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A study from the University of Pennsylvania’s Kleinman Center for Energy Policy titled “Pennsylvania’s Gas Decade: Insights into Consumer Pricing Impacts from Shale Gas” has found that the development of the Marcellus Shale formation has likely contributed to the some positive benefits for all Pennsylvania residents during the study period of 2007 to 2016.
The study highlighted a few key items, including –
The continued benefits of some of these discounts may erode in the future if many of the pending applications for pipelines are approved. These pipelines would make it easier for producers to get their gas to market, which would be a boon for producers, but this could hurt some of the benefits for consumers. During the period of this study, 53 pipelines with capacity of 12,939 MMcf/d were built, and during the first several months of 2017, additional pipelines with capacity of more than 50% of the prior 10 years was approved, demonstrating the continued strong interest in Pennsylvania’s vast gas reserves.
Hopefully the next 10 years will continue to generate additional benefits to Pennsylvania as producers in the state continue to expand production of natural gas from the Marcellus Shale. To learn more about our services to the energy and natural resource sectors, contact us.
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