Rockies pipeline projects forge ahead despite capex cuts, weakening prices

摘要

Plunging steel prices and drilling cutbacks have bought some time for pipeline operators vying to move gas out of the over-supplied Rockies, allowing them to forge ahead despite shrinking capital budget cuts and economic uncertainty."In general, if you don't believe we're in a 1930s world, if you believe gas demand will snap back, Rockies definitely will be a source where we'll get a lot of that incremental supply," a New York-based equity analyst said. "Unfortunately for everybody, to make the economics work, it's got to be big. Building pipe cross country is a scale phenomena. All of these things are chicken-and-egg."