Natural Gas News – June 15, 2020

Natural Gas News 

Analysis: Shale Crescent Region produces more natural gas than Texas

Since 2007, there has been a regional shift in liquefied natural gas (LNG) production in Ohio, West Virginia and Pennsylvania because of technological advances in drilling and delivery. According to an analysis by the publicly held company IHS Markit, these three states combined produce more natural gas than Texas. From 2008 to 2018, 85 percent of all natural gas growth in the U.S. has come from these three states because of the development of the Marcellus and Utica Shale formations. If Ohio, West Virginia and Pennsylvania were a country, they would be the world’s third-largest natural gas producer, behind only the U.S. and Russia, Greg Kozera at Shale Crescent USA, an economic development initiative, says. Kozera maintains that the most profitable region to build a petrochemical plant is in the Shale Crescent region because it is one of the few global
locations where the natural gas is located in the same area as the manufacturing plants and end-use consumers. For more on this story visit or click

What’s Holding Natural Gas Prices Back?

The oil markets have been enjoying a period of sustained rally, thanks to a stream of positive factors including somewhat successful compliance to agreed production cuts, a partial rebound in oil demand as well as growing optimism about a possible extension to the OPEC+ cuts. Brent prices briefly touched $40/barrel on Monday, a level they last touched several months ago with WTI looking to also breach the psychological level if
OPEC+ signs off on extensions when it reconvenes on June 10. The same, however, can hardly be said about the natural gas situation. For more on this story visit or click

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.

Sign up for FUELSNews for daily market information and insights
Sign Me Up
Give Us a Call Today

We are happy to discuss your business challenges over the phone and answer any questions.


Send Us an Email

Ask your toughest questions. We'll get back to you with the best answer humanly possible.

Send Email

Find a Mansfield Location

Need to contact a specfic office? View contact information for offices across the country.

View Locations

Get a Quote Today

Let us know what type of fuel or service you need and a team member will get a quote to you quickly.

Get a Quote