RBN Energy: Houville -- the big new NGL hub in the Marcellus/Utica.
No, this is not the Whoville located south of Mt. Crumpit within the mountainous high range of Pontoos. And there is no Grinch in this Houville, at least during the 2012 Christmas season. Instead, this Houville is the center of an emerging Marcellus/Utica based NGL hub soon to take its place among the largest in North America.
A hugely relevant essay in light of the WMB announcement this past week, in a joint venture to buy up the "remaining" midstream assets of Chesapeake.
Over the next couple of years, almost 500 MB/d of new fractionation capacity will be built in the region, and it will start filling quickly. Sometime in 2016 or sooner, Houville will blast past Conway as the second largest Y-grade hub in the country, exceeded only by Mont Belvieu. That’s a big deal. So we need to spend some time understanding what is happening in this Houville, the big new NGL hub in Marcellus/Utica.
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