Archives for July 2011

New York Post editorial: Just the fracks

July 22, 2011 If a new study out of Penn State doesn’t make New Yorkers breathless at the chance to allow hydraulic fracturing — a new method for extracting natural gas — absolutely nothing will. The study says Pennsylvania, which allows the process (also known as fracking), will reap a $12.8 billion bonanza this year […]

MSC Statement on Marcellus Shale Advisory Commission’s Final Report

Canonsburg, PA – Today, the Marcellus Shale Advisory Commission released its final report of recommendations. Ray Walker, Marcellus Shale Coalition (MSC) chairman and senior vice president of Range Resources, was the coalition’s representative on the commission. Several other MSC member company representatives also served on the commission. “The Marcellus Shale Coalition stands ready to work […]

New York Post: It’s a ga$! New study fuels fracking backing

By FREDRIC U. DICKER State Editor July 22, 2011 ALBANY — Gov. Cuomo is hailing a new Pennsylvania study showing that the huge Marcellus Shale natural-gas field on the New York border could supply 25 percent of the nation’s gas needs and create hundreds of thousands of jobs. Cuomo — who’s weighing a late-June report […]

CBS 21: Marcellus Shale has potential to make PA a global natural gas supplier

Reported by: Chris Papst Contributor: Nate Wardle Published: 7/21/2011 Could Pennsylvania be the next Saudi Arabia?  A new study by Penn State seems to think so. For lack of a better term, Pennsylvania is sitting on a gold mine.  A recent study from Penn State, which was funded by the oil industry, found that the […]

Highlights From New Marcellus Shale Study: “Prolific Marcellus Could Soon Lead US in Natural Gas Production”

Canonsburg, PA – A new study released yesterday sheds light on the robust economic impact that the responsible development of clean-burning, American natural gas continues to have throughout the Commonwealth. Conducted by Penn State University researchers, the analysis underscores how far-reaching, genuine and sustained the growth is associated with Marcellus Shale natural gas production, particularly […]

The Pennsylvania Marcellus Natural Gas Industry: Status Economic Impacts and Future Potential

This study is the third in a series of reports (Considine, et al., 2009 and 2010) documenting the development of the Marcellus Shale and its economic impacts on the Commonwealth of Pennsylvania. This update finds that during 2010 Pennsylvania Marcellus natural gas development generated $11.2 billion in value added or the regional equivalent of gross […]

New Study: Pa. Self-Sufficient in Natural Gas, Marcellus Shale Could Lead Nation in Production by 2020

Total 2011 economic impact of Marcellus could exceed $12 billion, Pennsylvania consumer savings topped $633 million in 2010 Duquesne, PA – At current rates, the Marcellus Shale formation could become the leading supplier of natural gas in the United States within a decade, according to an analysis released today entitled “The Pennsylvania Marcellus Natural Gas […]

Shale Gas and U.S. National Security

This study assesses the impact of U.S domestic shale gas development on energy security and U.S. national security. Prepared in conjunction with an energy study sponsored by the Baker Institute and supported by the U.S. Department of Energy. (Kenneth B. Medlock III, Amy Myers Jaffe, Peter Hartley)

By The Numbers: What Responsible Clean-Burning American Natural Gas Development Means For NY

Canonsburg, PA – Real progress is being made in New York State toward responsibly developing abundant supplies of clean-burning American natural gas from the Marcellus Shale formation. Recently, the Department of Environmental Conservation (DEC) released its updated draft Supplemental Generic Environmental Impact Statement (SGEIS), the proposed regulatory framework for shale gas development and hydraulic fracturing, […]

Drilling for Jobs – What the Marcellus Shale could mean for New York

There are very few opportunities available to New York State with the same jobcreating potential as exploring and developing the Marcellus Shale formation. The safe and sustainable development of the Marcellus can help to transform the economy in New York’s Southern Tier. The effects of the recent global recession are still resonating in much of […]