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Co Tenancy Agenda v2

Clarksburg Exponent
by Victoria L. Cann STAFF WRITER  Jul 16, 2017

CLARKSBURG — Oil and gas officials continue to be optimistic about the industry’s future in West Virginia.

Scott Freshwater, president of the Independent Oil and Gas Association of West Virginia, said although the price of natural gas in the Appalachian basin is discounted right now because there’s such an oversupply, there are factors that could boost the price.

There’s a lively debate going on in West Virginia’s Eastern Panhandle that involves a proposed pipeline to bring much-needed natural gas, the cleanest burning fossil fuel, to the energy-hungry region.

Business organizations — representing those who actually employ people, pay them and generate revenue — are strongly in favor of Mountaineer Gas Co. building the pipeline extension from just north of the Potomac River at the West Virginia-Maryland border into Jefferson County.

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.”

 

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