Everyone,
Just wanted to update you on why WPX and other companies (XTO, CHK, RANGE, etc..) are putting a hold on drilling or leasing anyone else up in Dry gas areas! With the NAT GAS price sitting around 2.40 on the market, companies are looking for Wet gas in the Western areas of PA, WV and OH. I talk to the landman for WPX the other day, He explained to me that WPX is not moving out of the area, just stop taking new leases for a few months. until the demand for NAT GAS comes up, there on a hold.
Tags:
© 2024 Created by Keith Mauck (Site Publisher). Powered by
h2 | h2 | h2 |
---|---|---|
AboutWhat makes this site so great? Well, I think it's the fact that, quite frankly, we all have a lot at stake in this thing they call shale. But beyond that, this site is made up of individuals who have worked hard for that little yard we call home. Or, that farm on which blood, sweat and tears have fallen. [ Read More ] |
Links |
Copyright © 2017 GoMarcellusShale.com