Montage Resources: 5 New OH Utica Wells, Profits Tumble in 2Q

Montage Resources, the new name for the merger of Eclipse Resources with Blue Ridge Mountain Resources which happened more than a year ago, issued its second-quarter 2020 update last week. Production for Montage in the Marcellus/Utica was up slightly (3%), to 551.7 MMcfe/d in 2Q. Profits, on the other hand, were way down. The company lost $68.9 million in 2Q20 versus making a $27.5 million profit in 2Q19. Low prices for natgas explain why.
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NFG: More PA Fracked Gas to NY Coming Online Next Few Months

NFG’s Empire North project (click for larger version)

Late last week National Fuel Gas Company (NFG), the parent company of Marcellus/Utica driller Seneca Resources and midstream company Empire Pipeline, issued its third-quarter (everyone else’s second quarter) financial and operational update. Among the things we learned: Seneca dropped to using a single drilling rig in June and shut-in some of its Marcellus/Utica production. That strategy remains in place for the foreseeable future, according to NFG’s top brass.
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Contractor Sues Risberg PA-to-OH Pipeline for Nonpayment $35M

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In March 2019 MDN brought you the news that Wood Group had been awarded a $34 million contract to build 28 miles of the 60-mile Risberg Pipeline from Crawford County, PA to Ashtabula County, OH (see Wood Wins $34M Contract to Build PA to OH Risberg Pipeline). The portion Wood built was new “greenfield” pipeline. The rest of the pipeline (32 miles) already existed and was repurposed.
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KM Puts Elba Island Train #10 into Service – One Train Remains

The Federal Energy Regulatory Commission (FERC) granted permission to Kinder Morgan to begin service on train #10 at KM’s Elba Island LNG export facility, located near Savannah, Georgia. KM’s Elba project consists of 10 mini-trains, each capable of liquefying 0.3 million tonnes per annum (MTPA) of LNG–or roughly 40 million cubic feet per day (MMcf/d) of natural gas. There’s just one train left to bring online…
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Work Continues on Country’s Biggest NatGas Power Plant in Ohio

What Guernsey Power Plant will look like (click for larger version)

From time to time we check in on the Guernsey Power Station, a mammoth 1,875-megawatt Utica gas-fired electric generating station being built in southern Guernsey County in Ohio. As near as we can tell, it is the biggest natgas-fired plant anywhere, period. We spotted a story that says work at the site is progressing.
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Collusion Exposed! Between Russia and U.S. Congress re Gas Pipe

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The false narrative that somehow Donald Trump and/or those in his administration “colluded” with Russia to affect the 2016 election is flat-out, 100% horse manure. It has been proven to be completely false–a narrative concocted by former FBI director James Comey and others tied to the Hillary Clinton campaign. Yet to this day so-called news outlets like the New York Times, Washington Post, and the joke-of-a-network CNN still push that false narrative. They lie. They don’t reveal the REAL Russian collusion story…
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Shale Energy Stories of Interest: Tue, Aug 11, 2020

MARCELLUS/UTICA REGION: PA DEP publishes new policy on replacement, restoration of private water supplies impacted by shale drilling; Range Resources hosting career seminar for ag students; OTHER U.S. REGIONS: Sempra launches full commercial ops at Cameron LNG; Dakota Access pipeline given three weeks by judge to detail options; NATIONAL: Low cost shale drilling might not boost oil production this time; Climate activists pressure Biden to take “no holds barred” anti-fossil fuel stance; Oil, gas and mining industries shed jobs again in July.
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