Capital from private investors and banks is leaving the Marcellus/Utica region and is instead heading to the Haynesville Shale in Louisiana and East Texas, reports Marcellus Drilling News.
That was the observation of several speakers at the recent Hart Energy America’s Natural Gas Conference. According to Kevin Little, senior vice president for natural gas at Macquarie Energy, the lack of pipelines and infrastructure in the M/U region is essentially keeping the gas in the region and drilling investment out.
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