Telephone: 724-787-4451

Tri-State Shale Coalition Agreement Extended

  April 2018 / Vol 8 Issue 2

Tri-State Shale Coalition Agreement Extended
By: Robert Johnson, President, ADKL LLC

 

The Governors of Ohio, Pennsylvania, and West Virginia have announced the extension of the Tri-State Shale Coalition thru December 31st, 2021. The extension will continue for three more years after being initiated in 2015.

The goal of the coalition is to maximize growth in the shale gas region and collaborate on areas critical to the success of the growing industry. The three neighboring states within the Appalachian Basin will continue to discuss new business marketing efforts, workforce development programs, infrastructure expansion, and academic research collaboration.

Since entering the agreement in 2015, Ohio’s horizontal shale wells produced an average of 19.2 million barrels of oil and 1.36 trillion cubic feet of natural gas – an increase of 275.5 percent and 619.4 percent, respectively, from the three-year average preceding the agreement. Production of natural gas has increased each consecutive year since 2014.

Recent studies including Team Pennsylvania’s IHS Markit Report describe the economic significance of shale development including four proposed ethane cracker facilities in addition to the Shell cracker facility currently under construction in Monaca, PA. Other studies demonstrate the potential of shale gas development and the need for the three states to collaborate in regional economic development. Progress has been made on workforce training, research, infrastructure and marketing. The three states have been successfully collaborating on the above initiatives since formation of the Tri-State Shale Coalition in 2015.

For additional information on how you can support the petrochemical industry please contact me at rjohnson@adkl.org


Robert Johnson
President, ADKL LLC
www.adkl.org

 

Visit Us On FacebookVisit Us On Twitter