Panelists Discuss Challenges Facing
Oil and Natural Gas Midstream Production
Discovery of shale formations in Texas coupled with new techniques to find, extract and produce energy commodities has intensified discussion on how to beat the midstream bottleneck and get supply to meet demand.
On April 20, University of Houston C. T. Bauer College of Business hosted midstream executive experts as part of Texas CEO Magazine’s 2012 Enlightened Speaker Series for a discussion on the “Midstream Challenge: Getting Supply to Demand”.
Dean Latha Ramchand joined a panel representing a spectrum of perspectives from the industry, each giving insight on the infrastructure challenges of bringing new energy fields from the wellhead to refineries and the opportunities available for major producers versus smaller producers.
Other panelists were Enbridge Energy Company President Terry McGill, Plains All American Senior Vice President of Operations and Business Development Mark Gorman, and TerraFina Energy President and CEO Marsha Hendler.
Industry Experts on Midstream Production
Enbridge Energy Company
“At the end of the day, we’re an expense on the balance sheet, but we’re building the infrastructure, and the future is bright for natural gas producers.”
President and CEO
“Natural gas is bursting at the seams, and if we have no place to use it, we’re in trouble.”
C. T. Bauer College of Business
“We haven’t reached the point where supply and demand have met, so we have to put incentives into place to use natural gas to have overall success.”
Senior Vice President Operations and Business Development
Plains All American
“The midstream sector is an exciting and challenging place to be today with two problems. One, we have to slowly change northbound infrastructure to flow south, and two, we need new feeder systems for areas that are new producers.”