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Shale Insight Conference looks at changes in natural gas, oil industry

The Shale Gas Insight 2012 conference in Philadelphia brought together representatives throughout the natural gas industry to talk about issues facing the industry, with a heavy focus on environmental issues.
by Adam Wilmoth Modified: September 20, 2012 at 9:30 pm •  Published: September 21, 2012

The Philadelphia conference marks the Marcellus Shale Coalition's second such meeting.

Much has changed over the past 12 months as the price of natural gas collapsed and many in the industry have fled to more profitable, oil-rich basins.

“It's put some pressure on that investment,” Klaber said of the Marcellus and other rock formations rich with dry gas. “We have to be that much more competitive. The wells have to produce that much better. The regulations have to be that much more straightforward.”

While low prices have wrecked the bottom line for thousands of natural gas companies throughout the country, Klaber said it's not all bad for the industry.

“That low natural gas price has brought along interest in a wide range of companies and industries,” she said. “We're generating much more electricity now from natural gas. You have heightened interest in transportation fuel. You're also seeing new manufacturing in Pennsylvania.”

Pennsylvania Gov. Tom Corbett opened the conference by praising the natural gas industry with a reference to Col. Edwin Drake, who is credited with drilling the country's first oil well in Titusville, Penn.

“I'm convinced that we are at the beginning of a new industrial revolution and you are the tip of the spear,” Corbett said. “It can bring us jobs and bring us prosperity while protecting the state. I'm convinced that this generation of Pennsylvanians can complete the journey that Col. Drake began.”

by Adam Wilmoth
Energy Editor
Adam Wilmoth returned to The Oklahoman as energy editor in 2012 after working for four years in public relations. He previously spent seven years as a business reporter at The Oklahoman, including five years covering the state's energy sector....
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