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Billionaire Kelcy Warren Sees ‘Mind-Boggling’ Growth in Texas

  • Energy Transfer Chairman also likes Marcellus, Utica, Bakken
  • LNG is ‘sexy’ but Warren prefers pipelines plugged into Mexico
Oil-Bust Veterans Brace For Storm Unseen By Shale-Boom Neophytes
Photographer: Brittany Sowacke/Bloomberg

Energy Transfer Equity LP Chairman Kelcy Warren called the continued boom in West Texas’s Permian Basin “mind-boggling” and said it creates opportunities for transporting more oil, natural gas and natural gas liquids to markets.

“There’s a lot of competition in the Permian, but we’re getting at least our share of the pie,” Warren, a 60-year-old billionaire, said in a phone interview Friday.