Natural Gas Prices and Drilling Drop

Drillers cut natural gas production as prices drop

Sunday, Feb 12, 2012  |  Updated 2:14 PM CDT
View Comments (
)
|
Email
|
Print
Natural Gas Prices and Drilling Drop

NBCDFW.com

A natural gas well drill site against the Fort Worth skyline.

advertisement

As natural gas prices continue to drop, the recent nationwide boom in drilling is slowing. 

Several companies have said in recent weeks they plan to cut back production, but experts say the low prices are also opening up new markets.
 

Kathryn Klaber, president of the Marcellus Shale Coalition, says there will be fewer natural gas wells drilled in 2012.
 

Yet Klaber says that even as drillers are pressured by low prices, the cost creates opportunities for more people and industries to use the product.

Get the latest headlines sent to your inbox!
View Comments (
)
|
Email
|
Print
Leave Comments
What's New
Get NBCDFW on Mobile!
Get NBCDFW's free news and weather... Read more
Follow Us
Sign up to receive news and updates that matter to you.
Send Us Your Story Tips
Check Out