The expected financial returns are higher for a project in the Shale Crescent region (WV, PA, OH) compared with a G… https://t.co/ixxnfEvBrB
- IHS Report on Petrochem Manufacturing in Appalachia
- Cove Point Becomes 2nd U.S. Liquefied Natural Gas Export Terminal
- Chris Ventura: Rally for lower energy costs starts with you (Gazette)
- Gassed up and ready to go
- Maximize Benefits From Natural Gas Development
- Industry reps: Pipeline work available soon in West Virginia
- Local lawmakers: Pipelines could have economic benefits
- Pipelines Help Hold Down Energy Costs
- Federal judge grants immediate access to disputed properties along MVP path
- Antero Resources projects 20 percent production increase in year ahead
- Chevron Invests $630K to Boost ShaleNET Programs
- China Energy MOU impact paying dividends for Northern Panhandle properties
- US FERC approves two major TransCanada gas pipeline expansions
- Private Project of the Year: Antero Resources’ Clearwater Facility
- Natural Gas Customers in West Virginia Pocket $4.3 Billion Since Development of Marcellus Shale
- State's greatest period of infrastructure development at hand
- Letter: WV on cusp of major development with natural gas pipeline projects
- Several Southern West Virginia counties to receive $8 million from oil and natural gas property taxes
Historically, the Gulf Coast has been the most profitable place to build and operate a petrochemical company. The numbers have always supported that fact.
However, the numbers have changed.
Sitting atop two of the most prolific shale plays in the world, Shale Crescent USA is now the most profitable place to build a petrochemical company.
Five factors support this new realization:
- Abundant Natural Gas Supply
- Access to Water
- Proximity to Market Demand
- Skilled Labor Force
- Cost Advantage
And so it begins. Friday was a historic day for the U.S. energy industry and our always evolving natural gas business in particular. After a series of delays, Dominion Energy shipped out its first LNG cargo from $4 billion Cove Point export terminal in Maryland. This becomes our second LNG export facility following Cheniere Energy’s startup at Sabine Pass in Louisiana two years ago.
By Chris Ventura
A rally on the steps of the West Virginia Capitol is scheduled for Wednesday, Feb. 21. Energy workers, many in the oil and natural gas sectors, will attend. The rally will center on energy policy, according to reports, and how it impacts the industry they work in.
You should join them.
Yes, the energy sector is the backbone of the state’s economy. West Virginia is the ninth-largest natural gas-producing state, with reserves and production increasing with drilling in the Marcellus and Utica shales.
If you talk to those in the natural gas industry, they will tell you that West Virginia sits at the epicenter of what could potentially be the economic development future of the Mountain State — if not the nation.
The Marcellus and Utica natural gas fields are deep, rich and plentiful. And with planned pipelines and talk of a storage and trading hub, the industry is on the tip of a major boom.
But it’s not there yet, according to industry leaders. Natural gas is still selling at around $2 per MCF. That’s not very profitable for companies that are spending millions, if not billions, of dollars trying to extract it from the ground.