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Michael G. Connelly Quoted in 90.5 WESA Article, 'Despite Nationwide Drop, Gas Drill Rigs Increase in PA'

1/04/2017
Michael G. Connelly Quoted in 90.5 WESA Article, 'Despite Nationwide Drop, Gas Drill Rigs Increase in PA'

Michael G. Connelly, a partner with Pepper Hamilton, was quoted in the December 28, 2016 90.5 WESA article, "Despite Nationwide Drop, Gas Drill Rigs Increase in PA."

Michael Connelly, a lawyer who represents natural gas pipeline companies, said recent growth in mid-stream drilling infrastructure, including pipelines and compressor stations could be driving the increase.

“That’s kind of been the missing piece in the region,” Connelly said. “We’ve known that the commodity, or the molecule, was here and how to get it out of the ground but the missing piece has been getting it to the market where it’s needed.”

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“Pennsylvania is a more mature play,” Connelly said. “They’ve been drilling it for a good many years now so I think folks have a good understanding of where the reserves are and well to drill.”

Wholesale prices are still the biggest driver in drilling activity, according to Connelly.

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Connelly said that has built some guarded optimism in the industry.

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