$6.7 Billion in Opportunities Bubbling Up?

pennsylvaniachamberbusinessindustrypresidentceogenebarr-freeenterprisepostedmanufacturedhousingindustrydailybusinessnewsmhpronewsBooms in West Texas, North Dakota and the Marcellus regions due to oil and gas drilling may have tamped down for a time, but one (or more) of those may be bubbling back up.  Shale Directories (SD) notes that, “Yes, $6.7 Billion in Spending Is Coming.”

SD reports:

  • multi-billion-dollar pipeline projects – The Atlantic Sunrise, Mariner 2 and the PennEast;
  • a pickup in drilling is coming for the balance of 2016 and into 2017 in the Marcellus region;
  • plus new power-plant construction.

For manufactured home retailers and manufactured home land-lease communities in that market area, such activities can only mean good news looming over the horizon.

But is the SD view of this activity an outlier, or part of a broader consensus on the issue of a coming multi-billion-dollar boom in parts of Pennsylvania?

Photo credit, Riverview Homes, near Pittsburg, PA.

MarcellusDrilling  (MD) stated in a recent report that: “Gene Barr is the president and CEO of the Pennsylvania Chamber of Business and Industry. The PA Chamber is a big supporter of the Marcellus industry. Writing a column that appears in a recent edition of the York Dispatch, Barr gives full-throated support to three pipelines “critical” to PA’s future: Williams’ Atlantic Sunrise; Sunoco Logistics’ Mariner East 2; and UGI Energy Services’ PennEast…”

Image credit, Marcellus Drilling.

What MD calls 3 Plus 1, they call for similar support of the Williams Constitution Pipeline in NY.  The political climate may make that project more problematic.

But given the push for jobs in the so-called “rust belt” states, the remaining projects look to be well positioned.

That could bode well for manufactured and modular home producers, suppliers and the front lines who could supply homes rapidly and for less than conventional builders, notably in a part of the nation where older, less energy-efficient and often costlier housing stock exists. ##

Previous, related reports: 

Trump, Kasich, Shale and Manufactured Housing

UMH Properties Includes Focus on Energy Region

(Images credits are as shown.)

L. A. ‘Tony’ Kovach is the publisher of MHProNews.com, MHLivingNews.com and MH Consultant.

Submitted by L. A. “Tony” Kovach to the Daily Business News for MHProNews.

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