GO-WV “Optimistically Cautious” About Shale Gas Performance in 2023

Last week, MDN told you about the great news coming from the Gas and Oil Association of West Virginia, Inc. (GO-WV) and its newest annual Gas Facts report covering the impact in WV from the shale energy industry in 2022 (see WV Country’s 4th Largest NatGas Producer, Supplies 10% of U.S. Gas). West Virginia natural gas production increased 6% to 2.8 trillion cubic feet (Tcf) in 2022. WV moved up from fifth to now fourth largest natural gas producer in the country, providing 10% of the entire country’s natural gas supply. But what about 2023? What will the picture look like by Dec. 31 of this year, given the natgas price crash, mothballing of rigs, and other signs of a slowdown in drilling? Charlie Burd, GO-WV executive director, remains "optimistically cautious" about what this year will look like.

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