Analysts for months have predicted that natural gas production from the Marcellus shale would tail off as prices tumbled to 16-year lows and drilling activity slowed.
Month: March 2016
It is hard for a petroleum geologist like me to find good news in the drastic cuts in shale-gas drilling or the calls by some politicians for a moratorium on fracking, but there is at least one silver lining:
Natural gas is the cheapest it’s been in nearly two decades, and it could get even cheaper, thanks to U.S. shale drillers.
Additional expenses will hurt industry, state.
Pennsylvania’s Public Employee Retirement Commission was an unlikely target for budget hawks, with a staff of five and a budget of not quite a million dollars.
Low oil and gas prices are good for consumers.
Natural gas users in Northeast Pennsylvania will continue to see gas bills decline.