Analyzing Latest MVP Setback and Constrained M-U Pipe Situation

All eyes are on Equitrans Midstream, the builder of the 303-mile Mountain Valley Pipeline (MVP) project that is, once again, on pause due to the leftist judges who sit on the 4th Circuit Court of Appeals. In a pair of decisions a week apart, the clown judges overturned a permit and a plan to change drilling methods so the 94% completed MVP can finish (see 4th Circuit Throws Out Plan for Safer MVP Drilling re Candy Darter and 4th Circus Clowns Overturn MVP Permit for Jeff Natl Forest, Again). Next week Equitrans issues its fourth-quarter 2021 update and will no doubt have to address the timing issue of when they now expect to complete MVP.

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