Company Investing Big in Utica
Thursday, July 12, 2012
The Business Journal reported that Caiman Energy, a company specializing in energy infrastructure, is investing $800 million to develop a natural gas and crude oil processing network in the Utica Shale region.
Read it:
Caiman’s partners include Williams Partners of Tulsa, Okla., EnCap Flatrock Midstream of San Antonio and Highstar Capital of New York. The area of focus will be the natural gas liquid- and oil-rich areas of the Utica Shale in Ohio and northwest Pennsylvania, the company said.
Unfortunately, the company hasn’t disclosed where the pipelines and plants will be built, yet.
There’s been quite a few announcements of pipelines recently. Not only will those in the Utica Shale region prosper from bonus and royalty checks, they’ll prosper from the employment at processing plants coming to the area.
Make sure to click the links for the full story.
» Via: The Business Journal › Caiman Energy, its Partners to Invest $800M in Utica
Leave a Comment
Marcellus & Utica Shale Well Map
Additional Shale Maps
Shale FAQ
What is fracking?
Fracking is a slang term for hydraulic fracturing. Fracturing is a process by which highly pressurized fluid is pumped thousands of feet into the ground to fracture rock formations. The goal is to release the natural gas that’s locked inside the rock.
Is it safe?
What most concerns people about fracturing is ground water contamination. The worry is that fractures underground, caused by the process, will extending upwards and into aquifers, releasing gas and chemicals into the ground water supply. There’s been no confirmed reports of such a thing happening. Though surface spills and drill site blowouts can lead to localized environmental concerns.
Will my water catch on fire?
Flammable water is caused by the release of methane gas into a drinking water supply. Methane gas occurs naturally and can be released by any kind of drilling, including water wells. In Pennsylvania officials fined Chesapeake Energy $1 million for contaminating ground water with methane. It was determined that the company had not properly cemented it’s boreholes and gas migrated up the well, between rock and into aquifers.