Natural gas prices rise from historic lows - WOWK 13 Charleston, Huntington WV News, Weather, Sports

Natural gas prices rise from historic lows

Posted: Updated:
  • EnergyEnergyMore>>

  • EPA extends Clean Power Plan comment period to December

    EPA extends Clean Power Plan comment period to December

    Tuesday, September 16 2014 5:17 PM EDT2014-09-16 21:17:35 GMT
    The U.S. Environmental Protection Agency announced Sept. 16 the decision to extend the public comment period on the Clean Power Plan an additional 45 days, from Oct. 16 to Dec. 1, 2014.
    The U.S. Environmental Protection Agency announced Sept. 16 the decision to extend the public comment period on the Clean Power Plan an additional 45 days, from Oct. 16 to Dec. 1, 2014.
  • Landmark fracking study finds no water pollution

    Landmark fracking study finds no water pollution

    Tuesday, September 16 2014 2:34 PM EDT2014-09-16 18:34:47 GMT
    The final report from a landmark federal study on hydraulic fracturing, or fracking, found no evidence that chemicals or brine water from the gas drilling process moved upward to contaminate drinking water at a site in western Pennsylvania.
    The final report from a landmark federal study on hydraulic fracturing, or fracking, found no evidence that chemicals or brine water from the gas drilling process moved upward to contaminate drinking water at a site in western Pennsylvania.
  • Duke Energy pledges $500M to expand solar energy in North Carolina

    Duke Energy pledges $500M to expand solar energy in North Carolina

    Monday, September 15 2014 10:22 AM EDT2014-09-15 14:22:53 GMT
    Duke Energy has committed to contribute $500 million to a major solar power expansion in North Carolina, the company announced Sept. 15.
    Duke Energy has committed to contribute $500 million to a major solar power expansion in North Carolina, the company announced Sept. 15.
PITTSBURGH (AP) -

Wholesale natural gas prices have doubled over the last year, and that's bringing sighs of relief from an unusual variety of interests.

According to federal energy statistics natural gas topped $4 per thousand cubic feet in early April, after falling below $2 a year ago.

Gas drilling companies are obviously happy, and so are leaseholders and states that get revenue based on the market price. But the coal industry and renewable energy advocates are cheering the news, too, since gas no longer has a huge price advantage over those other energy sources.

But a new drilling boom isn't imminent.

The Marcellus Shale Coalition, an industry group, says current prices will have to be sustained for months or years for companies to drill significantly more wells than they are now.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.