Over the last few weeks we have seen the rig count in PA increase from 63 in early February to 72. Many Pennsylvanians think the gas business has peaked and it is over. They could not be more wrong. The drilling activity while not experiencing substantial growth like in 2009 and 2010 is growing, but at much lower rate.
I encourage PA businesses to continue to pursue this opportunity. More and more pipelines are being completed which will enable the gas companies to move the gas to various markets.
Joseph F. Barone