A recently published article in The Legal Intelligencer and the Pittsburgh Post-Gazette’s PowerSource discusses how attorneys feel about the current low energy prices and if they think they will have an immediate effect on the state’s shale oil and gas-based legal industry.
The article reports that many oil and gas projects are in the works but being delayed, so the drop in prices isn’t having an immediate impact. Attorneys agree that demands remain high for midstream infrastructure, and there will continue to be a need for further development in the long term.
“The development of infrastructure will develop somewhat independent for a while … because we’re so far behind on infrastructure that’s needed,” Buchanan Ingersoll & Rooney Shareholder Sean W. Moran told the publication. “The midstream isn’t affected a whole lot because the gas still needs to get to market.”
Read the full article in The Legal Intelligencer – “Pennsylvania Attorneys Say Shale Work Still Strong Despite Low Oil Prices” (December 16, 2014) Subscription required.
Read the full article in Pittsburgh Post-Gazette’s PowerSource here.