UPDATE: Shale Development Bringing Investment Across Ohio River Valley

"UPDATE (03/07/13 6:00 am ET): Ohio may be seeing more midstream facilities in the coming year.  At a conference last year, information surfaced pointing to Kinder Morgan building a processing plant.  According to the Akron Beacon Journal, company spokesman Richard Wheatley said Kinder Morgan is looking at Ohio’s Tuscarawas County for the facility, but nothing has been confirmed.  While this is only speculation, it is positive to hear the company is considering Ohio locations.  Another company, EV Energy Partners, who are active in the state, mentioned Kinder Morgan’s project during its earnings call last week.

Kinder Morgan is the largest midstream and the third largest energy company in the North America.  Between its four publicly traded entities, it owns or operates 75,000 miles of pipeline and 180 terminals, totaling $100 billion.

The proposed Kinder Morgan project would include a natural gas processing plant meant to handle up to 300 million cubic feet of natural gas per day and a fractionation plant to handle up to 48 million barrels of natural gas liquids a day.

Word of the continent’s largest midstream company coming to Ohio is excellent news.  Not only would Tuscarawas and the state benefit from job creation, but also facilities allowing producers to continue developing Ohio’s Utica Shale.  The project would join five other gas processing plants in the works in eastern Ohio.

–Original post from February 20, 2013–

Communities across Appalachia are seeing new jobs and incredible investment stemming from a new influx of oil and natural gas related operations. As  the development of the Marcellus and Utica/Point Pleasant Shale formations continues to expand,  new projects –  like the recently announced processing and polyethylene manufacturing plants – are coming online to create marketable products from the incredible amount of natural gas being produced in the region."

READ THE REST: http://www.eidohio.org/shale-development-bringing-investment-across...

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