News - Monthly Archives: February 2017
Low Natural Gas Prices
The recent spike in natural gas prices may have helped numerous drilling companies avoid disaster. Often, natural gas companies involved in drilling in the Marcellus Shale in West Virginia lease mineral rights from landowners and sign contracts to provide natural gas to third parties. When natural gas prices are low, drilling companies may have difficulty seeing profit due to price suppression. Yet those companies may feel compelled to continue drilling and supplying natural gas based …