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Thursday, May 19, 2016

Appalachian Basin Has Shifted from Big-Time Natural Gas User to Big-Time Producer

From the Akron Beacon Journal:
In 2010, the Marcellus Shale in Pennsylvania and West Virginia was dubbed the Beast in the East by analysts because of its impressive natural gas treasure. 
In 2013, Ohio’s neighboring Utica Shale was described as Son of the Beast in the East by analysts because of its growing natural gas potential. 
The growth of drilling in the Marcellus-Utica shales and the resulting natural gas boom are changing the American energy picture, even though shale drilling is slowing down across the United States due to low commodity prices. 
Since 2012, Ohio, Pennsylvania and West Virginia have accounted for 85 percent of U.S. shale gas growth, according to the U.S. Energy Information Administration. Shale gas today represents two thirds of U.S. natural gas production, the agency reported recently.
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