Natural Gas News – April 25, 2018
Natural Gas News – April 25, 2018
EIA: Pennsylvania’s Natural Gas Production Continues to Increase
World Oil reported: Pennsylvania’s marketed natural gas production averaged a record 15 Bcfd in 2017, 3% higher than the 2016 level. This production is largely from shale plays in the Appalachian basin. Pennsylvania accounted for 19% of total U.S. marketed natural gas production in 2017 and produced more natural gas than any other state except Texas. Pennsylvania has experienced an increase in permitting and drilling activity with the expansion of regional pipeline capacity capable of moving natural gas to market centers outside of production areas. According to the Pennsylvania Department of Environmental Protection, the state issued 1,352 natural gas drilling permits in 2016 and another 2,038 in 2017. The drilling rig count in the state has also increased, averaging 20 rigs in 2016 and 33 in 2017, based on data from Baker Hughes. Recent permitting and drilling activity in Pennsylvania is concentrated in opposite corners of the state. Washington and Greene counties in southwestern Pennsylvania and Susquehanna County in northeastern Pennsylvania have the highest number of permits and rigs. For more on this story visit worldoil.com or click https://bit.ly/2qYTCMR
West Virginia Executive Order Expected to Smooth Permitting for Downstream Projects
Platts.com reported: An executive order issued by West Virginia Governor Jim Justice to expedite the permitting of “projects of critical economic concern” is expected to speed permitting of intrastate pipelines and other large energy projects, an official representing independent oil and gas producers said Tuesday. The order, which Justice signed on Monday, calls for faster permitting of all projects but prioritizes those that have “the ability to stimulate economic development and job creation in West Virginia.” For more on this story visit platts.com or click https://bit.ly/2qW0UBR
This article is part of Daily Natural Gas Newsletter
Tagged:
MARKET CONDITION REPORT - DISCLAIMER
The information contained herein is derived from sources believed to be reliable; however, this information is not guaranteed as to its accuracy or completeness. Furthermore, no responsibility is assumed for use of this material and no express or implied warranties or guarantees are made. This material and any view or comment expressed herein are provided for informational purposes only and should not be construed in any way as an inducement or recommendation to buy or sell products, commodity futures or options contracts.
