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Utica Shale still has growth potential, oil executive says

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A Texas energy company chairman thinks highly of the growth prospects for Ohio's Utica Shale, Columbus Business First reports:

"Kelcy Warren, chairman of Dallas, Texas-based pipeline Energy Transfer Equity LP (NYSE:ETE), described to Bloomberg the Permian basin in western Texas as 'mind-boggling,' but said infrastructure in Texas and Louisiana might already be overbuilt.

"He singled out the natural gas-heavy Utica and Marcellus shale plays, as well as the Bakken in North Dakota, for their growth potential."

Read the full story here.


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