Where are the drilling rigs in Pennsylvania?
Where are the drilling rigs? Were we not supposed to see more drilling activity starting this year? Is supply glutted now? Has demand not increased as forecast? Are pipelines operating at peak capacity? Is it solely a matter of needing more pipelines? With local upcoming AI & natural gas electricity generation facilities it seems that regional pipelines will be adequate.
Are gas companies choosing to operate solely in maintenance mode now? Drill new wells only as needed to maintain production levels. Given that a new pad with new wells may take two years to create, does it not it seem that now is the time to add more wells?
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Replies to This Discussion
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Permalink Reply by farmgas
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From a distance it sure has appeared that Tioga County has become the hot spot for drilling in the northeastern side of PA. let`s hope this continues. Are these Marcellus or Utica wells being drilled?
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Permalink Reply by farmgas
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Just wondering, recently the CEO for Huntley & Huntley mentioned that gas companies might pursue Utica, as well as, Marcellus gas in lower EUR areas leading into NE PA as Tier 1 areas decline in Westmoreland County.
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Permalink Reply by Kambe
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well, this news could have some impact. See Link Penn Energy Capital Boost
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