By December 18 2014
Most Pennsylvania attorneys are not worried that the current low energy prices will have any immediate effect on the state’s shale oil and gas-based legal industry.
“We do not anticipate a slowdown in 2015, but if oil continues to plummet, we may see something in 2016 and going forward,” said Kristian E. White, a Steptoe & Johnson PLLC lawyer. “It could have ripple effects, but we’re not presently concerned.”
While most attorneys agreed with Mr. White, Scranton, Pa.-based attorney Stephen Saunders, who focuses on representing landowners, said low gas prices have already combined with the continuing development of the Marcellus Shale to quicken the reduction of commercial and lease-related work.