Pennsylvania

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AP: 2012 A Big Year For Marcellus Shale

An AP analysis concludes that despite low natural gas prices, the Marcellus Shale established itself as a major energy source in 2012:

According to the federal energy reports Marcellus wells in Pennsylvania and West Virginia now produce 7 billion cubic feet of gas per day. That’s about 25 percent of all shale gas production nationwide, and nearly double the Marcellus production of the previous year.

The Marcellus could contain “almost half of the current proven natural gas reserves in the U.S,” a report from Standard & Poor’s said, while other experts noted the powerful combination of resource, cost and location is altering natural gas prices and market trends across the nation. In other words, natural gas that used to come all the way from the Gulf Coast or Canada to feed the power-hungry Northeast is now coming from Marcellus producers.

The article also recaps the major regulatory changes that occurred in 2012, including Pennsylvania’s Act 13.

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