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Strategies & Market Trends : Natural Resource Stocks

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From: isopatch	4/22/2021 3:03:51 PM
	2 Recommendations Recommended By sixty2nds Winfastorlose of 108507

Appalachian Basin NG industry news. Good luck finding any good news in the captive MSM. 1. < M-U Drillers Keep Spending Flat & Rig Counts Steady in 2021 4/22/21 Analysts with S&P Global Market Intelligence say that shale gas drillers in the Marcellus/Utica region have finally learned their lesson and are sticking to their promise to keep capital spending restrained this year–even with an increase in the price of gas. Both spending and rig counts are predicted to stay low this year as drillers work on boosting free cash flow and improving company share price.> marcellusdrilling.com 2.< PA Approves Another $4.4M in Grants for Local NatGas Pipelines 4/22/21 Pennsylvania’s Pipeline Investment Program (or PIPE) issues grants covering part of the cost for building new natural gas pipelines to connect homes and businesses, typically in rural parts of the state, to homegrown Marcellus Shale gas supplies. We’ve written about many of the PIPE grant projects in the past ( see our PIPE stories here). Five more PIPE grants totaling $4.4 million have just been awarded–in Adams, Indiana, Lebanon, Lycoming, and Northampton counties. That makes 35 total PIPE grants thus far.> marcellusdrilling.com

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