Alternatives

July 1, 2023

E&P Third Quarter 2023

Appalachian Basin

Executive Summary

Appalachian production fared well over the last year, particularly considering the sharp decline in the Henry Hub price.  Despite the Henry Hub decline, the Appalachian rig count decline was less than that of two of the three oil-rich basins presented, largely due to Appalachia’s higher production declines, which require a higher rig count to maintain production levels.  

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