Tuesday, April 3, 2012

Billions Invested By West Virginia's Natural Gas Industry; More To Come

West Virginia's natural gas industry has seen a period of significant investment over the past several years, and billions more in capital investments are expected to expand drilling, production and midstream activities. That was the message delivered yesterday at a Marcellus/Utica Shale conference at The Greenbrier. Here are other facts that were provided:

- More than 1,200 horizontal well permits have been issued, but only a little more than 200 have been completed thus far.

- The W.Va. DEP anticipates receiving an additional 500 horizontal well permits on an annual basis.

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