I hope you are right. But, I seen a bad sign up the road from me. Shell Appalachia reclaimed a frack water retention pond. If it was not for a road sign, you’d never know it was there.
Yes, I have a vested interest as a land owner in all this. And it is not about ground water. The safety measures they have now should be shutting up the envirowackos, but nothing does.
I have only seen two new flares since the beginning of this year. I don’t know if the price is no longer profitable, Wolfie has them scared in Harrisburg, or Ohio and West Virginia is better quality gas.
Here is some examples, This $30 Billion investment does not include drilling and wells. I’ve spent a couple decades involved in engineering/construction/maintenance/upgrades of facilities that comes after the wells are in place.
Blue Racer: $30B In Infrastructure Needed
http://www.theintelligencer.net/page/content.detail/id/623826.html
January 30, 2015
Not being able to load ethane onto the ATEX Express because the Blue Racer Natrium plant’s connection remains shut down following the pipeline’s Monday explosion is only one of the challenges company officials see in the Marcellus and Utica shale.
“In excess of $30 billion worth of infrastructure still needs to be built,” Scott Williams, executive vice president and chief commercial officer for Blue Racer, said Thursday during the Marcellus-Utica Midstream Conference in Pittsburgh.
Williams said new pipeline infrastructure leading out of Natrium connects to Sunoco’s Mariner West pipeline, which can transport ethane to Ontario, Canada for cracking at the Nova Chemicals Corunna petrochemical facility at Sarnia. In addition to the Natrium plant, Williams said Blue Racer’s infrastructure now includes the Berne complex in Monroe County. The company’s extensive pipeline network features lines traveling as far north as Cleveland....
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Ohio getting ethane cracker plant
http://www.bizjournals.com/columbus/blog/ohio-energy-inc/2014/08/ohio-getting-ethane-cracker-plant.html
A billion-dollar ethane cracker plant for the oil and gas industry is crossing the Ohio River.
Now, the facility that was initially planned for West Virginia will be built in Monroe County.
Appalachian Resins Inc., a Houston company, has leased 50 acres of land in Salem Township to build a 600 million pound per year plant, the company told Downstream Today.
Such plants are highly sought. West Virginia and Pennsylvania are also eyeing ethane cracker plants that process ethane and other natural gas components from the area’s Utica and Marcellus shale for use in the plastics industry, especially in the Gulf Coast....
By the way, I grew up in the general area (NE Ohio) and moved to Texas for the jobs/opportunity/pay rates that this industry offered. The drilling is only the beginning of the jobs that follow at a more steady and lasting rate.
Can you help me understand the "bad" in this?