FERC Denies Time Extension to Build PA to NY Northern Access Pipe

National Fuel Gas Company (NFG), the utility and midstream giant based in Buffalo, NY, remains committed to building it’s Northern Access Pipeline project, a $500 million project that includes building 97 miles of new pipeline along a power line corridor from northwestern Pennsylvania up to Erie County, NY. The project also calls for 3 miles of new pipeline further up, in Niagara County, along with a new compressor station in the Town of Pendleton.
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Higher Regional Prices/Demand Leads to Record M-U Dec. Production

Although in recent months a number of major Marcellus/Utica drillers have shut-in (or curtailed) some of their natural gas production, apparently those days are over. According to an analysis by S&P Global Platts, M-U gas production in December has (so far) averaged nearly 33.9 Bcf/d (billion cubic feet per day), making December’s month-to-date average the highest on record. In fact, on Dec. 7, two days ago, regional output in the M-U was estimated at 34 Bcf/d, less than 300 MMcf/d below its all-time, single-day record high. What’s going on?
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DRBC has “Taken” $1.3B from Northern Wayne County, PA Landowners

On Monday MDN told you about a cool new website called LandGate that offers instant valuations for oil and gas rights sitting under a property, along with the location of wells drilled nearby (see Free Website Helps M-U Landowners Estimate O&G Values). MDN friend Tom Shepstone (Natural Gas Now) built on our discovery by using LandGate to calculate the value that has been destroyed by the Delaware River Basin Commission (DRBC) and their ongoing “temporary” ban on fracking in northern Wayne County, PA.
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WV Modifying Regulations to Allow MVP Project to Finish

Last week MDN told you that the judges of the U.S. Court of Appeals for the Fourth Circuit signaled they will overturn, for a second time, a permit issued by the U.S. Army Corps of Engineers that allows the 92% completed Mountain Valley Pipeline (MVP) from finishing its work by installing pipe under or through creeks and rivers (see 4th Circuit Clown Judges Signal They’ll Overturn MVP Permit, Again). We’ve just learned that the State of West Virginia is working to revise its environmental regulations to help MVP address the court’s objections.
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Weekly Shale Drilling Permits for PA, OH, WV: Nov 30-Dec 4

Last week Pennsylvania issued just 3 new shale well drilling permits–all for Cabot Oil & Gas in Susquehanna County. Ohio issued 5 new permits, with 4 of the 5 issued to Ascent Resources. And West Virginia issued 3 new shale well permits.
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Other Stories of Interest: Wed, Dec 9, 2020

OTHER U.S. REGIONS: Corpus Christi LNG Train 3 first commissioning cargo loaded; GWTI inks GTL patent agreement with the University of Texas Arlington; NATIONAL: Oilfield services sector lost 91,680 jobs due to coronavirus; Top 3 challenges to mitigating gas flaring & why ESG investors should care; Kinder Morgan to cut spending further in 2021 amid uneven US midstream recovery; U.S. crude output to decline more than previously forecast in 2020; Shale oil slump burns private equity interest; INTERNATIONAL: Brazil’s oil major believes net zero emissions is a ‘fad’.
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