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.”

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Pennsylvania’s Natural Gas Production Up 60 Percent

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Pennsylvania’s new growth industry, natural gas from the Marcellus Shale formation, has started to take off in a big way.  Figures show production was 60 percent higher for the first six months of 2011 than is was for the last six months of 2010.

Bradford, Susquehanna and Tioga Counties were responsible for over half of the state’s natural gas production.  So far this year, production in Pennsylvania has topped 400 billion cubic feet of natural gas.  There are over 1600 wells tapping the Marcellus Shale gas reserves in Pennsylvania.

The gas industry is not without controversy, despite the economic impact it brings.  Issues with ground water contamination and taxation rage on.