NextEra Energy Buys 39% Stake in Atlantic Sunrise Pipe for $1.37B

Some big news to share. NextEra Energy Partners, a subsidiary of NextEra Energy which owns and operates solar and wind projects, as well as natural gas pipelines, announced early this morning they have cut a deal to buy Meade Pipeline Co LLC for $1.37 billion. Meade Pipeline is the name for a joint venture between several companies that own 39.2% of what is called the Central Penn Line pipeline system, otherwise known as Williams’ Atlantic Sunrise Pipeline–a major new pipeline that has single-handedly lifted the price drillers (and consequently landowners) receive for northeastern PA Marcellus gas.
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Every now and again we like to check in on a company that continues to keep the faith with respect to shale drilling in New York State. Empire Energy, according to its website, owns “large scale shale acreage” in the Marcellus, Utica and Bakken. Most of Empire’s Marcellus/Utica shale acreage is in New York State–where shale drilling is (so far) not allowed. According to a recent press release, Empire continues to hold its NY shale acreage “at minimal cost.”
The hits keep coming from OOGEEP, the Ohio Oil and Gas Energy Education Program. In May we brought you OOGEEP’s top notch new resource to help workers discover new careers in the oil and gas industry (see 
Last week MDN published a post from the U.S. Energy Information Administration (based on EIA data) that points out worldwide energy use over the next 30 years will increase another 50%, and most of it will still be provided by (yep), fossil fuels (see
MARCELLUS/UTICA REGION: Letter: Time to get Atlantic Coast Pipeline project moving again; OTHER U.S. REGIONS: New identity for BP in the shale fields; Port trucking company replaces diesel with natural gas trucks; Is the Permian natural gas price rally real?; NATIONAL: Lower 48 E&P bankruptcies not ‘epidemic,’ says Rystad; Shale boom is slowing just when the world needs oil most; Trump’s four biggest secrets are the economy; INTERNATIONAL: Extinction Rebellion funded by rich trust-funders and special interests; First export cargo from Freeport LNG nears UAE port; New IPCC report on ocean warming cites a flawed and retracted paper.