Natural gas prices decline sharply in WV in last 10 years

CHARLESTON, W.Va.-(WTAP) In a decade where oil and gas drilling increased-then leveled off-natural gas prices have fallen dramatically.

A West Virginia agency, citing figures from the U.S. Energy Information Administration, says customers have saved more than $1.5 billion on their gas bills since Marcellus Shale drilling began nearly a decade ago.

And that, according to the West Virginia Oil and Natural Gas Association, figures in the decline of drilling the past three years.

"And as we are hearing more about investments and downstream uses, that will absolutely affect the demand and the need for continued increases in production," says Executive Director Anne Blankenship. "So we expect production to continue to increase, and drilling to increase."

Blankenship adds the development of pipelines in the region should increase delivery of natural gas, increasing availability and keeping prices low.