Economic Impact

Maine Cement Plant Closing Because Gas Pipeline was Canceled

Actions have consequences. Environuts, like the lefties in Maine, seem to forget that. In early 2021, Summit Natural Gas of Maine, a regional utility company, announced plans to extend its service territory into Maine’s Midcoast region with a $90 million pipeline project (see Summit Natural Gas of Maine Plans Small $90M Pipe in Midcoast). The…

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Belmont County, OH Lodging Tax from O&G Workers Grows Tourism

The transient workers in the Ohio Utica Shale field must stay somewhere. That somewhere is typically a hotel or motel. Belmont County, one of the hotbeds of Utica drilling, has many such transient workers. Their overnight stays at area hotels and motels create a big pile of lodging tax revenue, which is used to help…

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PA Manufacturers Release Study Supporting Philly LNG Export Plan

Last week, MDN told you about the third and final public hearing held by the Pennsylvania House Philadelphia LNG Natural Gas Export Task Force (see Chester Residents Oppose Philly LNG Export Project at Final Hearing). The Task Force was established by law in early 2022 to study how to establish Philadelphia LNG exports to international…

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WV Country’s 4th Largest NatGas Producer, Supplies 10% of U.S. Gas

Using data from several government agencies, the Gas and Oil Association of West Virginia, Inc. (GO-WV) published its annual Gas Facts report last week. According to the report (copy below), West Virginia natural gas production increased 6% to 2.8 trillion cubic feet (Tcf) in 2022. WV has moved up from fifth to now fourth largest…

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PwC Study: U.S. O&G Provided Nearly $2 Trillion in Benefits in 2021

The American Petroleum Institute (API) earlier this week released a new report on the growing economic contributions of America’s natural… Continue reading The post PwC Study: U.S. O&G Provided Nearly $2 Trillion in Benefits in 2021 first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.

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Cleveland U Study: Ohio Utica Shale Investment Tops $100 Billion

JobsOhio, a private, nonprofit corporation that works on behalf of the state to drive job creation and new capital investment… Continue reading The post Cleveland U Study: Ohio Utica Shale Investment Tops $100 Billion first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.

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M-U Real Estate Market Booming – Manufacturers Invest $100+ Billion

The Marcellus/Utica region is becoming a booming real estate market and manufacturing destination in the U.S., with manufacturing investment currently… Continue reading The post M-U Real Estate Market Booming – Manufacturers Invest $100+ Billion first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.

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Columbia Gas Asks Ohio for Expedited Approval of 4-Mile Pipeline

Chip manufacturing giant Intel has committed to building two semiconductor factories in New Albany, Ohio, making a huge investment of… Continue reading The post Columbia Gas Asks Ohio for Expedited Approval of 4-Mile Pipeline first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.

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$150M Manufacturing Plant Coming to WV, Cites M-U NGLs as Reason

Some exciting news out of West Virginia to share. During last evening’s State of the State address, WV Gov. Jim… Continue reading The post $150M Manufacturing Plant Coming to WV, Cites M-U NGLs as Reason first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.

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The Staggering Cost to WV of NOT Completing Mountain Valley Pipe

WV U.S. Senator Joe Manchin, the third most unpopular Senator in the U.S. right now (pretty much hated by everyone… Continue reading The post The Staggering Cost to WV of NOT Completing Mountain Valley Pipe first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.

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Shale O&G has Invested Nearly $100 Billion in Ohio Since 2011

JobsOhio, a private nonprofit largely funded by liquor sales that the state allows the nonprofit to collect (in essence, it… Continue reading The post Shale O&G has Invested Nearly $100 Billion in Ohio Since 2011 first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.

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The Radical Left’s War on Fossil Fuels Causing Economic Chaos

We spotted an article about the left’s war on fossil energy, and how that war is causing economic chaos around… Continue reading The post The Radical Left’s War on Fossil Fuels Causing Economic Chaos first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.

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Shell Officials Optimistic Cracker Plant Will Attract New Business

Earlier this week, Shell announced its mighty ethane cracker plant in Beaver County, PA (near Pittsburgh) is finally, ten years… Continue reading The post Shell Officials Optimistic Cracker Plant Will Attract New Business first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.

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PA Gov Wolf Signs into Law $2.1B Tax Credit Bill for H2, NatGas

Pennsylvania House Bill (HB) 1059 is legislation to provide $142 million annually in state tax credits for several purposes, including… Continue reading The post PA Gov Wolf Signs into Law $2.1B Tax Credit Bill for H2, NatGas first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.

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