MVP Work Restarts in Summers County, WV – Joe Manchin Field Trip

An Act of Congress (the Fiscal Responsibility Act) cleared away the remaining obstacles to completing the 303-mile Mountain Valley Pipeline (see Equitrans Announces Mountain Valley Pipe to Get Completed in 2023). After a final appeal by antis with their colluding buddies of the 4th Circuit threatened to block the Fiscal Responsibility Act’s MVP provisions, the U.S. Supreme Court stepped in and overruled the 4th Circuit (see Supreme Court Overturns 4th Circuit, MVP to Restart Construction). Following the Supremes’ decision, MVP restarted construction–on August 4 in Virginia (see MVP Restarted Va. Construction Aug 4th, 8 Stream Crossings So Far). However, we’d not heard anything about work restarting in West Virginia–until now.
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Gulfport Energy, the third-largest driller in the Ohio Utica Shale (by the number of wells drilled), emerged from bankruptcy in May 2021 with a new board and top management. In January of this year, the company appointed a new CEO, John Reinhart, the former President and CEO of M-U driller Montage Resources Corporation before that company was gobbled up by Southwestern Energy (see
The transient workers in the Ohio Utica Shale field must stay somewhere. That somewhere is typically a hotel or motel. Belmont County, one of the hotbeds of Utica drilling, has many such transient workers. Their overnight stays at area hotels and motels create a big pile of lodging tax revenue, which is used to help fund the Belmont County Tourism Council. And the Council is thankful for it!
Williams CEO Alan Armstrong spoke at the Barclays CEO Energy-Power Conference in New York City yesterday. Certain members of the press were invited to attend (but sadly, not MDN). Armstrong had some interesting things to say at the Barclays soiree. Armstrong engaged in a little smack talk about the recently announced Enbridge deal to buy Dominion Energy’s remaining gas utility businesses for $14 billion (see
Federal Energy Regulatory Commission Chairman Willie L. Phillips (Democrat) is one of many high-profile speakers appearing on the stage at the Gastech 2023 conference currently underway in Singapore. He delivered some blunt language to leftist kooks who believe we must end the use of fossil energy. Phillips said, “There will be no transition of our energy system?without natural gas.” BOOM. So much for all those Democrat cities and states trying to phase out the use of natural gas. According to one of their own, that’s not happening.
Driftwood LNG, a 27.6 million tonnes of LNG per year facility that will cost on the order of $14.5 billion to build, has not made an official final investment decision (FID) to proceed with the FERC-approved project. However, construction began on the project in March 2022 (see
What’s the government’s answer to everything? Money! Have a problem, throw money at it, and declare it solved. Need more votes in the next election? Money helps with that, too. Here’s the latest “money solves all problems” proposal from the Dept. of Energy (DOE)… The DOE’s Office of Fossil Energy and Carbon Management (FECM) announced up to $30 million in free money (i.e., grants) for developing advanced technologies to reduce or eliminate the need for natural gas flaring at oil production sites. Cause you know, fugitive methane is toasting Mom Earth into a cinder.
INTERNATIONAL: Oil rallies near nine month high; Fragile LNG market threatens volatility and return to coal; Buoyant LNG industry bets it’s in the energy mix for decades; India’s GAIL to tap spot LNG markets to meet surge in power demand.