Appalachia Drillers Stretch Lateral Lengths To Improve Economics
With the 12-month forward strip for natural gas averaging $2.29/MMBtu in the first half of 2020, major Appalachia operators have been forced to drive well costs lower in a bid to support activity and maintain production under razor-thin margins. Rig counts in Appalachia dropped 48% from a year ago to 33, and the deterioration of […]