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Pennsylvania is the fastest-growing natural gas-producing state
December 17, 2013 - Ben Klein
Pennsylvania is the fastest growing natural gas producing state, according to the U.S. Energy Information Agency.
Natural gas production in Pennsylvania increased by 72 percent from 2011 to 2012, moving the Commonwealth from the seventh-largest to the third-largest marketed gas-producing state in the country.
Pennsylvania is expected to finish in second place, only behind Texas, when the data for 2013 is calculated.
"Production in the Marcellus region has grown so substantially that spot prices in the Northeast may continue to drop further below the Henry Hub spot price in the future. Texas, home to the Eagle Ford Shale play, grew 5% year-on-year, and stands as the largest gas-producing state by far."
The Marcellus Shale formation lies under large parts of Pennsylvania, West Virginia, Ohio, New York and some neighboring states.
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