Publication: American Oil and Gas Reporter
Issue: April 2018
By Dan Larson
Confronted by the immense volume of natural gas produced in the Marcellus, the energy industry in Tennessee faces a “new reality” as it seeks markets for its production, according to industry executives.
Oil development has seen a modest increase in activity in parts of the state, they report, but natural gas production remains at volume lows not seen for decades.
“We had a cold winter in New England, which should be good for natural gas prices, but there is such a massive amount of gas coming from the Marcellus that prices for Tennessee gas did not budge all winter,” says Gary Bible, chairman of the Tennessee Oil and Gas Association.