The Shale Boom Is Far from Done for Gas Pipelines
In a 2017 Forbes article, writer Robert Rapier escorted the magazine’s audience on a fascinating tour of “How the Shale Boom Turned the World Upside Down”. If you recall, the nation’s oil and gas production had long ago peaked with conventional drilling and by 2005, we were in a full-blown energy crisis highly dependent on Venezuela and Saudi Arabia oil imports. And natural gas? Well, the only solution here with certainty according to one energy investor was “to pray.” That prayer was on its way along with the shale revolution in 2008 and the largest natural gas pipeline buildout ever seen before. Until now.
Reese Energy Consulting today is following the latest on 12 new natural gas pipeline projects that stretch from the Permian, Midcontinent, Bakken, and Northeast. Analysts estimate 22 BCFD of new capacity coming online this year, the most since 2008. This is incredible news for these regions with LNG export and data center ties. And far from done in the natural gas shale boom.