MarkWest, CPG Sing Marcellus/Utica Praises at WVONGA Meeting
It wasn't just upstream/drilling companies that presented at the West Virginia Oil and Natural Gas Association's annual meeting two weeks ago at Oglebay Resort (see today's story about Antero). Midstream (pipeline and processing plants) companies were also represented. Two of the biggest addressed the delegates: MarkWest Energy and Columbia Pipeline Group. A couple of items piqued our interest in comments made by each. MarkWest's executive VP and chief commercial officer Greg Floerke teased that it's not just pipelines that will transport natural gas liquids out of the Marcellus/Utica region--but also railroads. That's the first time we've seen public comments by a MarkWest muckety muck mentioning an alliance with rail to move NGLs out of the northeast. Columbia Pipeline's executive VP and chief commercial officer Stan Chapman offered an eye-popping statistic: Columbia will triple in size from now until 2018 because of the Marcellus/Utica. According to Chapman, their experience is not unique...
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