Strange times. It’s not the kind of thing you want to be known for typically–that your shale region will lead the way among all shale regions across the country in *reducing* production in the coming month. Yet that’s what the latest Drilling Productivity Report from the U.S. Energy Information Administration (released yesterday) shows–and most folks in the Marcellus/Utica region will be happy about it.
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Day: October 14, 2020
OH Long Ridge Energy Power to Blend Hydrogen with Utica Gas
In June 2019 Long Ridge Energy Terminal in Monroe County, OH (transloading facility) began to build a 485-megawatt Utica gas-fired electric plant (see Work Begins on Gas-Fired Elec Plant in Monroe County, OH). The new Utica-fired plant is supposed to be up and running in “late 2021.” But what’s this? Even before it’s built, the owners have announced they are transitioning the plant away from Utica gas to burn hydrogen instead.
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Cove Point LNG Begins to Restart After Annual Maintenance Outage
In September MDN told you that Cove Point LNG had gone offline for roughly three weeks for its annual plant maintenance routine (see Cove Point LNG Down for Maintenance for Next 3 Weeks). We’re happy to report the gas has once again begun to flow to the facility.
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Peregrine Energy Buys Royalty Payments from SWPA, WV Landowners
Peregrine Energy Partners, headquartered in Dallas, Texas, continues its program to buy royalty payments from landowners in the Marcellus/Utica region. The company announced a fourth round of deals, this time purchased from landowners in Tyler County, WW, and Fayette County, PA.
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Equitrans Signals Schedule Change for Mountain Valley Pipe
Late Friday the Federal Energy Regulatory Commission (FERC) granted permission to Mountain Valley Pipeline (MVP) to restart work on all but a 25-mile segment of the 92% completed project (see FERC Gives Mountain Valley Pipeline OK to Restart Construction). Until now every signal we’ve read coming from Equitrans, the builder, is that MVP will be done and online early (first quarter) next year. Is that signal now changing?
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Weekly Shale Drilling Permits for PA, OH, WV: Oct. 5-9
Only Pennsylvania issued permits to drill new shale wells last week in the Appalachian region. Neither Ohio nor West Virginia issued any new drilling permits from Oct. 5-9. In PA, some 20 permits were issued in both the northeast and southwest parts of the state.
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Other Stories of Interest: Wed, Oct 14, 2020
MARCELLUS/UTICA REGION: NYPA reaches peaker agreement; NATIONAL: Chart buys Worthington cryogenic and hydrogen business; ConocoPhillips in talks to buy Concho Resources in big shale bet; Morgan Stanley sees oil prices struggling to break above $50; Chevron to stay wedded to shale, for ‘incredible flexibility’; America in 2022 after a Biden-Harris win; The Supreme Court is taking critical step towards resolving frivolous climate suits; Down and out: bankruptcy valuations portend production declines.
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