Gas prices collapsed two years ago and while they have recovered somewhat, some drillers have turned their focus to more lucrative regions rich in oil and other liquids. But companies that specialize in natural gas production continue to produce more, spurred on by technological advances and cheaper drilling and completion costs that allow them to produce more with less.
“Looking at the rig count is no longer a good measure of production,” said Jim Tramuto, vice president of regulatory and government affairs for Southwestern, which is among the largest natural gas producers in the continental U.S. “We’re getting more productive on every well that we’re drilling.”
