Philly Conference: Dramatic Ramp-up & Challenges in PA Midstream

A conference in Philadelphia yesterday, hosted by the law firm Blank Rome and by engineering firm Hull and Associates, focused on the importance of the midstream--pipelines and processing plants. And for good reason--there's an incredible amount of money being spent in the midstream sector. Here's what grabbed our attention about the conference: One of the speakers quoted numbers from Oil and Gas Journal that say spending on pipelines across the U.S. was $8.6 billion last year, in 2012--but this year, that number is zooming to $38 billion! We will add our own number to that mentioned at yesterday's conference. MDN has just published Volume 2 of the Marcellus and Utica Shale Databook. In our new volume we compiled a comprehensive list of 111 midstream and infrastructure projects that either already are being built or have been announced. MDN found that from 2013 and spanning the next 10-15 years, announced midstream projects in the Marcellus/Utica region will top $40 billion of investment! That's investment in just the Marcellus/Utica...

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