Thursday, July 22, 2010

West Virginia Falling Behind Pennsylvania In Marcellus Production

Natural gas drilling in the Marcellus Shale formation in West Virginia has increased in recent years, but isn't keeping pace with production in Pennsylvania, according to an article in The Charleston Gazette - read article.

API Study: Marcellus Production Could Create 280,000 Jobs, $6 Billion in Tax Revenues

Natural gas production in the Marcellus Shale region — if developed — could create 280,000 new American jobs and add $6 billion in new tax revenues to local, state and federal governments over the next decade, a new study released finds. The study (click to read) was done by the American Petroleum Institute.

West Virginians Oppose Higher Taxes On Oil, Natural Gas Industry

More than six in 10 West Virginia voters oppose higher taxes on America’s oil and natural gas industry, according to a new 10-state poll released today by the American Petroluem Institute. The poll – which was conducted by telephone by Harris Interactive between July 15 and July 18, 2010, among 600 West Virginia registered voters – found that 67 percent oppose an increase, including 53 percent who strongly oppose. Only 24 percent support increasing taxes. Click to read.

U.S. Marcellus Shale Reserves Valued at $2 Trillion

The Associated Press is reporting that a new report done for the American Petroleum Institute says the vast Marcellus Shale natural gas reserves are worth at least $2 trillion to industry and billions in potential tax revenues to states. Click to read AP story.

Monday, July 19, 2010

Natural Gas Companies Considering Disclosure Of Fracking Fluids

Natural gas industry moving toward voluntary disclosure regarding frac materials? Click to read article.