This could mean that further attention may be directed at these stations, their locations, and emissions moving forward.
What this means for your investments
Because the Marcellus and Utica shales are largely natural gas — and not oil — plays, determining who the state’s biggest players are is straightforward. These are the companies that averaged producing the most cubic feet of natural gas per day during the first six months of 2013:
|Thousand Cubic Feet per Day|
|Chesapeake Energy Corporation (NYSE:CHK)||1,686,800|
|Cabot Oil & Gas Corporation (NYSE:COG)||1,010,000|
|Range Resources Corp. (NYSE:RRC)||682,400|
|EQT Corporation (NYSE:EQT)||570,200|
|Anadarko Petroleum Corporation (NYSE:APC)||489,500|
If a moratorium were ever to take place, Chesapeake and Cabot would be the biggest losers in terms of production.
But the bottom line is that as long as Democrats remain divided on the issue, and scientific studies continue to support the theory that fracking itself isn’t as big an environmental concern as previously thought, major changes that would affect your investments are unlikely.
The article Could Pennsylvania’s Approach to Fracking Affect Your Energy Stocks? originally appeared on Fool.com.
Fool contributor Brian Stoffel has no position in any stocks mentioned. The Motley Fool recommends Chevron, Ford, and Range Resources. The Motley Fool owns shares of Ford and General Electric (NYSE:GE) Company and has the following options: long January 2014 $30 calls on Chesapeake Energy (NYSE:CHK).
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