Pritchard Capital Out Marcellus Shale Update (RRC, COG, APC, CHK, TLM, SWN, WMB, PDC, HP, PDS)

Pritchard Capital is out with an update report on the Marcellus Shale, as it is adding rigs, despite an industry wide decline in oil rigs. In the research report, Pritchard Capital writes, "Despite the rig counts showing declines this week, the unconventional plays put 11 rigs to work, once again led by the Marcellus. For the second consecutive week, seven rigs went to work in the play. Over the past two weeks, Range Resources Corp. RRC, Cabot Oil & Gas Corp. COG, and Anadarko Petroleum Corp. APC have all added two rigs, followed by Chesapeake Energy Corp. CHK, Talisman Energy Inc. TLM, Southwestern Energy Co. SWN, and Williams Companies, Inc. WMB adding one. The primary beneficiaries have been Pioneer Drilling Co. PDC, Helmerich & Payne, Inc. HP, and Precision Drilling Co. PDS, adding two rigs apiece." See Some of the Top Moving Indexes Here.