Pennsylvania

Energy. Environment. Economy.

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

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Bitter cold spurs higher natural gas prices

The bitter cold has caused natural gas prices to see its biggest weekly gain since September 2012, according to Bloomberg: Gas climbed 0.9 percent to the highest price in more than two years as Commodity Weather Group LLC in Bethesda, Maryland, said the cold weather will persist in the eastern half of the U.S. through Feb. 1. [...]

Corbett unveils energy plan for Pennsylvania

Governor Corbett today unveiled his state energy plan. Speaking at the Pennsylvania College of Technology’s Earth Science Center in Lycoming County, he promoted the state’s vast energy reserves as a significant economic driver. “Energy equals jobs in our gas and coal fields,” he said. “But it also equals jobs in our nuclear reactors and our growing renewable [...]

Shell issues profit warning: bad news for Pa. ethane cracker?

Royal Dutch Shell warned its investors Friday that the oil giant made “significantly” less money than expected in the last quarter of 2013. It’s the first time Shell has issued a profit warning in a decade and comes at a time when the company is being choosey about where to invest capital. Last month, Shell abandoned [...]

Exports keeping coal industry alive despite surge in natural gas

The surge in U.S. oil and natural gas production and increasing efforts to regulate emissions from coal-fired power plants has caused business leaders and analysts to question king coal’s rank in the energy economy. Last month, the Energy Information Administration forecasted that natural gas will surpass coal as the number one source of electricity generation [...]

Shell takes final extension on Pa. site for proposed ethane cracker

Shell Chemical has signed a deal with the owners of a Beaver County industrial site that would give the company more time to decide whether to buy the land and build a multi-billion dollar petrochemical plant called an ethane cracker. It is the third time Shell has extended a land option with Horsehead Corporation, the [...]

Sunoco will move out of Philadelphia to new headquarters in Pa. suburbs [UPDATED]

Sunoco Inc. will move out of Philadelphia and consolidate its corporate headquarters in the the Delaware County suburbs in two years, a company spokesman has confirmed. Spokesman Jeff Shields told StateImpact Pennsylvania the new building in a Newtown Square development called Ellis Preserve would be “a good central location for our employees.” There are currently [...]

Bucks Republican lawmaker wants severance tax on shale gas driling

Democrats in Pennsylvania have pushed for years to impose a severance tax on natural gas drilling in the commonwealth – to no avail. Now, a Republican lawmaker from Bucks County plans to introduce a bill that would put a 4.9 percent tax based on the value of natural gas produced and sold from each well. [...]

Shell abandons plans for natural gas-to-liquids plant in Louisiana

Royal Dutch Shell will not be going ahead with plans for a $12.5 billion gas-to-liquids plant in Louisiana, the company announced today. The plant would have used natural gas feedstocks to make more valuable diesel and gasoline, and is one of three major projects the company was exploring in North America. Shell has also proposed building [...]

U.S. energy boom has big impact on trade, but not jobs

America’s recent oil and gas boom, including the massive Marcellus production here in Pennsylvania, has dramatically shifted the nation’s trade deficit. But this has not translated into a large number of energy industry jobs. There are just under 200,000 direct oil and gas jobs nationwide, according to October figures from the Bureau of Labor Statistics. [...]

Winter gas heating prices starting out low, expected to rise

If you heat your home with natural gas, you might be getting some pretty low bills this month. The Associated Press reports natural gas prices for six of the 10 biggest utilities in Pennsylvania are at their lowest in a decade. More from the Associated Press: Utilities credit the huge volume of gas being produced from [...]

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