EQT CEO Toby Rice Explains Combo Drilling at WV Town Hall Mtg

Last week MDN told you that EQT CEO Toby Rice is conducting a series of four “town hall” style meetings with landowners in regions where the company drills (see EQT CEO Toby Rice Hits a Home Run with Landowner Meetings). The first meeting, held in Green County last Wednesday night, was a huge success. We also reported in a followup story that Toby mentioned EQT’s new drilling strategy to make money in a low gas price environment is called “combo development” (see EQT Plans to Make Money with $2/Mcf NatGas Price).
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TETCO Files FERC Request to Upgrade 2 SEPA Compressor Units

Bernville Compressor Station (credit: Reading Eagle)

Just coming to light for us now, on April 18 Texas Eastern Transmission Company (TETCO), a massive 9,071-mile natural gas pipeline stretching from the Gulf Coast to New York City, filed a request with the Federal Energy Regulatory Commission (FERC) to replace and upgrade two compressor units at its Bernville Compressor Station located in Berks County, PA.
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Gulf Coast Cameron LNG Exporting Begins Service…with M-U Gas

Cameron LNG Train 1 (click for larger version)

Yesterday Sempra Energy’s Cameron LNG project in Lake Charles, La. began to liquefy and export natural gas–some of it coming from the Marcellus/Utica region. Nearly a month ago the facility asked the Federal Energy Regulatory Commission for permission to begin full-blown operation (see Cameron LNG Export Plant Ready to Begin Operation This Week). FERC issued that permission shortly thereafter. We’re guessing there was some sort of technical issue that caused a delay until now. The good news is that the facility is now up and running…with our gas.
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KM’s Elba Island Train #1 Now Producing LNG for Export?

Kinder Morgan, the largest pipeline company in the U.S., has left a string of broken promises about the date for which the first Elba Island LNG export plant “mini-train” would begin producing and shipping LNG. We’ve chronicled the journey extensively. According to an official update from KM in July, Elba was “in advanced stages of the commissioning and start up process, including LNG production” (see KM Says Elba Island in “Advanced Stage” of Commissioning/Startup). Very quietly, on Friday, Aug. 9, KM sought permission from FERC to begin operations on the first mini-train, asking to start no later than Friday, Aug. 16. Did it happen?
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Overview of Gas Processing & Fractionation in M-U Wet Gas Region

click for larger version

Our friends at RBN Energy are beginning a new mini-series of blog posts delving into Marcellus/Utica gas processing and fractionation in the wet gas region–meaning southwest PA, eastern OH, and the northern panhandle of WV. Cryogenic gas processing plants separate methane (CH4) from the other carbon compounds in the stream, namely from NGLs (natural gas liquids). Fractionation further separates the NGLs into “purity products”–things like ethane, propane, normal butane, iso-butane and natural gasoline.
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Gas Flowing to U.S. LNG Export Plants Hits Record High – 6 Bcf/d

Our favorite government agency, the U.S. Energy Information Administration (EIA), published a post yesterday looking at natural gas deliveries to U.S. LNG export facilities. The post finds that in July gas flows to LNG export facilities hit a new record high of 6.0 billion cubic feet per day (Bcf/d). That’s an incredible 7% of all the natural gas produced in the U.S.
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Top Energy CEOs Skate on Thin Ice by Turning Against Shareholders

If Jeff Bezos (Amazon CEO) and Tim Cook (Apple CEO) jump off a cliff, should you, as CEO of an energy company, jump off too? The CEOs of ExxonMobil, Chevron, Marathon Petroleum and several other big oil and gas companies have just answered that question in the affirmative. Splat. Perhaps they were caught up in the euphoria of the moment. Perhaps they were shamed. (A new disorder for the DSM V: “CEO shaming.”) For whatever reason, a group of CEOs from some of the largest U.S. companies now say the people who buy their company’s stock and fund them via infusions of investment capital are no longer the #1 priority for their companies. We wonder what investors in those companies think. Have they had a change of heart? “Here, take my money and pee it away with no returns. Please! I don’t need this money any more.” Hey Jeff and Tim, we have a bridge in Brooklyn we’d like to sell ya…
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Shale Energy Stories of Interest: Tue, Aug 20, 2019

MARCELLUS/UTICA REGION: Officials call for safe, secure closure of bankrupt Philadelphia refinery; OTHER U.S. REGIONS: Cheniere Energy extends contract for CEO Jack Fusco; NATIONAL: There is no credible way to transport oil and natural gas without pipelines; U.S. energy policy must support natural gas in Appalachia and West Texas; Natural gas production hits new all-time high, further worsening the medium-term outlook; Big Wind’s big headwinds; States push 1st Circ. to revive suit over EPA ‘expert purge’.
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