Dakota Access Pipeline Radicals Protest in…Scranton?

enviro naziDon’t say we didn’t warn you. On Oct. 20 MDN reported on the link between so-called protesters (i.e. criminals) who have gathered in North Dakota to protest a federally-approved oil pipeline called the Dakota Access Pipeline (see Dakota Access Pipeline Protesters Turn Violent; Coming Here Next?). We told you about their violent behavior, papered over by national media as “peaceful protests by a bunch of earth-loving Soux Indians.” Hogwash. Most of the people “protesting” are from out of state, and are being funded by Big Green donors–sent there to perpetrate violence. And guess what? That’s just what they do (see Police Remove Pipeline Protesting THUGS from Private Land in ND). So what was/is the connection with the Marcellus/Utica? Some of the Dakota “protest” leaders, drunk on their “success” have publicly stated they’re coming here next. And come they have this past weekend to Scranton, PA…
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PA Senators File to Join Case Against DRBC Fracking Moratorium

lawsuitIn May MDN told you about a group of brave landowners in Wayne County, PA who have had their property rights stolen by the Delaware River Basin Commission (see Wayne County, PA Landowner Sues DRBC Over Fracking Ban). They filed a lawsuit against the DRBC asking a judge to declare the DRBC does not have jurisdiction to prevent construction of a natural gas well. Several northeastern PA counties (unfortunately) are located in the Delaware River Basin and the DRBC has steadfastly refused to allow them to drill any shale wells, citing concerns that the Delaware River supplies fresh water to millions downstream–even though they can’t explain how that water might get contaminated. A few months later, the DRBC’s best friend and patron, THE Delaware Riverkeeper, sued to join the lawsuit to help defend the inept DRBC (see Delaware Riverkeeper “Intervenes” to Protect its Patsy – the DRBC). Last week three PA senators filed to join the lawsuit on behalf of the landowners that they represent. Predictably, THE Delaware Riverkeeper wants to prevent the senators from joining the lawsuit…
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FirstEnergy Selling 4 NatGas-Fired Electric Plants in PA

for-sale-sign.jpgThe energy industry in our country is complicated and takes a while to wrap your brain around just how it works. Especially the utility industry. Companies that produce and then distribute electricity (and natural gas) are in some cases regulated by the government–meaning what they charge is strictly controlled–and in some cases not regulated. Some local utilities produce the electricity, via a nuclear plant, or coal-fired generating plant, or natural gas-fired plant, as well as distribute that electricity to customers. Other utilities just distribute the electricity. And still others just produce the electricity. Sometimes producing electricity is regulated by the government (i.e. price controlled) and other times it is not. Is your head spinning yet? FirstEnergy, based in Akron, OH, is one of the nation’s largest investor-owned electric systems, serving customers in Ohio, Pennsylvania, New Jersey, West Virginia, Maryland and New York. FirstEnergy owns a variety of regulated and non-regulated power generation plants. Last Friday the company announced it will sell six power generating plants in PA, four of them natural gas-fired plants. The plants being sold are non-regulated. This is part of FirstEnergy’s strategy to become a 100% “regulated” utility in the next 18 months. Which plants are going on the auction block?…
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NFG/Seneca Qtly Update: Production Inches Up, Profits Up Too

