Pennsylvania Shale Gas Production Eclipsed 4 Trillion Cubic Feet In 2014

Pennsylvania shale drillers produced more than 2 trillion cubic feet of gas in the second half of 2014, setting another record despite low prices that have prompted a cutback in activity, the state reported Tuesday.

Producers pulled more than 4 trillion cubic feet of gas from shale last year, a 30-percent increase from the year before.

Industry groups applauded the numbers while sounding a cautious tone about what they see as threats to development: depressed prices and a proposal by Gov. Tom Wolf to impose two new taxes on sales and production.

“This is a tremendous success story – a story about jobs and opportunity,” said Frank Macchiarola, executive vice president for government affairs at America’s Natural Gas Alliance. “We hope the story continues, and that the next few chapters include sensible tax policy and new infrastructure so that Pennsylvania residents can fully benefit from the commonwealth’s abundant natural gas supplies.”

Read more: http://triblive.com/business/headlines/7748482-74/based-wells-gas#ixzz3S2v34nob
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One comment on “Pennsylvania Shale Gas Production Eclipsed 4 Trillion Cubic Feet In 2014

  1. Natural gas production in our state is GREAT! It created much needed jobs,lower our heating and energy costs. How many people signed gas leases that is bringing prosperity and that money saved family farms.
    Simply, we should NOT tax the gas industry like Gov Tom Wolf wants to do.
    That tax would kill the jobs that were created and the money would dry up pretty quick from the gas leases.
    Gov Wolf,keep your grubbly little Demo-rat hands off the prosperity that private industry created.

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