Texas Eastern Pipe in Ohio Down Indefinitely Following Blast
Some 2.31 billion cubic feet per day (Bcf/d) of Utica Shale natural gas had been flowing through the Berne Compressor Station in Noble County, OH. Some (most?) of that gas goes to the Gulf Coast. That is, did go to the Gulf Coast–until the Texas Eastern Pipeline (Tetco) exploded earlier this week. That 2.31 Bcf/d coming from Berne has dropped to 0 Bcf/d for the indefinite future.
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Westmoreland Gas, headquartered in Bridgeport, WV, was founded in August 2018 by two industry veterans, one with close ties to Mountain V Oil & Gas. According to a press release issued two days ago, Westmoreland closed on oil and gas assets in WV on Dec. 31, essentially launching the company.
The Independent Oil & Gas Association of West Virginia (IOGAWV) held its annual winter meeting on Tuesday and Wednesday. There was a LOT of talk of WV nabbing the much-talked-about multi-billion dollar NGL storage hub project.
What could have been a major threat not only to Mountain Valley Pipeline (MVP), but to all pipeline projects, was averted on Tuesday when the U.S. Supreme Court declined to hear a case brought by 13 landowners (backed with Big Green money) challenging the right to use eminent domain for private companies.
Shame on the Connecticut Energy Marketers Association, a group of fuel oil dealers who selfishly want to block the expansion of natural gas pipelines to homes and businesses, just so they can sell more dirty fuel oil.
Our friends at NGI (Natural Gas Intelligence) have launched yet another helpful online price tracker. The NGI U.S. LNG Export Tracker keeps tabs on the amount of natural gas flowing into, and out of, six different LNG export facilities that either already are, or soon will be, exporting U.S. LNG.
MARCELLUS/UTICA REGION: GAIL puts up three Cove Point LNG cargoes for sale; OTHER U.S. REGIONS: EIA’s new interactive New England dashboard tracks energy capacity constraints; NATIONAL: Oilfield services companies face another tough slog; Crude Summit – Repsol sees potential shale demand cap; Full impact of shale revolution not yet seen; Frac water demand in U.S. skyrockets; INTERNATIONAL: It’s cold in China, and environmental central planning has turned off the heat.