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Mariner East & Marcus Hook Hit Record High M-U NGL Exports in 2Q
Earlier this week, Energy Transfer (ET), the builder of the mighty Mariner East pipelines and owner/expander of the Marcus Hook refinery, issued its second quarter update. The company had plenty of positive news to report, including net income of $1.33 billion, a $700 million increase from the same period last year. In July, the company hit a new record high for the amount of NGLs flowing through the Mariner East pipeline system. It has also found a way to squeeze another roughly 10,000 barrels per day of NGL exports out of Marcus Hook.
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Gulfport Energy, the third-largest driller in the Ohio Utica Shale (by the number of wells drilled), emerged from bankruptcy in May 2021 with a new board and new top management. By September of last year, the rumors began circulating that the company was shopping itself for sale (see 
While drilling in Chester County in August 2020 in the Marsh Creek State Park area, Energy Transfer’s (ET) Mariner East 2X pipeline experienced an “inadvertent return”–nontoxic drilling mud coming up out of the ground where it’s not supposed to (see 
The radicalized environmental left has opened up a new front in its disgusting (and insane) war against fossil energy. Three hard-left groups–U.S. PIRG Education Fund, Environment America Research & Policy Center, and ClientEarth–announced yesterday they have filed a lawsuit (i.e. fundraiser) against natural gas utility company Washington Gas in the District of Columbia Superior Court. The faux claims in the lawsuit say Washington Gas “misled” customers about the environmental impacts of using natural gas. This is a first-of-its-kind lawsuit in the United States, claiming a gas utility has violated consumer protection laws (i.e. “greenwashing”).
Enverus, a leading global energy data analytics and SaaS technology company, earlier this week released Macro Forecaster, a new report that assesses the continued impact of COVID-19, the Ukraine war, and the weakening global economy on near-term oil and gas balances. Enverus predicts the price of oil will be somewhere in the range of $80s or $90s per barrel by the end of this year. The company also predicts natural gas will slump to about $4.50/MMBtu by next summer.
We have spit and sputtered daily since Traitor Joe Manchin announced his treachery last week–that he will sacrifice the entire country and its economic future in return for finishing one pipeline (see 
For the week of July 25-31, the three Marcellus/Utica states issued 24 permits to drill new shale wells, up from 16 the prior week. However, in a major turnaround, Pennsylvania only issued two new permits, one to Chesapeake Energy and the other to Olympus Energy. Ohio had the lion’s share of new permits, issuing 14. Eight of Ohio’s permits went to Encino Energy, and four to Utica Resources Operating. West Virginia issued eight new permits, with seven of them going to Antero Resources.
MARCELLUS/UTICA REGION: Pennsylvania and LNG to Germany; NATIONAL: Oil falls to pre war level as demand eases; US weekly LNG exports up by four LNG tankers; Is Manchin about to get rolled by the Democrats?; Methane fee likely to survive ‘Byrd bath,’ lawmakers say.