Marcellus/Utica Gas Heading to TX LNG Export Plant…in 2018

Corpus Christi LNG Export PlantYesterday Kinder Morgan announced Cheniere Energy’s Corpus Christi LNG export facility on the coast of Texas has signed up to receive 385,000 dekatherms per day (i.e. 385 million cubic feet per day) of “southbound” natural gas from Kinder’s Natural Gas Pipeline Company of America (NGPL) expanded Gulf Coast mainline system for a 20-year term. There’s a lot to unpack in that statement, including the fact that the “southbound” natural gas will come from the Marcellus/Utica…
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Federal Court Decides McClendon Can Keep ‘American Energy’ Name

court gavelWe finally get to close the loop on a story we first brought you in 2013 (see McClendon Gets Sued in OH Over New Company’s Name). Robert Murray, owner of Murray Energy–a bigtime coal mining operation–sued Aubrey McClendon’s newly formed and named American Energy Partners over the use of the name “American Energy.” Murray operates a coal mine near Beallsville (Monroe County), OH under the name American Energy Corp., and has for years. He said McClendon’s use of the name infringes his own use of that name/brand. Finally, two years later, a federal court in Ohio has dismissed Murray’s lawsuit…
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Marathon Hints MarkWest Merger Plan May Include NGLs to Gulf

dropping hintsFor years MarkWest Energy has been one of the most active midstream companies in the Marcellus/Utica region. MDN has often called MarkWest the premier midstream company in the northeast–with more pipelines and processing plants than any other company, except possibly the recently merged Williams/Access Midstream. Even though MarkWest has a huge portfolio of assets in Ohio, West Virginia and Pennsylvania, and continues to have a big and ambitious list of future projects, it wasn’t enough to stave off a takeover. Marathon Petroleum announced in July they are buying out MarkWest and adding it into their own operations (see Midstream Bombshell: MarkWest Sells Itself to Marathon Petroleum). It makes you wonder what the future holds for MarkWest and future midstream projects in the northeast. Wonder no more. Although he was light on specifics, Marathon Petroleum CEO Gary Heminger commented at an investors conference on Wednesday that the combined company is eyeing between $6-$9 billion of investment in new midstream projects…
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Carrizo Oil & Gas “Insiders” Continue to Sell Company Stock

insider tradingOn June 1 Carrizo Oil & Gas CEO Chip Johnson sold 24,661 shares of company stock for $1.2 million (see 4 Top Carrizo O&G Officers, Incl CEO, Sell 50K Shares of Company Stock). A few days later, on June 5, he sold another 6,000 shares for $309,000 (see Carrizo CEO Chip Johnson Sells Another 6K Shares of Stock). Johnson continues to sell his seemingly endless supply of company stock. On September 8, Johnson sold another 6,000 shares, netting him just $217,000 this time. Along with Johnson, board member Roger Ramsey sold 1,000 shares on September 8, for $36,000…
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PA Dems Get Nervous that Republicans Won’t Cave on Severance Tax

nervousPennsylvania Democrats are finally waking up and beginning to get nervous that state Republicans might actually not cave on a Marcellus-killing severance tax after all. How do we know? One of the Democrat public relations outlets–the Pittsburgh Post-Gazette–penned an “editorial” calling for a stopgap, short-term budget. PA’s Gov. Tom Wolf, who has been crowned the most liberal governor in America by the non-partisan website InsideGov (see PA Gov Tom “Severance Tax” Wolf: America’s Most Liberal Governor), obstinately refuses to let go of his plan to soak Marcellus drillers to give their hard-earned money away to teachers unions. Republicans, which hold majorities in both the PA House and Senate, aren’t caving. They refuse to enact an industry-killing severance tax. That’s a problem for the neophyte and frankly in-over-his-head Wolf…
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TGP Innovates New Way for New England Electric Plants to Buy Gas

innovationIn an attempt to make it easier for natural gas-fired electric generating plants to buy gas only when they actually need it, Kinder Morgan’s Tennessee Gas Pipeline has just launched a new service called PowerServe(TM). The new service is specifically targeted to electric plants in New England. Traditionally, electric generating plants have shied away from signing long-term contracts for natural gas because of the peaks and valleys in power generation. During the dead of winter, they need a lot of natural gas. In the summer, they don’t need nearly as much. TGP’s new PowerServe service is meant to give them a way to grab only what they need, when they need it. Part of the PowerServe service will be tied to a pipeline not yet built–TGP’s Northeast Energy Direct pipeline that will cross parts of Massachusetts and New Hampshire…
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Massachusetts Senator Conducts Faux NED Pipeline Scoping Hearing

fauxIn a shameless act of political pandering, the president of the Massachusetts State Senate, Stan Rosenberg (Democrat), ran his own version of a Federal Energy Regulatory Commission (FERC) scoping hearing. Such hearings, while meant to elicit useful information about where a pipeline should, and should not, run, usually devolve into freak shows by anti-drilling zealots who parade and preen before the cameras and microphones–making fools of themselves. We’ve seen it many times before. So Rosenberg, apparently not satisfied that there’s not a FERC hearing every week where anti-drilling zealots in Mass. can gripe and moan and complain, set up his own faux session. He “listened” to some 60 people complain about the proposed Kinder Morgan Northeast Energy Direct pipeline. Stan says he’s going to hand deliver transcriptions of the entire sordid affair to FERC, personally…
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New England Importer Received 59% of All LNG Ship Imports 1H15

self interestBoth Kinder Morgan and Spectra Energy are in a tough fight to build pipelines from the Marcellus into New England. One of the competing visions for how to get more natural gas to residents, businesses and electric generating plants that so desperately need natural gas is to import it through the Everett, MA LNG import terminal. That’s where GDF Suez, the American name for the French multinational electric utility company Engie, imports natural gas. We told you about GDF Suez’s self interested last year (see Guess Why GDF Suez Doesn’t Want Marcellus Pipeline to New England). We also brought you their self-serving “study” published in August that says New England doesn’t need more pipeline capacity (see LNG Importer Publishes Sham Report Slamming New England Pipelines). We now have more proof of what’s motivating GDF Suez to oppose pipelines. In the first half of 2015, 17 massive LNG cargo ships imported natural gas to ports in the United States. Some 10 of the 17 shipments came to GDF Suez’s import terminal in Massachusetts–59% of all imports. No wonder the company is fighting to continue importing natural gas from other countries rather than use home-grown, cheaper shale gas…
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Desperate OPEC Wants US to Join Its Effort to Boost Oil Price

desperateA year ago OPEC, composed of a group of America’s enemies, decided they would try to bankrupt the American shale energy industry by pumping as much oil as they could, driving the price of oil and natural gas into the subbasement. Good for consumers! Not so good for oil and gas drillers and the energy industry at large. Now that OPEC’s strategy, led by Saudi Arabia, has not worked, OPEC is ready to start talking with American shale producers to see if they can trick us into joining them in circumventing the free market. They want us to cooperate with them to restrict oil and gas output and drive prices back up. We sincerely hope America shale producers don’t do it. We need to bankrupt the Middle Eastern countries that have waged a war of terrorism on us for years. Tell them to pound sand–they certainly have enough of it…
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