I hope the industry is paying attention to some regionalized developments that could hamper activity, at least in the short term. North Dakota officials are cracking down on gas flaring which has literally put the state on the map from outer space. In their rush to develop the Bakken, producers gave needed infrastructure short shrift and were backed by lawmakers unwilling to compromise the lure of new business. Now the big question is whether the producers that are taking heavy hits from toilet bowl oil prices are even capable of committing to backing new gas pipelines.
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