Big Dog's Boom Boom Room Message Board

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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: Bearcatbob who wrote (182841)	3/3/2014 10:33:31 AM
From: isopatch	Read Replies (1) of 206334

I've not seen an accurate count of shut-in Marcellus wells, awaiting pipeline construction. Estimates I've read and grapevine talk, out here in the producing region, is it's a large number (somewhere up in the hundreds). What's important is that none of these wells have even begun their decline curve. As that backlog comes on line, it reduces the need for new drilling for, at least, the rest of 2014 Big demand continues to be for pipeline construction workers, not rig crews. Until that changes? Drilling will pick up, ALA we stay above $4. But, no new drilling boom, yet.

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