Why falling oil prices could boost the Marcellus Shale

The Saudi-Russia spat that sent oil prices plunging over the weekend could be bad news for Permian Basin oil producers — which could, maybe, be slightly good news for Marcellus and Utica natural gas producers.

At least that’s one of the thoughts driving Wall Street, where several publicly traded natural gas producers saw their shares go up Friday despite the 256-point drop in the Dow Jones industrial average and the general coronavirus-fueled volatility of global markets.

The leader was Cabot…

share:

more energy news

Send Us A Message