Economic

People — David Sweet, PA PUC

The Pennsylvania Senatethis week confirmed Democratic Gov.Tom Wolf’s former energy adviser,David Sweet, to serve on the state Public Utility Commission (PUC) 49-0. Wolf nominated Sweet to the commissioner’s seat in May. He joined Wolf’s administration in April 2015 to focus on energy and economic development issues. It’s unclear whether Wolf intends to replace Sweet. “David’s extensive background in economic development and finance will lend itself well to the commission’s work and its mission, balancing the needs of consumers and utilities,” said PUC Chairwoman Gladys Brown.

June 16, 2016
VA Lawmakers Write in Support of Atlantic Coast Pipeline

VA Lawmakers Write in Support of Atlantic Coast Pipeline

A bipartisan group of more than 30 Virginia state lawmakers has come out in support of the proposed Atlantic Coast Pipeline (ACP), saying the project would “be a major step forward in promoting” Virginia’s “economic and environmental health.”

March 16, 2016
Need For Atlantic Coast Pipeline ‘Urgent,’ VA Lawmakers Say

Need For Atlantic Coast Pipeline ‘Urgent,’ VA Lawmakers Say

A bipartisan group of more than 30 Virginia state lawmakers has come out in support of the proposed Atlantic Coast Pipeline (ACP), saying the project would “be a major step forward in promoting” Virginia’s “economic and environmental health.”

March 15, 2016

Oil, Gas Has $31.7B Economic Impact in Colorado, University Report Says

During 2014, the oil and natural gas industry in Colorado accounted for $31.7 billion in overall economic impact, including 102,700 jobs worth $7.6 billion in compensation, according to a University of Colorado (UC) study released Tuesday.

December 30, 2015

Cleveland State Anticipates More Utica-Related Economic Growth For Ohio

A new Cleveland State University (CSU) study predicts that Ohio’s Utica Shale industry could help create 10,505 full-time jobs by 2019, mainly as the result of post-production opportunities in areas such as the supply chain and the petrochemical industry.

November 23, 2015

Texas NGV Grants Boost Economy by $128M, Report Finds

Three state grant programs focused on the Texas Triangle of Houston, Dallas-Fort Worth, San Antonio and Austin to promote natural gas use in transportation resulted in $128 million in economic stimulus between 2012 and 2014, according to a report released Monday by the University of Texas, San Antonio (UTSA).

February 24, 2015
Hundreds Join Sempra Energy for Cameron LNG Groundbreaking

Hundreds Join Sempra Energy for Cameron LNG Groundbreaking

Sempra Energy officially broke ground on the company’s Cameron liquefied natural gas (LNG) project on Thursday, just weeks after receiving final authorization from the U.S. Department of Energy (DOE) that cleared the way for it to export up to 1.7 Bcf/d of domestically produced LNG to non-free trade agreement (FTA) countries (see Daily GPI, Sept. 10).

October 24, 2014
Eagle Ford Is Multi-Billion-Dollar South Texas Growth Engine

Eagle Ford Is Multi-Billion-Dollar South Texas Growth Engine

Eagle Ford Shale oil and natural gas production generated more than $87 billion in economic output for Texas last year, and that contribution to the state’s economy is projected by researchers to grow to $137 billion by 2023.

September 25, 2014

Permian Spreading Big Money, Low Unemployment Across Region

The empty, windswept plains of West Texas and southeastern New Mexico, where tumbleweeds the size of SUVs roll down the highways and blinding dust storms stretch for miles, belie the growing prosperity of rural, mile-wide communities, with some fast food workers making $20/hour and motel rooms going for $400 a night.

September 5, 2014
Industry Panel Debates Best Way to Get Marcellus/Utica Gas to Northeastern Markets

Industry Panel Debates Best Way to Get Marcellus/Utica Gas to Northeastern Markets

As natural gas production from the Marcellus and Utica shales in the Northeast continues to soar, the industry faces a delicate balancing act on what types of pipelines or liquefied natural gas (LNG) projects make economic sense to construct in order to get the gas to market, a panel of industry executives said Monday.

June 17, 2014