Marcellus/Utica NatGas Production Hits 4-Mo High with Start of MVP

Last week, MDN told you about some of the early impacts as a result of the 303-mile Mountain Valley Pipeline (MVP) that stretches from Wetzel County, WV, to Pittsylvania County, VA, coming online (see MVP Lowers Gas Prices in Southeast, Raises Prices in Northeast). MVP has caused regional pricing in the M-U to go higher (new demand) and regional pricing for customers in the Southeast to go lower (new supply). It's magic! It will come as no surprise that drillers who are seeing higher prices for their natgas, more capacity to ship it, and more demand for it are now producing more of it.

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