A 500-rig cut may be delivered within 60 days, she adds.
Natural-gas prices are unchanged and expectations are for no change—or improvement. Yet, down-trading E&Ps on lower oil prices is dragging gassy names down too.
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According to recent data, slumping oil prices are putting pressure on U.S. drillers.
Commercial production is expected to begin in the country during 2016.
Following years of breakneck growth in US oil production, the effects of the country's shale oil revolution are now making a tangible impact on the global oil balance.
Two years since its first S-1 filing, ENXP now has production in the stacked-pay East Texas Basin.
“…There is no price high enough for the public market…,” says STRH's Dingmann.
Gassy Appalachian stories are selling only if having locked in gas prices and firm transport, he adds.