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OilMonster

Natural Gas August 06, 2019 01:00:09 AM

Record Levels Hit for West Virginia Oil and Natural Gas Production

Anil
Mathews
OilMonster Author
Production of natural gas rose last year to 1.8 trillion cubic feet (Tcf) from 1.5 Tcf in 2017, a year-over-year increase of 17 percent.
Record Levels Hit for West Virginia Oil and Natural Gas Production

SEATTLE (Oil Monster):  West Virginia oil and natural gas production reached record levels in 2018, the 10th straight year of output increases, according to data from the West Virginia Department of Environmental Protection (DEP).

Production of natural gas rose last year to 1.8 trillion cubic feet (Tcf) from 1.5 Tcf in 2017, a year-over-year increase of 17 percent.

Oil production grew nearly 60 percent, from 7.5 million barrels in 2017 to 12 million barrels in 2018. This is the largest amount of oil produced since 1900, when 16 million barrels were produced by the state.

“One of the primary reasons West Virginia is enjoying an historic budget surplus is because of the prolific rise in natural gas and oil production,” said Anne Blankenship, Executive Director of the West Virginia Oil & Natural Gas Association (WVONGA). “Rising production results in higher severance and property tax receipts which help fund critical services like education, road improvements, and health care, while also creating more jobs for West Virginians.”

“To put this monumental volume of gas production into context, the average West Virginia household consumes about 72 Mcf (thousand cubic feet) of natural gas per year. We produce enough gas in one day to meet the needs of all West Virginians.” said Blankenship.

Courtesy: www.wvva.com

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