Conventional drillers face challenging times in Ohio

Ohio’s shale-drilling boom and the surge in natural gas production are putting pressure on conventional drillers that are faced with rising costs, increased regulatory scrutiny and low natural gas prices, reports the Canton Repository. The newspaper said Ohio’s 352 horizontal shale wells produced more natural gas last year than approximately 51,000 conventional wells. All of that natural gas flowed into an already flooded regional market at a time when the national prices for natural gas remain low. For more, read the full story.
 

Ohio