nfgNational Fuel Gas Company (NFG) covers the full span of the oil and gas business–from upstream (with its wholly-owned drilling subsidiary Seneca Resources), to the midstream (with wholly-owned subsidiary Empire Pipeline) to downstream (NFG’s natural gas utility service to 740,000 customers in NY and PA). Big company. Diverse operations. Late last week NFG issued what they call their fourth quarter update (everyone else’s third quarter update), covering July through September. NFG’s CEO Ronald Tanski said lower natural gas prices and higher temperatures didn’t help. However, the company improved. In NFG’s 4Q15 the company lost $188 million–but this year they made $37.5 million. That’s a significant $225 million improvement in just one year’s time. However, NFG ended the full year in the red–losing $291 million (an improvement from losing $379 million last year). As for Seneca’s performance, it was a good year overall, with banner production. Seneca’s production was 161.1 Bcfe (billion cubic feet equivalent) in fiscal 2016, an increase of 3.3 Bcfe, or 2%, versus fiscal 2015. Seneca voluntarily curtailed an estimated 34.6 Bcf (billion cubic feet) of net natural gas production in fiscal 2016. Seneca’s average realized natural gas and oil prices, after the impact of hedging, was $3.02 per Mcf and $57.91 per Bbl, respectively, a decrease of $0.36 per Mcf and $12.45 per Bbl, versus fiscal 2015. Below is the NFG update for all of their subsidiaries including Seneca and Empire, along with a copy of the latest PowerPoint slide deck…
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CONE Midstream 3Q16: Success Story Continues

CONE logoCONE Midstream, a joint venture between CONSOL Energy and Noble Energy (get it? CO from CONSOL and NE from Noble Energy) was formed in summer 2014 (see CONSOL & Noble Energy Form New Marcellus Midstream Company). When CONE released their 1Q16 update, we pointed out what a gem of a midstream (i.e. pipeline) company it is (see CONE Midstream 1Q16: Profits Up, Volumes Up, Looking Great!). In 2Q16 the company continued its winning ways (see Cone Midstream Continues to Impress – 2Q16 Update). What about in 3Q16? Net income was up ($23.6 million in 3Q16 vs. $19.7 million in 3Q15), and average daily volumes flowing through the pipeline was up (840 billion Btus per day in 3Q16 vs. 642 BBtu/d in 3Q15). Here’s the latest from the midstream gem in the Marcellus…
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Summit Midstream 3Q16: Utica Volume Up, Marcellus Volume Down

Summit_Midstream_Logo[1Summit Midstream has a small but growing presence in the Marcellus/Utica region largely through purchasing pipeline systems from other companies, including Mountaineer Midstream, Summit’s Marcellus-area pipeline system in Doddridge County, WV, and an interest in Ohio Gathering, a natgas gathering system in service and under development spanning the condensate, liquids-rich and dry gas windows of the Utica Shale in Harrison, Guernsey, Noble, Belmont and Monroe counties in southeastern OH. In 3Q16 Summit lost $215,000 vs. making $21.2 million in the same period a year earlier. The volume of gas pumping through Summit’s pipelines went up in the Utica, a lot–from 42 million cubic feet per day (MMcf/d) in 3Q15 to 234 MMcf/d in 3Q16 (up 4.5x). However, Marcellus gas volumes decreased year over year from 457 in 3Q15 to 418 in 3Q16, no doubt due to less new drilling in the Marcellus. Here’s a portion of the Summit update…
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Hi-Crush Intros New Sand Delivery System

hi-crushHi-Crush Partners, headquartered in Houston, TX, is a frac sand company. Even though the company is based in TX and has sand mines in Wisconsin, it owns and operates the largest frac sand distribution network in the Marcellus and Utica Shale region. Last week Hi-Crush announced the first successful test and roll out of something they call PropStream–a new and better way to get sand to the well site and into the well itself. Hi-Crush has also formed (with investors) a new subsidiary company called PropX to manufacture the equipment used by the PropStream system…
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Texas Pipeline Reversals Needed to Get M-U Gas to Gulf Coast

reversalWe’ve written about various pipelines either planned or under construction that will, by joining with other pipelines, haul Marcellus/Utica natural gas (and/or natural gas liquids) all the way to the Gulf Coast. However, the pipes hauling our gas to the Louisiana/Texas borders are one thing. But then the gas has to go the final leg of the journey through Texas (or Louisiana) to the Gulf Coast area where it gets used in petrochemical plants, like crackers or liquefied and exported as LNG. A recent RBN Energy blog post points out the big pipes hauling our gas to Texas and Louisiana are, in many ways, the easier projects to build. Getting it “the last mile of the way” to the Gulf Coast is the more difficult task. It involves reversing pipelines and tieing systems together. Here are six projects in the works to accomplish the mission of getting our gas all the way to the Gulf Coast…
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Report: What if Fracking was Banned, as Hillary Wants?

