Author Topic: Side Effect of Rising Oil Drilling: Indigestion for Gas Frackers  (Read 375 times)

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Online Free Vulcan

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Higher oil prices are helping many American shale drillers. But they are hurting companies that frack for natural gas.

As companies respond to rising oil prices by drilling more for it, they often unearth gas as a byproduct. That has further weighed on already low gas prices, pressuring shale frackers in regions that primarily produce gas.

The average share price for the five top companies focused on the oil-rich Permian Basin in Texas and New Mexico are up more than 16% over the past year. Share prices for the top five producers focused on the Marcellus Shale in Appalachia, the country’s largest deposit of natural gas, are down more than 9%.
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Offline IsailedawayfromFR

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Re: Side Effect of Rising Oil Drilling: Indigestion for Gas Frackers
« Reply #1 on: June 13, 2018, 06:39:55 PM »
Better get used to it.

Lot more gas in US than oil.
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