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Charleston, W.Va. (August 15, 2017) – West Virginia’s natural gas industry is working to help those communities and residents affected by the flooding in the north central and northern parts of the state, representatives announced today. 

“West Virginians support one another in tough times,” said Anne Blankenship, executive director of the West Virginia Oil & Natural Gas Association (WVONGA).  “Our employees live and work all across West Virginia, including the flood affected areas, and we feel it is our duty to help in times of need.  WVONGA members, including MarkWest, Antero, Southwestern Energy, Dominion and many others, were quick to respond with contributions of manpower, equipment and financial assistance.”

The Federal Energy Regulatory Commission, which plays a vital role in making sure the national electrical grid is functional, is back in business.

The Senate approved two new nominees last week, giving the board three members.

Acting Chairwoman Cheryl LeFleur said the commission will work to address matters that have been idled.

Natural gas is now our main source of electricity, and thanks to the shale production revolution prices collapsed from $8.86 per MMBtu in 2008 to just $2.52 in 2016. Prompt month September prices are now below $2.80, a shoulder month and blue weather maps for the next two weeks mean a bearish market. So far this summer, although hotter on the low demand Western coast, we simply haven't had a prolonged heatwave to increase prices.

The Senate voted Thursday evening to confirm two of President Trump's nominees to the Federal Energy Regulatory Commission (FERC), paving the way for the commission to have its first quorum in six months.

Neil Chatterjee and Robert Powelson were confirmed by unanimous consent and are slated to join the five-member board, which has seen its action paused since February following a pair of retirements.

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