American Oil and Gas Reporter - February 2018 - 19

IndustryDigest
Appalachian NGL Hub
Takes A Step Forward

WASHINGTON-Plans for an
underground storage facility to hold
natural gas liquids produced from
Marcellus and Utica shale wells
advanced in January, when project leader
Appalachian Development Group LLC
reported it had been invited to apply for a
$1.9 billion loan guarantee from the U.S.
Department of Energy. The company
adds this is the first of several steps in the
loan process, and that it plans to secure
$1.4 billion in additional financing.
Senator Joe Manchin, D-W.V., who
has introduced legislation to expand
DOE's loan guarantee program to any
strategic energy infrastructure project
that supports regional energy market
performance and contributes to a
region's economic resilience, expresses
support for such a facility.
"I have long said that the
Appalachian Storage Hub is a vital
project that will help us capitalize on
our state and region's abundant natural
resources, growing infrastructure and
innovative spirit," he says.
The Appalachian Storage & Trading
Hub is the outgrowth of a study
conducted by West Virginia University
that studied geologic formations across
West Virginia, Pennsylvania and Ohio
for suitable locations for underground
natural gas liquid storage facilities
(AOGR. Jan 2018, pg. 110). According
to the American Chemistry Council, the
Appalachian facility could serve as a
catalyst for $36 billion in follow-on
petrochemical investments and more
than 100,000 new long-term jobs in the
region. r

Fox News Sunday's
Wallace To Headline
TIPRO Convention

AUSTIN-Chris Wallace, political
commentator and Fox News Sunday
anchor will present the keynote address
during the Texas Independent Producers
& Royalty Owners Association's 72nd
Annual Convention, scheduled for
March 26-27 at the Westin Memorial
City Hotel in Houston.
TIPRO notes that Wallace's major
broadcast news awards include three
Emmys, the Peabody Award and the
Dupont-Columbia Silver Baton Award.

During his decades-long journalism
career, Wallace has reported from the
ABC News desk as a senior
correspondent for Primetime and 20/20,
and anchored the longest running show
on television: NBC News' Meet the
Press. In 2016, the association notes, he
earned widespread praise from fellow
reporters and political operatives on both
sides of the aisle for his moderation of
the final presidential debate between

Hillary Clinton and Donald Trump.
According to TIPRO, Wallace's
remarks at its convention will focus on
the state of affairs in Washington and lend
insight on the political climate with an
eye toward the 2018 general election. He
also will share foresight on what TIPRO
members can expect this year from the
executive branch under President Trump.
To register, contact TIPRO at 512477-4452 or visit www.tipro.org. r

61.9
MMcfd
MMcfd
INITIAL
PRODUCTION
RATE

KRYPTOSPHERE LD ultra-conductive, low-density ceramic
proppant technology has improved the well economics of a
13,500ft vertical depth gas well in the Utica-making it one of
the highest producing wells in the region.
The numbers speak for themselves
For more production enhancing technologies that improve
your initial production, EUR and ROI numbers, talk to CARBO.

Read the full story
carboceramics.com/utica
FEBRUARY 2018 19


http://www.tipro.org http://carboceramics.com/utica

American Oil and Gas Reporter - February 2018

Table of Contents for the Digital Edition of American Oil and Gas Reporter - February 2018

Contents
American Oil and Gas Reporter - February 2018 - 1
American Oil and Gas Reporter - February 2018 - 1
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American Oil and Gas Reporter - February 2018 - Contents
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https://www.nxtbook.com/nxtbooks/aogr/202106
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