Clean Energy Fuels Corp (CLNE), Chesapeake Energy Corporation (CHK): One State Taking Charge of Its Natural Gas Future

The company has also shifted some of its attention to next-door neighbor Ohio’s Utica Shale. It’s not the only Marcellus driller to look to the higher profit potential in the liquids-rich Utica. Smaller drillers like Rex Energy Corporation (NASDAQ:REXX) are also looking west to the Utica in an effort to grow liquids production. The company reported positive results at three recently drilled wells at its Warrior South project. While all this attention is great for the Utica, Pennsylvania would rather have drillers investing that drilling capital within its borders to add more jobs and tax revenue.

The economic incentives of increased drilling are important parts of the equation. However, using natural gas as a transportation fuel is well-documented as a cheaper and cleaner alternative to gasoline or diesel, making it a win-win solution to use more of it. The state can see that these benefits far outweigh the risks, which is why it’s moving ahead to increase its own use of this massive resource.

The article 1 State Taking Charge of Its Natural Gas Future originally appeared on Fool.com and is written by Matt DiLallo.

Motley Fool contributor Matt DiLallo has no position in any stocks mentioned. The Motley Fool recommends Clean Energy Fuels. The Motley Fool has the following options: Long Jan 2014 $20 Calls on Chesapeake Energy, Long Jan 2014 $30 Calls on Chesapeake Energy, and Short Jan 2014 $15 Puts on Chesapeake Energy.

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