Drillers Cut Natural Gas Production As Prices Drop - KAUZ-TV: Newschannel 6 Now | Wichita Falls, TX

Drillers Cut Natural Gas Production As Prices Drop

PITTSBURGH (AP) - 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.

  • News HeadlinesNewsMore>>

  • Trump warns North Korea's missiles will get better

    Trump warns North Korea's missiles will get better

    Sunday, April 30 2017 8:20 PM EDT2017-05-01 00:20:24 GMT
    Sunday, April 30 2017 8:20 PM EDT2017-05-01 00:20:24 GMT

    Residents in the South Korean village where a U.S. missile defense system is being installed have scuffled with police.

    Residents in the South Korean village where a U.S. missile defense system is being installed have scuffled with police.

  • Beyond 100 days, Trump faces more legislative challenges

    Beyond 100 days, Trump faces more legislative challenges

    Sunday, April 30 2017 8:20 PM EDT2017-05-01 00:20:09 GMT
    Sunday, April 30 2017 8:20 PM EDT2017-05-01 00:20:09 GMT

    Trump touts success in first 100 days, attacks news media and accuses them of failing to tell the truth.

    Trump touts success in first 100 days, attacks news media and accuses them of failing to tell the truth.

  • US soldier killed in Iraq during a patrol outside Mosul

    US soldier killed in Iraq during a patrol outside Mosul

    Sunday, April 30 2017 7:20 PM EDT2017-04-30 23:20:25 GMT
    Sunday, April 30 2017 8:05 PM EDT2017-05-01 00:05:32 GMT

    American solider dies in Iraq after an improvised explosive device detonated during a patrol outside the city of Mosul.

    American solider dies in Iraq after an improvised explosive device detonated during a patrol outside the city of Mosul.

Powered by Frankly