Crestwood/Con Ed Sell Stagecoach Gas to Kinder Morgan for $1.2B
Crestwood Equity Partners and Consolidated Edison, Inc. (Con Edison) yesterday announced they are selling their 50/50 joint venture in Stagecoach Gas Services to pipeline giant Kinder Morgan for $1.225 billion in cash. Stagecoach consists of four natural gas storage facilities and 185 miles of natural gas pipelines located in the Marcellus/Utica with multiple interconnects to major interstate natural gas pipelines, including Tennessee Gas Pipeline, a Kinder Morgan subsidiary.
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Last December MDN brought you the exclusive news that barging of shale wastewater (produced water) had finally been approved by the U.S. Coast Guard and that it would begin during the first quarter of this year (see 
The Pennsylvania Dept. of Environmental Protection (DEP) has done a little more fundraising to underwrite the salaries of overpaid management. The DEP fined Olympus Energy (formerly Huntley & Huntley) for $175,000 in a “civil penalty.” What did Olympus do that was so egregious? After a hard rain some of the rainwater got muddy on an Olympus well pad and washed down an unnamed creek in Allegheny County. Oh, and the language on a sign posted at the pad site didn’t contain some of the exact “Simon Says” language on it, including permit numbers. The shame! The horror!
It’s interesting to observe how antis twist and turn *any* situation, no matter how obscure and inconsequential, into propaganda that supports their aim to end the use of all fossil fuels. For example, there was a minor, we’d call it routine, incident at a Mariner East 2 pipeline pumping station in Chester County on Monday night. A small leak of methane (natural gas) was detected in the pumping station. The leak was tiny and the gas didn’t even escape the pumping station. Yet antis are attempting to turn this molehill into Mount Everest.
Can we get an amen! We have an evangelist in the house. Toby Rice, CEO of EQT (the largest natural gas producing company in the U.S.) is preaching the gospel of natural gas. No surprise there. But what may surprise you (it did us) is just how much Rice is pushing natgas as the alternative to coal in power generation. In an interview with Barron’s, Rice declared we need “every tool” to end energy poverty around the world, and “natural gas is the most evolved tool” to do it. Amen!
Last week we shared the bombshell news that Cabot Oil & Gas, one of the premier drillers in the Marcellus, is merging with (being acquired by) Permian driller Cimarex Energy (see 
All three M-U states received permits to drill new shale wells last week, but not a lot. In fact, it was one of the lowest overall number of permits issued in recent memory. Pennsylvania received just five new permits, and some of those were reissued permits. Ohio received four permits. And West Virginia just a single new permit.
MARCELLUS/UTICA REGION: Hearing set for Olympus Marcellus shale gas valve site in Upper Burrell; Bucks County opens new Creek Road bridge in Warwick Township; OTHER U.S. REGIONS: Tellurian likely to start construction on Driftwood project this summer; Justices won’t review Ill. fracking moratorium; NATIONAL: Hydrogen, RNG ‘not ready for prime time’ in gas grid – state policymakers; Biden’s hypocrisy on Keystone XL vs. Nord Stream 2 pipelines; INTERNATIONAL: Climate activists are setting up oil prices for new boom; Oil price hits two-year high as OPEC sees more demand.