Utica Shale Still Holds Huge Potential, Execs Say
Fewer permits are being issued and the number of rigs has dropped, but executives of companies that ship oil and natural gas said the changes shouldn’t be viewed as a sign that folks are backing out of the Utica Shale.
“We plan to be here, at least for the long haul,” said Kris Evanto, manager of development for Williams Utica, co-owner of extensive pipeline and natural gas processing operations in eastern Ohio.
“There’s no question this area’s growing and will continue to grow,” added Anne Moore, director of business development for Spectra Energy, one of the companies developing the Nexus pipeline.
Evanto and Moore spoke Wednesday during “Utica Midstream: Pipe and Processing,” a seminar organized by the Canton Regional Chamber of Commerce and Shale Directories.
The Chamber has organized the Utica Midstream program for three years.Read more by clicking here.
It’s designed to connect companies building midstream operations with area businesses that can supply services and equipment.
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