DUG East: Appalachia Is A Model Region For Petrochemical Profitability
Appalachia has accounted for 85% of production growth across the U.S., but it still gets overlooked for the Gulf Coast as the set up shop for petrochemicals.
Wally Kandel, Shale Crescent USA co-founder and senior vice president at Solvay Specialty Polymers USA LLC, spoke on the demand spotlight panel at Hart Energy's DUG East Conference and Exhibition. (Source: Len Vermillion/Hart Energy)
Thwarted by infrastructure and environmental obstacles, the Appalachian region has still managed to gain an edge over the Permian Basin as far as natural gas production goes.
Since 2008, Appalachia has accounted for 26.5 billion cubic feet per day (Bcf/d) of natural gas production—85% of production growth across the U.S.— according to a Shale Crescent USA report presented at Hart Energy’s recently held DUG East Conference and Exhibition. The report found that the Permian Basin was responsible for 2.3 Bcf/d.