Posted on 12/17/2013 6:38:01 AM PST by thackney
From 2011 to 2012, Pennsylvania's marketed natural gas (which includes natural gas plant liquids) production grew by 72%, moving it from the seventh-largest to the third-largest marketed gas-producing state in the United States, according to the Natural Gas Annual, 2012. Preliminary data (as well as estimates from the Drilling Productivity Report) indicate that continued Marcellus production may result in Pennsylvania becoming the second-largest producer in 2013. Tight gas development significantly increased production in several regions, including the Marcellus in the Northeast and the Eagle Ford in Texas. Marketed production in the Lower 48 states increased by 5% between 2011 and 2012, rising from 23.7 trillion cubic feet (Tcf) to 25.0 Tcf.
Pennsylvania also saw the largest volume and percentage increases in marketed gas. West Virginia, which is also located in the Marcellus Shale play, joined the ranks of the top 10 largest U.S. producers for the first time in 2012, producing 146 billion cubic feet (Bcf) of additional marketed gas compared with the 2011 level. Production in the Marcellus region has grown so substantially that spot prices in the Northeast may continue to drop further below the Henry Hub spot price in the future. Texas, home to the Eagle Ford Shale play, grew 5% year-on-year, and stands as the largest gas-producing state by far.
A few states experienced drops in production levels between 2011 and 2012. Wyoming, which produces significant volumes of coalbed methane, fell two places in the marketed natural gas production ranking, from number three to number five. Federal offshore production, which includes federal production from both the Gulf of Mexico and the Pacific Ocean (California), also fell in the ranking, from number five to number seven. Federal Gulf of Mexico natural gas production has generally declined since 2001, and federal Pacific offshore production has generally declined since 2002.
We have seen a lot more traffic down here in SW Pennsylvania working the gas fields . . . lots of them with New York license plates.
Now if we could get some natural gas cars on the road to give gasoline competition, maybe I won’t be spending #.58/gallon. But the corrupt press is still telling me that prices are going down. They really think we’re stupid. Still no outrage from anyone on this high gas price crime. No demands to do anything about it. Bush was nearly tarred and feathered when it went up to $2.00 a gallon.
We’re building the cars here in Indiana (Honda Greensburg plant) but the key is having a reasonably priced and reliable home compressor unit. That seems to be an issue.
Also a decent number of commercial fuel stations.
And Governor Andy Cueball still sits on his hands.
I was in Dushore, PA, deer hunting this year. The trucks and jack hammers, started at 7:00AM each morning. There are some instant millionaires up there.
PA has the immense advantage of being right in the middle of the country’s largest potential market for gas.
Alternate Headline: Chipotle Opens 45 New Stores in Keystone State
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