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Appalachian drillers' bond prices crumbling as credit markets grow wary

Aug 27, 2019 - SNL Energy Finance Daily
Financial Results

Already suffering from declining stock prices, Appalachia's shale gas drillers are now watching their bond prices fall sharply. The drop may signal a credit-worthiness crisis that worries Wall Street analysts and could impact the ability of some drillers to borrow against their bank-determined lines of credit or refinance their debt.

While bond refinancing does not become an issue for most Marcellus and Utica drillers until 2022 or 2023, market signals indicate that the high-paying bonds o...