Former Chesapeake chief's company joins in pipeline venture
By Collin Eaton
August 7, 2014
A $500 million pipeline planned for next year could carry natural gas from Aubrey McClendon's growing web of gas wells in Ohio to the Gulf Coast, Colorado and several Southern states.
[...]
The pipeline would start in the Utica Shale, where American Energy
has spent $3.5 billion amassing more than 260,000 net acres over shale
gas deposits. The company plans to drill 1,600 net wells there in coming
years as McClendon, one of the first wildcatters to pounce on U.S.
shale gas plays, builds a new company after his departure last year from
Chesapeake Energy.
He has concentrated his efforts in
the southeastern corner of the Utica, where high reservoir pressures
have made reaching gas more affordable. Recent research by Houston
energy consultant Wood Mackenzie shows that certain zones in the Utica
rival wells in Pennsylvania's Marcellus Shale in terms of profitability.
EXTRACTS ONLY - FULL @ SOURCE
http://www.houstonchronicle.com/business/energy/article/Former-Chesapeake-chief-s-company-joins-in-5675875.php
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The specifics don't interest me. It's just interesting that it's booming.
Gulf Coast is also interesting, because that's where export shipments would leave, I guess.
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