New Project Brings Jobs To The State

An $821-million project will provide the Fayetteville Shale Play with 265 miles of interstate transmission pipeline, bringing hundreds new jobs to the state for Arkansans. The pipeline will stretch from Conway County, Arkansas, to Kosciusko, Mississippi. Governor Mike Beebe toured a stretch of the construction site in the Center Ridge area in Central Arkansas today, talking about the importance of the project and what it will bring to the people of our state. To view today's remarks by Governor Beebe, click here.

This project follows the recent historic adjustment in the state severance tax on natural gas. Thanks to that adjustment, Arkansas now receives a more equitable rate of compensation for the withdrawal of a non-renewable natural resource. The trenched pipeline project builds off of the Fayetteville Shale Play, allowing 1.1-billion cubic feet of compressed gas to be pumped out of Arkansas daily to markets in Memphis, Louisville, Indianapolis, Evansville, Cincinnati, and Dayton. Primary financial backing for the project was provided by Southwestern Energy Services, Co.

Category:

News & Politics

Tags:

• Fayetteville
• Shale
• Pipeline
• Center
• Ridge
• Arkansas
• Natrual
• Gas