Chamber of CommerceThe U.S. Chamber of Commerce recently launched a “What If…?” series to counter the radical “keep it in the ground” movement–a movement that irrationally hates the use of fossil fuels. In August the Chamber released their first such report, titled “What If…Energy Production was Banned on Federal Lands and Waters?” (see Chamber Report Details Why ‘Keep it in the Ground’ a Disaster). In Sept. they released their second report (see Report: What If America’s Energy Renaissance Never Happened?). In Oct. they released the third report (see Report: What If the U.S. was Forced to Pay EU Energy Prices?). Last Friday the Chamber released the fourth report in the series, very timely considering the election tomorrow. The newest in the series is titled, “What If…Hydraulic Fracturing Was Banned?” (full copy below). Under a Hillary Clinton presidency, that’s a very real possibility. Clinton said during the Democratic debates not many months ago: “By the time we get through all of my conditions, I do not think there will be many places in America where fracking will continue to take place” (see A President Hillary Clinton Would Ban Most Fracking). Either she didn’t really mean what she said and she lied, or she did mean it. We tend to think it’s the later. So what would happen if fracking were essentially banned nationwide? According to research by the Chamber, by 2022 the country would lose 15 million jobs now created by fracking (in addition to the 94 million workers without jobs now), and everyone would pay twice (or more) than they do now for electric & gasoline. Not a pretty picture…
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PA Senate Hopeful McGinty Dirty as Clintons; Energy Shakedowns

toomey-mcginty
Katie McGinty running against Pat Toomey

As we recently highlighted in our coverage of the GE/Baker Hughes story, Hillary Clinton has been selling her power in the government for years. As Secretary of State, Clinton lobbied Alergia for a GE power plant contract. After Alegeria gave GE the $1.9 BILLION contract, Jeff Immelt gave a $1 million “donation” to the Clinton Foundation (see GE’s Jeffrey Immelt roped into Clinton cash scandal). That’s how it works in the corrupt world of Clinton Inc. That’s also pretty much how it works with Katie McGinty, running for Senator in Pennsylvania. McGinty has been selling insider access in PA and beyond, all related to her involvement in the energy industry as a former PA regulator. PA residents listen up: If you elect McGinty, you’re electing someone as corrupt as the Clintons (who helped her rise to power). Here’s the Wall Street Journal expose on McGinty…
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EIA: Horizontal Fracked Wells Superior Performers

EIAWe laugh every time we read about peak oil and peak natural gas theorists, and mainstream “reporters” from places like the New York Times trumpeting that any day now natural gas is going to peter out. It’s just a flash in the pan. “Everybody” knows that shale wells are weak, pathetic performers than run out of juice almost as fast as their drilled. We’ve read stories about how shale drilling is a ponzi scheme. We’ve read stories that very soon we’ll run out of new places to drill, and then it’s all over. Except…except it’s all not true. None other than the U.S. Energy Information Administration has just posted a brief article that details, using real research, that horizontally drilled shale wells are MORE productive over the long-term than conventional wells. That is, they are more productive for longer than a conventional well. But that won’t stop the peakers and ponzi schemers from pedaling their pap…
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Marcellus & Utica Shale Story Links: Mon, Nov 7, 2016

best of the restThe “best of the rest” – stories that caught MDN’s eye that you may be interested in reading. In today’s lineup: Utica output still surging in Ohio Valley; OH students visit well sites; energy cos giving less to charities, but still giving; activists don’t like the court shoe on their foot; rename fossil fuels to paleosolar; Chesapeake says SEC snooping around; and more!
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