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West Virginia: Billions already spent on drilling and fracking; giant projects could follow
 [The Wheeling Times Leader] WHEELING ‐ As a region flush with coal, oil and natural gas reserves beneath the ground’s surface, billions of dollars worth of investment continue flowing into northern West Virginia and eastern Ohio for mining, drilling, fracking, pipelining and processing.As 2017 closes, the wait is on to see how the announcement by China Energy to spend $83.7 billion to build petrochemical plants and electricity generators in West Virginia will unfold in 2018 and beyond. The proposed PTT Global Chemical ethane cracker for Belmont County, meanwhile, a project with an estimated price tag of up to $6 billion, will eventually realize an affirmative or negative decision, as well. Still, even before these "downstream" investments, new pipelines continue to be built, new wells are being drilled and fracked, and more coal continues to be shipped out of the region. Drilling, Fracking and Pipelining Virtually anywhere one goes in the Upper Ohio Valley, he or she will likely see signs of the oil and natural gas industry. Whether one sees rigs rising above the horizon in Belmont County, pipelines being installed in Marshall County, pickup trucks and sport-utility vehicles parked at hotels in Ohio County, flaring at processing plants in Harrison County, or "sand can" trucks traveling between fracking operations along highways, the signs are clear. Now, according to the Ohio Department of Natural Resources, Belmont County features more permitted horizontal wells than any of the state’s other 87 counties. For several years, Carroll County led the way with the most drilling operations. According to industry leaders, one of the significant impediments to growth in recent years has been the lack of interstate pipeline infrastructure to transport natural gas to market. As 2017 draws to a close, this appears to be on its way to resolution. The Federal Energy Regulatory Commission has given approval to multiple pipelines, including: Posted by: Besoeker 2018-01-01 |
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