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  • Doddridge County | Energy Services | Industrywide Issues | Marathon Petroleum | MarkWest Energy | Pipelines | Processing Plants | West Virginia | Wetzel County

    Unplanned Outage at 2 WV MarkWest Plants Knocks 2.4 Bcf/d Offline

    July 2, 2021July 2, 2021
    MarkWest Sherwood Complex (click for larger version)

    It doesn’t happen often, but when it does, it’s disconcerting. We’re talking about an “operational event” (i.e. outage) at not one but two MarkWest Energy natural gas processing plants–both in West Virginia. MarkWest’s Sherwood plant in Doddridge County and Mobley plant in Wetzel County are affected. According to NGI’s Daily Gas Price Index, four pipeline receipt locations affected by the outage are scheduled to go to zero beginning today “until further notice.”
    Read More “Unplanned Outage at 2 WV MarkWest Plants Knocks 2.4 Bcf/d Offline”

  • Industrywide Issues | Research

    Fossil Fuels Provided 79% of America’s Energy in 2020

    July 2, 2021July 2, 2021

    Is our favorite government agency, the U.S. Energy Information Administration, being corrupted by the Biden White House? Maybe. The EIA published a post on their Today in Energy website yesterday to trumpet the fact that “nonfossil fuel sources” accounted for 21% of all energy consumed in the U.S. in 2020. The post should have had the headline that fossil energy provided 79% of all energy consumed in the U.S. last year. Yes, that was a new low for fossil energy (and a new high for nonfossil fuels) in the modern age, but not by much. We dug into the numbers and discovered a startling revelation: natural gas was the #1 source of energy consumed in the U.S. last year–even more than oil!
    Read More “Fossil Fuels Provided 79% of America’s Energy in 2020”

  • Energy Services | Industrywide Issues | Litigation | PennEast Pipeline | Pipelines

    Analyzing the Supreme Court’s PennEast Pipeline v. NJ Decision

    July 2, 2021July 2, 2021

    The Supreme Court decision from earlier this week allowing PennEast Pipeline to use the federally delegated power of eminent domain to cross tiny pieces of land owned (or controlled by) New Jersey is still reverberating across the country (see PennEast Pipeline Squeaks Out 5-4 Supreme Court Victory Over NJ). Antis were quick to dismiss the decision, saying it’s “not the final word” on whether the project will get built. They’re missing (or intentionally obfuscating) the point. We have two excellent analyses of the court’s decision and how it will affect not only the prospects for finishing PennEast, but the prospects for other (future) pipeline projects. We even have insight into how this decision affects projects other than pipelines.
    Read More “Analyzing the Supreme Court’s PennEast Pipeline v. NJ Decision”

  • Energy Services | PennEast Pipeline

    PennEast Pipeline Still Faces Obstacles Before Building

    July 2, 2021July 2, 2021

    As encouraging (indeed critical) as this week’s Supreme Court decision was and is for the PennEast Pipeline, a 120-mile 1.1 billion cubic feet per day (Bcf/d) pipeline from northeastern Pennsylvania to New Jersey, the court victory does not automatically mean the pipeline will get built. Not one square inch of pipe has been laid yet. What are the potential obstacles that could derail the project?
    Read More “PennEast Pipeline Still Faces Obstacles Before Building”

  • CNX Resources | Energy Companies | ESG | Industrywide Issues

    CNX Creates Nonprofit to Oversee $30M Community Fund

    July 2, 2021July 2, 2021

    In April, CNX Resources Corp. announced instead of just blowing smoke about ESG (environmental, social, governance) with pretty slide shows and hoopla, they would donate $30 million to local, underserved communities and populations in the tri-state region (see CNX Investing $30M in Underprivileged Communities in Tri-state Area). Yesterday CNX announced the formation of a new nonprofit to oversee the distribution of that money–to make sure it really helps those who need it.
    Read More “CNX Creates Nonprofit to Oversee $30M Community Fund”

  • ESG | Industrywide Issues

    Drillers HOPE Customers Will Pay More for Green Gas…Will They?

    July 2, 2021July 2, 2021

    With all of this blather about ESG (environmental, social, governance) and net zero and so-called “renewable” natural gas (RNG), has anyone stepped back to ask the question, Will utility companies (and their ratepayers) actually pay more for green gas? Reuters has asked the question and it seems that right now, the answer is a resounding NO!
    Read More “Drillers HOPE Customers Will Pay More for Green Gas…Will They?”

  • Best of the Rest

    Other Stories of Interest: Fri, Jul 2, 2021

    July 2, 2021July 2, 2021

    MARCELLUS/UTICA REGION: NYC hates nuclear power and natural gas – now they have to turn off their air conditioners; NATIONAL: US weekly LNG exports and Henry Hub price rise; Shadow lenders take over in the U.S. shale patch; Video: China, Universities & Climate Change; INTERNATIONAL: Oil prices end trading day above $75; Global natural gas benchmarks to rise through 2023 amid supply deficit.
    Read More “Other Stories of Interest: Fri, Jul 2, 2021”

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