October 4, 2012
ANTI-DEVELOPMENT activists, including "Gasland" filmmaker Josh Fox, congregated in Philadelphia recently to promote a hydraulic-fracturing ban throughout the region. Although these protesters challenge the safety and environmental impact of hydraulic fracturing, the fact is, hydraulic fracturing has been used safely for more than 60 years. Advances in horizontal drilling and hydraulic fracturing techniques have unlocked unprecedented amounts of natural gas. So abundant is natural gas on this continent that PricewaterhouseCoopers predicts that shale gas development could add approximately 1 million jobs by 2025, encourage greater investments in U.S. plants and reduce U.S. manufacturers' natural gas expenses by as much as $11.6 billion annually through 2025.
October 3, 2012 |
The number of drill rigs operating in Pennsylvania's Marcellus Shale may be declining, but production keeps going up. Natural-gas output increased robustly during the first half of this year, according to state Department of Environmental Protection data. And industry observers say the output will continue to rise because so many wells are waiting to be connected to pipelines. Pennsylvania's "unconventional" shale-gas wells - those that unlock gas entrapped in tight rocks like shale, as opposed to conventional wells that tap into concentrations of free-flowing oil or gas - produced 895 billion cubic feet of gas in the first six months of this year, up nearly 42 percent from the previous reporting period, according to an analysis by the Powell Shale Digest, a trade publication based in Fort Worth, Texas.
September 29, 2012
By Kathryn Z. Klaber Philadelphia's access to key waterways and markets - bolstered by the commonwealth's rich natural resources - has long positioned Southeastern Pennsylvania as a powerful economic engine. Philadelphia's piers, and the region's economy, have long been sustained by coal, petroleum, and other energy resources. The city's natural-gas history is also deep. In 1836, according to the Philadelphia Gas Works, "Forty-six natural gas lights along Philadelphia's Second Street were lit for the first time by employees of the newly formed Gas Works.
September 26, 2012 |
We have heard from readers who insist that they want to invest in America's oil- and gas-drilling industry, but not always through one of the more common vehicles, known as master limited partnerships. A master limited partnership is different from a corporation. It is a group of partners, rather than a separate entity. The most distinguishing characteristic of MLPs is that they combine the tax advantages of a partnership with the liquidity of a publicly traded stock. Investors often don't want the hassle of investing in something that isn't structured like a plain-old share of stock.
September 24, 2012
"It is beyond belief that there are still people who would trade this progress for a return to the status quo. " - Gov. Corbett, referring to opponents of drilling for shale gas, in remarks at the Marcellus Shale Coalition convention in Center City. "I think it is disingenuous for the governor to dismiss his opponents as a fringe element of naysayers. " - David Masur of PennEnvironment, protesting outside the shale-gas convention. "We are really, really sad. I hope they call us back because these are really, really good jobs.
September 22, 2012 |
Supporters of the Marcellus Shale industry on Thursday hailed Pennsylvania's natural-gas boom for launching a veritable economic revolution but cautioned that much work still needs to be done to convince skeptics that drilling can be conducted safely. At the Shale Gas Insight conference at the Pennsylvania Convention Center, Marcellus Shale drilling was credited with generating $11 billion in value-added economic impact in 2010, supporting 140,000 jobs, and contributing $1 billion in state and local tax revenue.
September 21, 2012
By Mike Krancer In Pennsylvania, we're seeing how rational and responsible energy policies can transform America into an energy superpower, create high-paying jobs, generate new revenues, and drive the cost of energy down. Best of all, we're applying our state's unique expertise to ensure that our environment is protected whenever and wherever energy development occurs. From experience, we know there is no "choice" that must be made between environmental protection and energy development.
September 21, 2012 |
Hundreds of self-proclaimed "fracktivists" rallied and marched through Center City on Thursday afternoon, protesting the Shale Gas Insight conference and urging governments at all levels to ban the natural-gas-drilling process known as fracking. Opponents say the hydraulic fracturing process pollutes local aquifers, causes serious health problems, and will result in net job loss. For more than two hours, speakers described what they called adverse effects of the process near their homes.
September 20, 2012 |
The Marcellus Shale natural-gas industry has not exactly enjoyed a warm civic embrace in Philadelphia, where City Council last year famously called for a moratorium on drilling because of environmental worries. But the Marcellus Shale Coalition, the industry trade association, will occupy the Convention Center over the next three days to demonstrate that Pennsylvania's shale-gas boom is having economic benefits beyond the rural areas where drilling is taking place. The coalition's Shale Gas Insight conference, which will attract Gov. Corbett as well as hundreds of protesters, will tout the effect natural gas has had on lowering utility rates, generating jobs, and improving air quality by displacing coal in power generation.