Ohio rig count drops again as drilling companies pull back

The Youngstown Business Journal reports that the drilling rig count in Ohio’s Utica shale play continues to shrink as oil and natural gas producers see no break in the lower energy prices that have caused the industry to pull back on new exploration. The newspaper says that Ohio Department of Natural Resources reported that the rig count now stands at 26, down from 29 the prior week. By comparison, 51 rigs were operating in the Utica play during the week ending January 10, 2015. For more read, the full story.