On January 14, 2015 1:02 pm
There’s an excellent regional television program in Pittsburgh called “Our Region’s Business” hosted by veteran reporter Bill Flannigan. On December 7, Jim Scheel, Senior Vice President for Northeast G&P for Williams, appeared in a segment on the program (video embedded below). Scheel shared some eye-popping statistics about the Marcellus/Utica, and about Williams and their commitment to the region. Scheel said, among many things in the short 7-minute segment, that in 2014 Williams spent an astonishing $100 million per month on pipeline projects in the northeast region. They currently employ 750 people in the northeast and over the next year or so expect to add another 160 people to the payroll. What an exciting, dynamic company! Here’s a few more stats Scheel mentioned…
- Williams spent $100 million per month in 2014 building gathering lines and pipelines in the Marcellus/Utica region.
- Scheel said the region is now producing about 15 billion cubic feet of gas per day (Bcf/d) and he expects that to grow by about 1 Bcf/d each year at least through 2020 (hitting 20 Bcf/d in 2020).
- More than 750 people in the Pittsburgh region now employed by Williams, up from a handful in 2008.
- Their payroll is about $77 million per year. And they’re “adding people every day.”
- There’s 50 gigawatts of new power generation in the northeast coming that will be powered by Marcellus/Utica Shale gas.
- Williams work with community colleges and universities to get the kind of people they need: mostly engineers and technicians.
- Williams also needs electricians, mechanics, and other skilled laborers.
- They have about 160 “open positions” that will need to be filled over the next year and a half.
- There’s more gas in the Marcellus/Utica than we thought existed in the entire country just 10 years ago.
- If the Marcellus/Utica Shale region was its own country, it would be the third largest producer of natural gas in the world.
- 50 years from now the Marcellus/Utica will still be a great place for energy production. This is a generational opportunity–not going away any time soon.
- The big problem is takeaway capacity–moving the gas from this region/production area to regions that can use it.