Pennsylvania has emerged as one of the nation’s new gas giants, making it the second most vital natural gas-producing state in the nation, writes Jude Clemente for Forbes.
Pennsylvania currently yields more than 20 percent of the nation’s gas, yielding more than 18 billion cubic feet per day, second only to Texas’s 22 bcf/d.
The Keystone State’s gas output has exploded 32-fold over the last decade, after the shale production began boosting output.
Since then, Pennsylvania has produced roughly six trillion cubic feet of the entire nation’s 11.6 tcf of new gas supply. Also, around 16 new gas plants worth $15 billion have been built in Pennsylvania over the last three years.
Today, natural gas is 35 percent of Pennsylvania’s power generation, a significant jump from 23 percent in 2012. This new dominance of gas over coal has also lowered the Keystone State’s power sector CO2 emissions by 30 percent.
And the future also looks bright. Evolving technologies and practices are making it possible for several Marcellus gas producers to make a profit or at least break even at very low prices. Marcellus holds an astounding 125 Tcf in proven reserves.
Read more about Pennsylvania’s gas growth in Forbes here.