The short answer to your question is at least a few decades, probably 30 years. As the second largest natural gas field in the world, at approximately 95,000 square miles and estimated to contain upwards of 410 trillion cubic feet of gas, this is an industry that will be around for quite some time. In […]
Yes, natural gas from shale formations – such as the Marcellus, Utica, and Upper Devonian – is essentially the same as natural gas that we have been producing from shallow formations for years. Now operators drill up to 8,000 feet underground, reaching the shale formation, before they begin the hydraulic fracturing process to stimulate trapped […]
How do our energy prices compare to other states that do not have natural gas and how can we use low pricing to attract manufacturing?
Great question. Cheap natural gas certainly provides a competitive advantage to manufacturers, and the proximity to that gas provides yet another advantage – the closer you are to the resource, the less you have to pay in pipeline transportation costs. As for energy prices, that’s a bit trickier to answer. As you probably know, crude […]
The vast majority, upwards of 90 percent of flow-back water (brine) is recycled and reused for future well completion activities. When the water returns to the surface, operators can either treat the water at the wellsite and store it for future use, or transport the water to a centralized water treatment facility where it can […]
How much do you pay in taxes–my husband and I pay taxes on our small pensions. Just curious to know how much your corporation pays?
The natural gas industry pays the same taxes as every other industry/business operating in the commonwealth. Since 2006, the natural gas industry is responsible for more than $1.8 billion in tax revenue, and over the past two years generated more than $400 million in impact fees.
Yes. In fact, as of September 2013, the U.S. Department of Energy has approved four export facilities with 20 additional permits awaiting review and approval. For additional information on liquefied natural gas (LNG), visit the Center for Liquefied Natural Gas.
Between trucking, compression, extraction, infrastructure repair and construction, etc., isn’t natural gas just as environmentally hazardous/unsustainable as other fossil fuels.
All energy sources, and all industrial activity, carry a level of risk. And when you think about it, every activity in life, carries some risk. The key to responsible energy development, like any other, is to effectively manage that risk. With stringent environmental (Clean Air Act, Clean Water Act, Clean Stream Act, Act 13 etc.) […]
Are price dynamics for Marcellus different from gas from non-shale sources (early production rate fall-off) and will price be more or less stable?
Natural gas prices — like virtually every commodity — will ebb and flow over time. It is quite clear, though, that our abundant and growing resource base will help keep energy prices affordable for American consumers and businesses for decades to come. In fact, President Obama said this during his 2013 State of the Union […]
According to the most recent data gathered by the Pa. DEP, Marcellus Shale producers are recycling and reusing more than 90 percent of the water that returns to the surface. The remaining water is disposed of in EPA-approved and permitted underground injection wells. MSC member companies have pioneered large-scale water recycling technologies over the past […]