Pennsylvania’s number of natural gas drilling rigs held steady as it has for the new year, but it’s down sharply from production a year ago.
There were 25 drilling rigs operating in Pennsylvania for a second week, according to a tally released weekly by oilfield services company Baker Hughes (NYSE: BKHS). But it shows a big decline from this time a year ago, when there were 48 rigs. The year-to-year drop in the count is due to lower prices for natural gas, which has led to a cut in drilling and…
