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
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Morgantown, W.Va. (July 7, 2017) – Highlighting the tremendous potential for creating more than 100,000 jobs in the region, the board of directors of the West Virginia Oil & Natural Gas Association (WVONGA) presented a resolution of support for the establishment, construction and operation of the Appalachian ethane storage hub to U.S. Senator’s Joe Manchin and Shelley Moore Capito at an event with U.S. Energy Secretary Rick Perry in Morgantown today.
“The opportunities presented by the development of the Appalachian ethane storage hub can transform economies throughout West Virginia, Pennsylvania, Ohio and New York”, said Anne Blankenship, executive director of WVONGA. “Our members, the producers and processors of natural gas and its by-products, recognize that the creation of the storage hub will generate unprecedented growth in our chemical and manufacturing sectors; leading to an economic revival not seen in the region in decades”.
Blankenship offered praise for Senators Manchin and Capito for their efforts to advocate for federal legislation for studying the projects feasibility, permitting the project in an expedited fashion and for identifying funding mechanisms to bring the project to life.
Antero Resources‘ Clearwater Facility, located off Sunnyside Road in Doddridge County, will be the first of its kind in the United States and possibly the world.
The $275 million facility, which will clean fracking water so it can be reused, is set for completion sometime this fall, said Al Schopp, Antero’s chief administrative officer and regional senior vice president.
“The primary reason for this (project) is the long-term environmental impact of recycling the water,” Schopp said. “We’ll be able to reduce more truck miles and eliminate the use of saltwater disposal wells throughout the state.”
Charleston, W.Va. (May 30, 2017) – The following is a statement from Anne Blankenship, Executive Director of the West Virginia Oil & Natural Gas Association, regarding the West Virginia Supreme Court’s ruling on the Leggett case:
“The Leggett case is complicated and is specific to old, flat-rate leases governed by state statute. In reversing its previous decision, the West Virginia Supreme Court of Appeals has clearly analyzed the issue exhaustively and correctly determined that post production costs under such leases may be deducted, and that the previous decision in Tawney, which addressed non flat-rate leases not subject to statutory interpretation, is not applicable to the flat-rate leases addressed in Leggett.
If the region that encompasses northern West Virginia, eastern Ohio and western Pennsylvania — all connected by a long and crooked crescent of the Ohio River — were its own country, that nation would be the third-largest natural gas producer in the world.
But don’t worry. There are no secessionists trying to form an insurrection and create a nation out of the resource-rich region. But there is a group of committed businessmen and women who have teamed together to promote the region for industrial and economic development.