Wednesday, July 31, 2013

Stunning Fact: Gas Production Jumps 100% In Southwest Pennsylvania And Marcellus Supplies 10% Of America's Gas

Gas production in Southwest Pennsylvania jumped 100% from July 2012 to July 2013. Production from that comparatively small area provided 1% of all of America's gas in 2012 and now 2%.  Amazing!

Booming production in the Southwest Pennsylvania, as well as other parts of the Marcellus, has made the region a natural gas powerhouse that supplies about 10% of America's natural gas. This booming production is also one reason why spot pricing of Marcellus gas is the lowest in the nation. Indeed, recently it has been around $3 for a thousand cubic feet or below that key price point.

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