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Marcellus Drilling News
  • Energy Services | Equitrans/EQT Midstream | Industrywide Issues | Pipelines | Virginia

    MVP Testing Showed 70 Potential Flaws, 15 Sections Cut & Replaced

    May 14, 2024May 14, 2024

    On May 1, a section of the Mountain Valley Pipeline (MVP) near Roanoke, VA, failed (ruptured) during pressurized water testing conducted to ensure that there were no leaks or flaws (see Section of MVP Ruptures Near Roanoke Under Water Pressure Test). All testing was temporarily stopped. We have several updates: (1) Since the May 1 rupture, MVP has replaced and retested the affected section, along with restarting tests on other sections. (2) On Friday, May 10, the Virginia Department of Environmental Quality (DEQ) cited MVP for environmental violations. And (3) A recently obtained report filed by MVP with the federal PHMSA shows there were 70 “indications” or signs of possible flaws with the pipe after an in-house evaluation late last year. After investigating those flaws, 15 sections were cut out and replaced.
    Read More “MVP Testing Showed 70 Potential Flaws, 15 Sections Cut & Replaced”

  • Anti-Drilling/Fossil Fuel | Hydraulic Fracturing | Industrywide Issues | New York | Regulation | Statewide NY

    2 Mo. After NY Legislature Passed CO2 Frack Ban, Gov Hasn’t Signed

    May 14, 2024May 14, 2024

    Is there a crack of light, a sliver of hope, that a bill passed by both the New York Assembly and Senate to ban carbon dioxide “fracking” will NOT be signed into law by New York’s left-leaning Governor, Kathy Hochul? The bill was passed by the Senate on March 20 after already passing in the Assembly (see Radicals Win in NY – Senate Passes Permanent Ban on CO2 Fracking). We checked today, and the bill *still* has not even gone to the Governor’s desk for consideration. Once it does hit her desk, she has ten days to decide whether or not she will sign it into law. If she signs it, all hope for landowners in the Southern Tier to profit from their own land is gone.
    Read More “2 Mo. After NY Legislature Passed CO2 Frack Ban, Gov Hasn’t Signed”

  • Energy Services | Industrywide Issues | Pipelines | Transco | Williams

    Williams Project to Replace Mainline Compressor Units on Transco

    May 14, 2024May 14, 2024

    Last week, in reporting on pipeline giant Williams’ first quarter 2024 update, we told you about a major new project Williams has begun to replace (upgrade) 112 mainline compressor units with state-of-the-art low-emission turbines and electric drive units on the Transco and Northwest Pipe (see Williams 1Q Revenue Up 8%, Replacing 112 Compressor Units). Instead of leaving the information about the compressor replacement project buried in the quarterly update, Williams published a full press announcement yesterday to trumpet the news.
    Read More “Williams Project to Replace Mainline Compressor Units on Transco”

  • Electrical Generation | Industrywide Issues

    NET Power NatGas Plant with Zero Emissions Provides 1Q Update

    May 14, 2024May 14, 2024

    In December 2022, Rice Acquisition Corp II, a special purpose acquisition company (SPAC) started by the Rice brothers (Danny, Toby, and Derek), announced a deal to acquire NET Power — an electric power developer with revolutionary new technology to capture every last molecule of carbon dioxide from natural gas-fired power plants (see Dan Rice Buys Co. that Builds Zero-Carbon Gas-Fired Electric Plants). The Rice deal to buy NET Power closed in June 2023, with Danny Rice (former CEO of Rice Energy) becoming the new CEO of NET Power (see NET Power Completes $1.5B Merger with Rice Acquisition Corp.). NET Power, now a publicly traded company, issued its first quarter 2024 update yesterday to inform investors of its progress.
    Read More “NET Power NatGas Plant with Zero Emissions Provides 1Q Update”

  • Electrical Generation | Industrywide Issues | Pennsylvania | Regulation | Statewide PA | Taxation

    PA Gov. Shapiro Energy Policy – Formula for Expensive Electricity

    May 14, 2024May 14, 2024

    In March, Pennsylvania Gov. Josh Shapiro traveled to Scranton, PA, to announce a proposal to “immediately pull Pennsylvania out of a multi-state carbon cap-and-trade program” (the so-called Regional Greenhouse Gas Initiative, or RGGI) and instead enroll PA in its very own RGGI-like carbon tax program (see PA Gov. Shapiro Proposes Own Version of Marcellus-Killing Carbon Tax). Same end result: It would kill Marcellus-fired power plants in the state, forcing them to close and relocate to West Virginia and Ohio, states that don’t engage in the lunacy of taxing carbon emissions from power plants. The Shapiro plan also includes a provision to FORCE the state to get 35% of its electricity from unreliable renewables, and FORCE it to get 50% of its electricity “from a diverse range of energy resources” by 2035, just over ten years from now. Shapiro recently found legislators dumb enough to introduce his plan in the form of four bills (see Extremist Democrats Intro Gov. Shapiro’s Energy Plan with 4 Bills).
    Read More “PA Gov. Shapiro Energy Policy – Formula for Expensive Electricity”

  • Energy Services | Marathon Petroleum | MarkWest Energy

    Change at the Top of MPLX, the Former MarkWest Energy

    May 14, 2024May 14, 2024
    Maryann T. Mannen

    In late 2015, MPLX (i.e., Marathon Petroleum) bought out and merged in the Utica Shale’s premier midstream company, MarkWest Energy, for $15 billion (see MarkWest Energy Investors/Unitholders Approve Merger with Marathon). The “new” MarkWest, aka MPLX, plays on a much larger stage now, including ownership and operation of major assets in the Permian Basin and in the Bakken Shale, in addition to the Marcellus/Utica. Big news: MPLX CEO Mike Hennigan is stepping back and will be succeeded by Maryann T. Mannen, currently President of Marathon Petroleum.
    Read More “Change at the Top of MPLX, the Former MarkWest Energy”

  • CNG/LNG | Exporting | Industrywide Issues

    U.S. LNG Export Capacity Forecast to Rise 80% by 2028

    May 14, 2024May 14, 2024

    American LNG exports are a true success story. We have shale drilling to thank for LNG exports. The U.S. went from importing LNG a few short years ago to exporting 11.9 billion cubic feet per day (Bcf/d) of LNG in 2023. But baby, you ain’t seen nothin’ yet! U.S. LNG exports in 2024 are forecast to hit an average of 14 Bcf/d. And because of facilities currently under construction or will soon be under construction, U.S. LNG exports are forecast to hit an average of 25 (!) Bcf/d by 2028, some 80% more than this year!
    Read More “U.S. LNG Export Capacity Forecast to Rise 80% by 2028”

  • Best of the Rest

    Other Stories of Interest: Tue, May 14, 2024

    May 14, 2024May 14, 2024

    MARCELLUS/UTICA REGION: Biden bribes PA voters with $17 billion; OTHER U.S. REGIONS: The LNG industry has revived my community; NATIONAL: Trump vows Day One executive order targeting offshore wind; We are not prepared to meet rising energy needs; Biden is not refilling the Strategic Petroleum Reserve; Geothermal energy talk rises to the surface at OTC; INTERNATIONAL: New Bloomberg study warns of $150 oil.
    Read More “Other Stories of Interest: Tue, May 14, 2024”

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