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The Youngstown Warren Regional Chamber is hosting its third annual YOUNG Conference and Expo.
Vendors packed the Covelli Centre Thursday for the first day of the conference. About 100 businesses have set up shop on the main floor of the center to showcase their role in the oil and gas industry, specifically the Utica and Marcellus Shale play. The theme of this year’s show is “Production, Processing, Prosperity.”
Regional Chamber Vice President Eric Planey said YOUNG 2013 is an interactive forum where company representatives can meet with industry leaders and businesses that are developing and processing the rich Utica Shale gases and liquids.
“The big difference from last year, a lot of the companies were about expectations, they are now online.” said Planey. “Access Midstream’s processing plant in Hanoverton is online and Vallourec Steel plant is online. Exterrans ground breaking and ribbon cutting took place this year.”
Even with those suppliers and plants up and running, Planey says the Utica Shale play is developing at a slow and steady pace, which is exactly what the market needs.
“We don’t want a boom, bust cycle,” said Planey.
The progress has had a positive impact on local companies such as Lyden Oil. Paul Lyden said his company has seen tremendous growth from companies coming in from outside the Valley.
Along with local companies, out-of-town businesses have set up booths at the conference realizing the potential for growth in the region.
“We came up here because it fit our niche. Our niche is pressure piping service,” said Mike Macala with Pipe Valves Inc. “We really go out and give the customers what they need.”
The conference and expo ran Thursday from 9 a.m. to 4 p.m. A post conference is set for Thursday evening from 5 p.m. to 7 p.m. at the Tyler Mahoning Valley History Center in downtown Youngstown. On Friday, exhibitors are invited to the Holiday Inn Boardman where a forum will be held focusing on “Logistics and Midstream” providing further updates on the essential build out of the industry in the area.