20 JUNE 2023 WorldWide Drilling Resource® Undisputed King of U.S. Natural Gas Production Adapted from Information by the Marcellus Shale Coalition® Last year was a record-breaking year for natural gas production in the United States, with the Appalachian Basin remaining the undisputed king of U.S. natural gas production. Leading the regional charge is Pennsylvania, which went from producing just 25% of its own natural gas needs, to becoming the second largest producing state in the nation, responsible for over 20% of the nation’s natural gas production. This is key to advancing the country’s energy, economic, and environmental goals while also strengthening its security through strategic assistance to allies in Europe and beyond. In short, abundant, affordable, and domestic energy production is good for the consumer, for the U.S. economy, and the environment. “The energy macro landscape remains volatile as the world continues to grapple with a structural undersupply of natural gas. Thanks to American-sourced LNG (liquefied natural gas), Europe has done a commendable job refilling its storage over the past few months,” said Toby Rice, EQT Corporation CEO. The worldwide need for natural gas is evident with record amounts of American LNG being exported to countries across the globe. The U.S. is poised to regain its ranking as the top exporter of natural gas this year, infusing the economy with billions of dollars while supporting tens of thousands of family-sustaining jobs. At a recent trade event, Chesapeake Energy’s CEO Nick Dell’Osso said the natural gas and oil industry has a responsibility to the world to help people get out of energy poverty and to better lives. “We have the ability to do that, we have the ability to do that uniquely from the United States, and we have the ability to do that even more uniquely from Pennsylvania,” he explained. And as Chad Zamarin of Williams Energy said at a committee hearing in Philadelphia last year, “Pennsylvania remains the most economic supply base. We produce the cleanest natural gas and we as a country need to treasure and take advantage of that.” Leading the largest natural gas producing region in the country, and with the strongest environmental profile, Pennsylvania’s natural gas industry is able to deliver more affordable, cleaner, and reliable energy to the world while also increasing access for consumers in the United States. “America is the world’s largest producer and exporter of natural gas, with the Appalachian Basin alone representing the third largest producing region in the world, positioning our industry to assist our strategic trading partners and meet our own energy demands,” said Dave Callahan, Marcellus Shale Coalition president. Despite significant milestones and an undeniable need for the essential fuel, some still advocate we keep this strategic resource in the ground. It is critical policymakers understand the importance of and advocate for pro-growth policies which encourage domestic energy production, along with the consumer benefits, jobs, national security implications, and environmental progress. WOW, IT WORKED! NOW, DON’T BUY OUR NEW SHARK REAMER 618-439-4042 infinitytoolmfg.com G&O Have your company visible every month HERE $100 per month = prepay $1200 annually.
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