https://www.greencarcongress.com/2019/03/20190325-ihs.html
Quote
The Marcellus and Utica shale formations are among the largest sources of natural gas and natural gas liquids in the world, and their production will increase exponentially in the next two decades, according to an IHS Markit study.
Natural gas from the tri-state region of Ohio, Pennsylvania and West Virginia will supply 45% of the nation's production by 2040, up from 31% this year, according to the IHS study....
...The 2019 study says the region "will play a key role in satisfying America's increasing reliance on natural gas, as well as keeping energy costs moderate. Favorable production economics place the Marcellus and Utica shale plays amongst the most cost competitive in the nation."
The study found that by 2020, cost advantages for the production of various natural gas liquids in the Midwest versus the Gulf Coast are expected to range from 6% to 26%. The savings are impacting petrochemical company expansion plans.
Quote
The Marcellus and Utica shale formations are among the largest sources of natural gas and natural gas liquids in the world, and their production will increase exponentially in the next two decades, according to an IHS Markit study.
Natural gas from the tri-state region of Ohio, Pennsylvania and West Virginia will supply 45% of the nation's production by 2040, up from 31% this year, according to the IHS study....
...The 2019 study says the region "will play a key role in satisfying America's increasing reliance on natural gas, as well as keeping energy costs moderate. Favorable production economics place the Marcellus and Utica shale plays amongst the most cost competitive in the nation."
The study found that by 2020, cost advantages for the production of various natural gas liquids in the Midwest versus the Gulf Coast are expected to range from 6% to 26%. The savings are impacting petrochemical company expansion plans.