Appalachia producers risk crackup if gas output keeps growing: Cabot CEO

摘要

The head of one of Appalachia's largest shale gas producers said theregion's drillers are heading for a crackup if they keep producing moregas in the face of the current low commodity prices."I have a hard time rationalizing why industry is growing into themarket today," Cabot Oil & Gas Chairman and CEO Dan Dinges told analysts on the company's fourth-quarter 2019 earnings call Friday. "Ido think ... rationalization is going to have to prevail in this market that'snot sustainable, and the balance sheets are not sustainable out there."