Can Congress Get Natural Gas Pipe in the Ground?

It's not very often that Congress passes new legislation that helps the oil and gas industry, but recent legislation could be a step in the right direction to help build out the much needed pipeline infrastructure for natural gas. The new bill proposes to expedite the permitting process for natural gas pipelines and would force the hand of regulatory agencies to make decisions in a timely manner.

For oil- and gas-rich parts of the country, this could be very helpful. Some of the fast-growing unconventional shale plays in the U.S. have a large lack of natural gas pipeline infrastructure. In the state of North Dakota, a lack of gas takeaway capacity has led to wells flaring off as much as one-third of extracted gas. In this video, Fool.com contributor Tyler Crowe looks at some of the regions in the country, and some of the companies, that could benefit from this legislation.

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  • Report this Comment On May 22, 2013, at 10:02 PM, AlexFethiere wrote:

    What bill is this? I can't find it on Govtrack or on other media sites. At the Bakken formation, so much highly profitable crude is logjammed into the play and has to be moved by rail for the most part (160kbd/pipeline, 625kbd/rail) that it's hard to believe cheaper natural gas, with so much energy and development potential but so little profit, would be anyone's priority. The U.S. should run with all alternatives to crude, especially one such as NG that is literally being wasted because it's too cheap. NG arguably has even greater value as methanol, but try to introduce something that even sounds like "ethanol" into the national discussion right now.

  • Report this Comment On May 26, 2013, at 3:17 PM, TMFDirtyBird wrote:

    @AlexFethiere

    The proposed bill is HR1900, you can read the details here:

    http://energycommerce.house.gov/sites/republicans.energycomm...

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