As new data from the U.S. Energy Information Administration (EIA) show, the race is on to add new domestic natural gas transmission pipeline and storage capacity. Surging production from inland shale gas and tight sand basins is contributing to this demand for new capacity.I probably wouldn't have paid attention to this development except for all I've learned because of ONEOK's natural gas gathering and processing plants in Williams/McKenzie Counties.
"Shale gas is creating a big stress on the U.S. pipeline spider web," said Chris Faulkner, CEO of Breitling Oil and Gas. The Dallas-based exploration and production company operates in the Haynesville, Eagle Ford, Marcellus and Granite Wash shale plays.
"With shale gas impacting supply as a 47-percent component by 2035, I believe the current state of the pipelines coming down to the Gulf Coast is at an extreme crossroads."
I am still impressed with what ONEOK has done in the Bakken.
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