Speakers at Marcellus Midstream Conference: Infrastructure Critical to Future Success
According to speakers at today’s Marcellus Midstream Conference and Exhibition in Pittsburgh, infrastructure will be play a key role, and if not ramped up quickly, may create problems for drillers in the Pennsylvania Marcellus Shale.
“The opportunity for Marcellus Shale production growth can be overwhelmed by a lack of infrastructure,” said Scott Soler, managing director of Houston-based private equity firm Quantum Energy Partners.
Soler said an estimated $10 billion must be spent on pipelines, processing and storage facilities within five years to keep up with projected production.*
Bentek Energy, also presenting at the conference, said the industry has announced or already begun more than 30 pipeline projects, including new pipelines or expansion of existing pipelines.
MDN recently reported on new processing, fractionation and storage facilities announced by both Dominion and MarkWest. Infrastructure will play a key role in drilling in the Marcellus for years to come.
*Pittsburg Tribune-Review (Apr 21) – Marcellus Shale infrastructure inadequate, energy exec says