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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BRETT DUNLAP FOR THE INTELLIGENCER
CHARLESTON — Some of the state’s outdated laws and regulations need to be updated to allow the natural gas industry to grow and prosper in the Mountain State, said two industry officials.
Anne Blankenship, executive director of the West Virginia Oil and Natural Gas Association and Brett Loflin, vice president, regulatory affairs for Northeast Natural Energy and Independent Oil and Gas Association Board of Directors, spoke to the West Virginia Press Association’s Legislative Breakfast about the state of the natural gas industry in West Virginia on Thursday.
March 6, 2017
By: Rebecca McPhail, president, WV Manufacturers Association
Rebecca McPhail is president of the WVMA, a role she has held since 2013. She previously served as the president of Vision Shared as well as the assistant vice president of development at Marshall University, among other positions. She resides in Huntington.
Natural gas use across the United States has seen a dramatic increase in recent years. According to the 2017 Sustainable Energy in America Factbook, a report produced by the Business Council for Sustainable Energy and Bloomberg New Energy Finance, the U.S. has experienced a 79 percent surge in shale gas extraction since 2011 and a 12 percent jump in total gas production over the past five years. As the Factbook reports, “natural gas is now the number one source of power in the U.S., contributing 34 percent of the electricity mix in 2016, up from only 22 percent in 2007.”
The recent U.S. energy revolution, courtesy of high-tech advancements in hydraulic fracturing, has made U.S. manufacturing more competitive globally, lowering costs for energy-intensive industries while increasing output, employment and exports.
CHARLESTON, W.Va. — Lobbyists for West Virginia’s gas industry will not be making another run at forced pooling or lease integration legislation during the upcoming legislative session, according to the executive director of the West Virginia Oil and Natural Gas Association.
Instead, Anne Blankenship said they’re focused on two other proposals designed to open up the Marcellus and Utica shales in the Mountain State to more horizontal drilling: (1) joint development and (2) co-tenancy.
“Our proposals this year are really going to go after creation of more jobs, spur economic development, hopefully in a pretty big way, using our natural resources that we sit on top of that are just in abudance right now,” Blankenship said on Monday’s MetroNews “Talkline.”