Cabot, Seneca, Chief Ramp Up Production for Atlantic Sunrise

According to a report from BTU Analytics, the top three shippers who will soon flow natural gas along Williams' Atlantic Sunrise Pipeline (ASP)--Cabot Oil & Gas, Seneca Resources and Chief Oil & Gas--have "nearly doubled" their rig counts over the past few months leading up to the imminent startup of ASP. The pipeline is due to go online any day now--by the end of August (see Genscape Confirms Atlantic Sunrise Pipe Ready to Flow in August). Cabot has reserved 1 billion cubic feet per day (Bcf/d) of the 1.7 Bcf/d capacity of the new ASP. One third of Cabot's 1 Bcf/d (350 million cubic feet per day, MMcf/d) will flow to Dominion's Cove Point LNG export plant in Maryland--heading for Japan. Another 500 MMcf/d of Cabot's gas will go to Washington Gas via ASP--meaning northeast PA Marcellus molecules will help heat, cool and power D.C. swamp dwellers. Joy. Here's the great news that a single pipeline is stirring up a lot more drilling in northeastern PA...

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