The Philadelphia Inquirer is reporting on the slowdown in industry activity in Pennsylvania: "Drilling in the Marcellus Shale region has slowed substantially this year because of the drop in natural-gas prices, and it is unlikely to resume at the same pace anytime soon. *** The number of drill rigs operating in the state is down 29 percent from its peak a year ago, according to Baker Hughes Inc., which tracks the industry nationwide. According to data from the Pennsylvania Department of Environmental Protection, the number of Marcellus Shale gas wells drilled in the first quarter declined 18 percent from the same period last year."
Read the whole thing.