Nat Gas News – May 8, 2017

Nat Gas News – May 8, 2017

In the News

Natural gas production rises in West Virginia, Ohio and Pennsylvania

The Parkersburg News and Sentinel reports: While the rest of the U.S. saw natural gas production fall in 2016, Ohio, West Virginia and Pennsylvania combined to increase output by 2.5 billion cubic feet per day last year. That much natural gas isenough fuel to power more than 60,000 homes for an entire year. A new report from the U.S. Chamber of Commerce shows the “Keep it in the Ground” environmentalist movement is preventing states such as New York, New Jersey, Connecticut, Massachusetts, Rhode Island, New Hampshire, Vermont and Maine from gaining the benefit of this natural gas. Moreover, the group’s efforts to stop pipeline construction hinder the ability of Ohio and West Virginia to realize the full economic growth the industry could provide, the study suggests. According to EIA, Pennsylvania and Ohio now account for 24 percent of all U.S. natural gas production. This is up from just 2 percent in 2006. For more visit newsandsentinel.com or click http://bit.ly/2pkRNqQ

Only 3 people tasked to check on Colorado pipeline safety

The New York Daily News reports: State records show Colorado has only three people assigned to check on the safety of pipelines running from about 54,000 active oil and gas wells, a task that came under scrutiny after a leaking pipeline was blamed for a fatal house explosion. The Denver Post reported that since 2016, an inspector has checked about 400 of those pipelines and an engineer has audited company records for inspections of lines at about 2,800 wells. The April 17 explosion in the town of Firestone killed two people. Investigators have said unrefined, odorless gas was leaking into the home from a pipeline that was thought to be out of service but was still connected to a nearby well. The pipeline is one of thousands in the state installed to carry oil and gas from wells to storage tanks or other collection points. For more visit dailynews.com or click http://nydn.us/2pWhxvP

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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.

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