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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