Appalachian Apocalypse: Producers Fight to Survive in Low-Price Environment
Attachment: Appalachia Gas Price, Appalachia Production
SUGAR LAND--February 13, 2020--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--U.S. natural gas producers had a brutal 2019, but nowhere was the pain as pronounced as in the Appalachian region, which includes the Marcellus and Utica shales.
Across the nation, gas prices across the U.S. fell about 25% compared to 2018, and the carnage has continued into 2020, as gas futures prices fell below $2 per million British thermal units (MMBtu) in mid-January and have stayed there for three weeks.
Companies featured: Chevron (NYSE:CVX), Montage Resources (NYSE:MR), EQT Corporation (NYSE:EQT), Cabot (NYSE:COG)
