Harry W. New, president of Houston-based Willbros Oil & Gas, speaks at the Marcellus-Utica Conference in Pittsburgh. Source: Hart Energy
There are 13 major projects currently planned for the Marcellus region, representing more than 3,330 miles of pipe and roughly $28.4 billion of capex. Ten are scheduled for this year and the other three in 2018.
A bulk of that gas from those projects is headed to existing LNG facilities, plants planned primarily on the Gulf Coast, some on the East Coast and even Mexico.
However, will the staggering amount of projects in the works actually be completed? Harry W. New, president of Houston-based Willbros Oil & Gas, believes it will be a challenging feat to execute.