PA Labor/Biz Groups Turn Out to Support ME2 Marsh Creek Plan
Last night the Pennsylvania Dept. of Environmental Protection (DEP) held a virtual hearing on a compromise plan between Energy Transfer/Sunoco Logistics and the DEP to allow ET/Sunoco to complete construction of the Mariner East 2 pipeline project in the Marsh Creek State Park area (Chester County) where there have been some “issues” that halted work in the area. Given the buildup by the anti-fossil fuel left to turn out and mouth off at the hearing, we’re struck that (so far) it is radio silence in mainstream media about the hearing. We can’t find a single story about the hearing. We do, however, have a report on more than two dozen pro-pipeline speakers who turned out for the virtual hearing. Perhaps that’s why the media is silent?
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Sabal Trail is a $3.2 billion, 515-mile interstate natural gas pipeline in Florida, Georgia, and Alabama built to deliver (in part) Marcellus gas to the southeast. Sabal Trail connects to Williams’ Hillabee Expansion Project, which is a pipeline spur built off the huge Transco pipeline system. On June 15 the Federal Energy Regulatory Commission (FERC) issued orders extending the time for both projects to complete the final bits of their construction by another two years.
On January 4, 2014, Rice Energy (at that time run by Dan Rice IV) hired Vice President for Completions (head fracker) Babatunde Ajayi. After Ajayi assembled a team and a system that propelled Rice to become one of the leading Marcellus/Utica drillers, Rice fired Ajayi on October 31, 2016. Rice claimed Ajayi was double-dipping–that he had a conflict of interest by owning shares in a company doing business with Rice Energy. Ajayi says he had reported his ownership interest–for years–and that Rice fired him shortly after he was forced to sell all of his shares in the other company. The reason he was fired, according to Ajayi, is so that Rice wouldn’t have to pay him $1.9 million in bonuses via shares of Rice stock. According to Ajayi, Rice used him, used his knowledge, then kicked him to the curb. So he sued.
Evolution Well Services, headquartered in Houston with a regional office in Pittsburgh, specializes in “electric” fracking–using natural gas from the well pad (instead of diesel fuel) to power turbines to create electricity that drives fracking pumps. The company reports hitting a major milestone: Completing over 30,000 frac stages, the most electric frac stages completed to date in the industry. The stages were completed for numerous clients across the Marcellus/Utica, Permian, Scoop, Stack, and Eagle Ford shale basins.
S&P Global Market Intelligence has been publishing a multipart series exploring the natural gas industry’s role and prospects in the so-called energy transition happening across the world. A mania has taken hold forcing all companies to cut so-called greenhouse gas emissions–including companies in the energy industry. (Don’t forget what they produce are hydrocarbons, so they have to cut their own use of very thing they produce.) What is the role of natural gas in a “low carbon” world? How can upstream (drilling) companies adapt and stay in business? S&P says natural gas’ “low carbon challenge” is to stay cheap and get “cleaner.” What do they mean?
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