Pennsylvania

Energy. Environment. Economy.

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A look at how energy extraction is reshaping Pennsylvania’s economy.

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Gas industry hopes to score points with Super Bowl ads

How hot is shale gas? Hot enough to warrant ad buys during the Super Bowl on Sunday. The American Petroleum Institute has purchased local ad time during the big game in Pennsylvania, Ohio, Michigan and Colorado, touting the benefits of shale gas development. National advertisers are spending $4.5 million for 30 seconds of air time [...]

Natural gas prices drop to lowest levels in over two years

Natural gas prices have dropped to their lowest levels since September 2012, according to an analysis released today by the U.S Energy Information Administration (EIA). Since the end of December, both spot and futures prices at the national benchmark, Henry Hub, have hovered around $3 per million BTU. EIA analyst Katie Teller says this reflects strong domestic production [...]

Obama says he will veto bill to fast track pipeline permits

A bill that would set a strict deadline for approving new pipeline project applications was voted out of a House committee on Tuesday but President Obama says he will veto it if it reaches his desk. Industry groups are pushing for the “Natural Gas Pipeline Permitting Reform Act,” (HR 161), which is sponsored by Kansas [...]

Range Resources cuts spending, opens Mariner East pipeline

Pennsylvania’s most prolific gas drilling company announced Thursday it’s planning to trim capital spending by nearly half-a-billion dollars in 2015, citing softening energy markets. Nearly 95 percent of the company’s capital budget is targeted for the Marcellus Shale. From the Pittsburgh Business Times: Its 2015 capital plan will be reduced from the $1.3 billion announced [...]

Penn students jump into the fracking fray with a new technology

One of the pressing questions regarding fracking is whether or not the chemicals used to help pry the gas from tight rock formations like the Marcellus Shale leaks or migrates to drinking water supplies. But testing water for contamination and linking it directly to gas drilling has proven problematic. Imagine if you could determine whether [...]

Natural gas prices down 30 percent since last month

The Associated Press reports natural gas has dropped 30 percent in the past month, which means consumers can expect lower heating bills and electricity prices. The price of gas was at $3.15 per 1,000 cubic feet on Tuesday– down from nearly $4.50 in late November. From the AP: A warm December and plentiful supplies are [...]

Feds approve another pipeline expansion to accommodate Marcellus Shale

The Federal Energy Regulatory Commission has approved an addition to the interstate Transco pipeline that will help more Marcellus Shale gas get to New Jersey. The Leidy Southeast line is essentially a series of “loops” totaling about 30 miles planned for both Pennsylvania and New Jersey. FERC overruled objections from environmentalists who say the line [...]

Wolf’s gas tax estimate might be too high

The Associated Press reports Governor-elect Tom Wolf may have been hundreds of millions of dollar off in his estimate of how much money a gas severance tax could generate for Pennsylvania. On the campaign trail, Wolf repeatedly said his proposed five percent tax on gas production could bring in $1 billion.

UIL pulls the plug on PGW

UIL Holdings has decided to end its agreement to buy Philadelphia Gas Works for $1.86 billion dollars. The deal fell through in November after Philadelphia City Council failed to hold a hearing, and approve the sale. “Unfortunately, we had no choice but to terminate our efforts in the City of Philadelphia to acquire the PGW [...]

Shale bubble burst on the horizon? New report questions government’s rosy forecast

Marcellus Shale production could peak in just five years, plateau, and then tail off quickly, according to new research by a team of petroleum engineers at the University of Texas. The UT forecast is significantly less optimistic than recent reports issued by the Energy Information Administration, a government agency. The research is reported today in [...]

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