$1.3 Billion Gas Pipeline to Texas

August 4, 2008

original image courtesy of cinto2

As a follow-up to yesterday’s article regarding wind power coming to Texas, we learned that other changes are coming to the energy industry in Texas (according to the Houston Business Journal):

The Federal Energy Regulatory Commission (FERC) has approved a $1.34 billion natural gas pipeline project, which will be owned and operated by the joint venture firm Midcontinent Express Pipeline LLC.

The 500-mile pipeline system will pump natural gas extracted from highly prized shale deposits in Texas, Oklahoma and Arkansas.

The first 40 miles of the system will begin in Lamar County, and are expected to be in service by the end of October. The entire first phase will be complete by February.

This summer has brought about a change in the attitude of policy makers and industry shakers and we anticipate there to be more changes on the way. The belts will losen up in light of energy prices and I suppose we’ll pay a few dollars more (to get the energy to our cities) in order to pay a few dollars less.

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