Here are five things to know about energy in the region heading into 2022: 1. Natural gas industry continues to rebound A year ago, things looked somewhat bleak for the natural gas industry. On the heels of the economic shocks and demand declines from the pandemic, natural gas production had been choked back, and drillers were slowing down activity as prices in 2020 hit record lows.

Environmental advocates have filed a new legal challenge against the Pittsburgh-based Mountain Valley Pipeline over the recent approval of its state water permit in Virginia. The Virginia State Water Control Board on Dec. 14 voted 3-2 for the permit, which will allow the 303-mile natural gas pipeline to cross streams and wetlands in parts of six counties in Virginia along its route.

The oil and gas sector continued growing in fourth quarter 2021, according to oil and gas executives responding to the Dallas Fed Energy Survey.

Dec 28 (Reuters) - A magnitude 4.5 earthquake that rattled the Permian basin in Texas on Monday night is likely to add pressure on oil producers in the region to slow or stop underground wastewater injections that regulators believe may cause the tremors.

By Joe Carroll on 12/29/2021 HOUSTON (Bloomberg) --Oil drillers in the biggest U.S. fields are shouldering record costs at the same time that some banks are increasingly reluctant to loan money to the sector, according to the Federal Reserve Bank of Dallas.