Ohio Valley to produce 45 percent of nation’s natural gas
In the first study of its kind, IHS Markit determined that the Marcellus and Utica shale formations will supply nearly half of the nation’s natural gas and nearly a fifth of its natural gas liquids by 2040.
The Marcellus and Utica shale formations have become a national center of natural gas and natural gas liquids production. This resource base will play a key role in satisfying America’s increasing reliance on natural gas, according to an IHS Markit study. The projected savings linked to processing natural gas liquids such as methane, propane and butane in the tri-state region of Ohio, Pennsylvania and West Virginia rather than the Gulf Coast are expected to range from 6 percent to 26 percent. The significant savings already is attracting investors’ attention and elevating the region’s investment profile.
The Shale Crescent: The New Leader for Energy Investments
For many years, the Gulf Coast has been the No. 1 location for energy-intensive companies, but things have changed. Companies that locate in the Shale Crescent region, which includes Ohio, West Virginia and Pennsylvania, generate a net present value four times higher than that of the Gulf Coast. Companies have the advantage of market access, a stable workforce, plentiful natural gas and abundant water. Trusted resource IHS Markit has compared projects in the Shale Crescent region to projects in other locations and verified they bring about greater savings and profits. Look no further for your company’s next move than the Shale Crescent.