Williams Adding 4.2 Bcf/d of New NatGas Pipes 2024-2027, More Later
The CEO of midstream giant Williams, Alan Armstrong, spoke at the Barclays CEO Energy-Power Conference yesterday. He gave conference attendees an update on the many (many!) projects Williams has recently completed, is currently completing, and is likely to complete in the future. The company is on track, said Armstrong, to add 12 new pipeline projects representing about 4.2 billion cubic feet per day (Bcf/d) of capacity from 2024-2027. Looking further out, the company said it has about 30 projects under development, representing about 11.5 Bcf/d of capacity from 2028-2032. That’s a staggering 15.7 Bcf/d of new capacity coming online from this one company. How much of it is in the Marcellus/Utica? Read More “Williams Adding 4.2 Bcf/d of New NatGas Pipes 2024-2027, More Later”
In 2019, when then-Pennsylvania Gov. Tom Wolf announced he would unilaterally force the state to join the Regional Greenhouse Gas Initiative (RGGI), a carbon tax scheme aimed at forcing coal- and gas-fired plants out of business, he claimed the tax would only amount to a few dollars per allowance (or “short ton”) of CO2 (see 
MiQ is one of two major gas certification authorities that certify low methane emissions and is used by nearly every Marcellus/Utica driller. Last October, MDN brought you information about the two major gas certification authorities, MiQ and Project Canary, and the effort by drillers to get their gas officially certified as responsibly sourced (see 
There’s just no way to sugarcoat the fact that the low low price for natural gas is having an impact on shale drillers in the Marcellus/Utica. According to an analyst with RBN Energy, a price plunge to near the $2/MMBtu level in early 2023 “crippled” financial results for the companies RBN monitors that are gas-focused (namely M-U companies). However, most producers on the RBN list have remained in the black through spending less and cutting back on production. Down but far from out. How did the major M-U companies that are publicly traded perform in 2Q24? We have the numbers below. 
As you know, the Biden-Harris administration has been a big promoter of hydrogen energy, even though (a) it’s expensive to produce and (b) there are no customers (currently) who want more supplies of it. Because hydrogen is “clean” energy, the left is pushing it as energy nirvana. (Most leftists alive today don’t know what the 
The State of Maine has a completely unrealistic climate goal of using 80% renewable energy generation by 2030. It 100% won’t happen. But state officials continue to fart around pretending they will hit that goal. Meanwhile, back in the real world, natural gas remains THE key energy source for the state, generating more than half of New England’s (and Maine’s) power. Three interstate pipelines flow natural gas molecules to the state: Maritimes & Northeast Pipeline, Algonquin Gas Transmission, and Granite State Gas Transmission. All three are requesting a rate increase. Two of the three, Maritimes and Algonquin, are owned by Enbridge and have requested a rate increase of 30-50%. Ouch. 
We spotted an opinion piece in the New York Post with the provocative title, “With Kamala Harris now in favor, Hochul should let upstate NY frack, baby, frack.” It’s part tongue-in-cheek and part serious. If The Cackler can turn on a dime and supposedly embrace fracking, why can’t leftist Kathy Hochul? (Of course, Harris hasn’t really changed her position on fracking. But play along just for kicks…) The Post column outlines the economic devastation that has hit Upstate NY (where MDN is located) and how a simple change in policy to allow fracking would ignite the Upstate economy. The author is right. If Hochul *really* cared about Upstate and seeing it prosper, she would work to allow shale fracking.
MARCELLUS/UTICA REGION: Pennsylvania man pleads guilty to defrauding $2M from investors; NATIONAL: US oil, gas M&A nears 2023 record, focus shifts away from Permian; Toning down the rhetoric on fossil fuels and radical climate change; America’s energy success has nothing to do with the Biden-Harris administration; INTERNATIONAL: OPEC+ discusses delaying supply boost after oil price crash; Saudi Arabia faces potential deficit on oil decline.