported that Chesapeake will suspend all drilling in Pa. this year because of the low price of gas. Also reported that CHK lost 15 billion in 2015 and will not resume drilling until the price of gas rises, any feedback on this report
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Permalink Reply by paleface on
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I think all the gas companys are doing the same.Just drilling to hold leases.
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Permalink Reply by Mike Murphy on
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CHK is just one of a long list suspending drilling Southwestern has stopped drilling Stone energy stopped 6 month ago few companies are still drilling and I expect soon they all wll suspend drilling and focus more on getting wells that are drilled online for sales,,,,,re are hundreds of drilled wells waiting to go into production
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pig dung replied to Theresa Kolk's discussion 'What's going on in your area?? any info???' in the group Tioga County, PApig dung replied to Theresa Kolk's discussion 'What's going on in your area?? any info???' in the group Tioga County, PA
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