Published: August 24, 2016 |

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The chairman of a Texas energy company is high on his home state’s oil and gas opportunities, but also sees Ohio’s Utica shale and Pennsylvania and West Virginia’s Marcellus region as engines of growth.

Kelcy Warren, chairman of Dallas, Texas-based pipeline Energy Transfer Equity LP, described to Bloomberg the Permian basin in western Texas as “mind-boggling,” but said infrastructure in Texas and Louisiana might already be overbuilt.

He singled out the natural gas-heavy Utica and Marcellus shale plays, as well as the Bakken in North Dakota, for their growth potential.

Projections released Monday by the U.S. Energy Information Administration said shale gas is expected to account for 30 percent of the world’s gas production by 2040.

Though there are far fewer drilling rigs in eastern Ohio compared with a few years ago, companies are actively producing oil and mostly gas from the wells they’ve drilled.

Energy Transfer this year proposed a $32.9 billion takeover of Williams Cos. before walking away from the deal, Bloomberg said.

Source: (August 15, 2016) Columbus Business First

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