In most articles about the slowdown of drilling and the low natural gas price the number one consistent cause is usually: infrastructure – pipeline. In addition to many drilled and fracked wells, don’t forget the DUCs (Drilled UnCompleted Wells) that continue to sit idle.
In times where our national economic growth now hovers around 1.75-1.94% (a healthy economy is around 3% annual growth), and the current Washington Administration is shutting down coal mines. why aren’t we moving more aggressively with the badly needed pipelines? For those of you who didn’t attend the first Utica Summit 2012 (Canton, OH) J.P. Morgan was the keynote speaker. It was a real eye-opener to me to hear the Marcellus shale play called – by the financial markets – the ‘Marcellus Monster’. With that, there is a rough estimated $6- $8 billion to be spent with the build out of pipelines. Here’s a few:
- Atlantic Sunrise – when completed this pipeline will run nat gas from northeast PA through MD and down to the southern states.
- Mariner East 2 – this pipeline starts in western PA and flows to a port in Philadelphia carrying propane and butane, by-products of natural gas. Once in Philadelphia the natural gas is processed in Marcus Hook, a fractionation plant, then shipped overseas
- Penn East – starting in northeastern PA, the Scranton/Wilkes-Barre area to Princeton, NJ.
- Constitution – starting in most eastern part of PA and ends up serving the NE states. Get this –today, these folks are purchasing natural gas from Canada at about a cost of $19. vs. $4. US Marcellus natural gas!! Who would not want cheaper gas with best technology and regulations?
- Nexus – originating in southeastern OH and travels to MI, then to Canada. The natural gas will help replace the coal which again, has been mandated to shut down.
- Rover – almost a sister pipeline to Nexus, will originate in southeastern OH to MI and end in Canada.
To keep current on the pipeline build out, drilling updates and good networking opportunities, you should attend these events:
Utica Summit IV, Canton, OH October 11, 2016 www.uticasummit.com
Midstream PA 2016, State College, PA, October 13, 2016 http://www.midstreampa.com/
Can’t attend, then show your support of the Atlantic Sunrise now by clicking the link below and sending a message to Governor Wolfe, PA, to keep the pipeline moving….and help to support the national, regional and locals economies that benefit from the natural gas industry.