As always, Rick Stouffer provided an update on the week’s news in natural gas. He discussed a recent Harris Poll said two-thirds of Americans think the benefits of natural gas outweigh any negative effects of bringing it out of the ground, despite negative media coverage over hydraulic fracturing.
Rick also noted that Shell announced they will be building other facilities adjacent to the ethane cracker in Beaver County that will be used to create other plastic products. Although the company is still unclear how many jobs will be created, it shows how important the plant and the industry is in this area.
Tejas and Rick also talked about the Marcellus Midstream conference that took place in Pittsburgh this past week with over 2,000 attendees and 250 exhibitors. It was a great opportunity to showcase Pittsburgh and provided a tremendous economic impact for the city and the region. Every year the shows keep getting bigger, proving that there is growing interest in the Marcellus Shale.
Following Rick’s update, Ken Kaszak , an investment advisor and author of the Master Limited Partnerships series on TheMarcellusShale.com, talked about doing business and being successful in the Marcellus Shale.
He talked about Markwest Energy in Houston, PA – a company cleans gas and sells gas liquids. With oil being more expensive than gas in recent years, gas is in high demand. The company has grown so much that over the past 3 years, investing with Markwest would have yielded 958 percent.
According to Ken, in Texas and Oklahoma, it’s common knowledge for people to buy MLPs because they are such a good investment. It would be simple to get between 6 and 7 percent cash yield by investing in them. Investments are totally liquid and could be sold at any time.
Want to hear more? A complete transcript and podcast of the show will be posted here in a few days.