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Report: Shale boom cut gas prices in Pa.
CPBJ Staff//October 30, 2017
The report examined the last 10 years of natural-gas production in the Marcellus Shale region of Pennsylvania, one of the richest natural-gas deposits in the U.S.
The decade-long boom in production turned Pennsylvania into a net exporter of natural gas, according to “Pennsylvania’s Gas Decade,” a report by the Kleinman Center for Energy Policy at Penn.
Over the same period, natural-gas prices in Pennsylvania fell by 40 percent for residential users and an estimated 65.7 percent for commercial and industrial users.
“In terms of cost, shale gas has been a clear win for consumers,” said Christina Simeone, author of the report and director of policy and external affairs at the Kleinman Center.
Whether prices stay low depends on the growth of pipelines designed to carry natural gas to users outside Pennsylvania, the report said.
Plenty of pipelines are in the works.
Between 2007 and 2016, Pennsylvania saw more interstate pipeline proposals -53 applications – to the Federal Energy Regulatory Commission than any other state in the nation, the Penn report said. New York was second, with 27 applications.
