Trump Deal Trades NY Offshore Wind for Constitution, NESE Pipes
It is “The Art of the Deal” with Donald J. Trump. Only DJT could pull off such a miracle. We are referring to a deal just struck (on Monday) with New York Governor Kathy Hochul. Trump will allow New York to blow $5 billion on an idiotic offshore wind project (off the coast of Long Island) in return for Hochul allowing the construction of two long-stalled pipeline projects: The Constitution Pipeline and the Northeast Supply Enhancement (NESE) Project, part of the Transco pipeline system. We had no idea NESE was on the table as part of a potential deal! Read More “Trump Deal Trades NY Offshore Wind for Constitution, NESE Pipes”
In early April, President Trump signed four executive orders (EOs) dealing with energy issues (see 
The Marcellus/Utica region is the United States’ top natural gas production area, accounting for about one-third of the country’s daily output. Natural gas production in the M-U has soared from 2 Bcf/d (billion cubic feet per day) to over 33 Bcf/d today in the past 15 years. Growth has slowed in recent years due to pipeline constraints, but new pipeline projects, rising Gulf Coast LNG demand, and in-basin data center development could drive a resurgence. Despite past challenges like canceled pipelines and a focus on the Permian, our region’s vast potential and improving infrastructure suggest a breakout, according to RBN Energy. However, low gas prices and regulatory hurdles remain big concerns, though data centers and LNG exports could boost demand significantly. 
The oil and gas industry is large and complex, including how companies raise money to drill new wells. One of the ways companies get financing to drill is via partners that invest but don’t take an active role. It’s called being a non-operated (non-op) owner or partner. A company (another driller, an investment company, bank, etc.) will give an active driller money and, in return, will receive a percentage ownership in the well and its production. North Hudson Resource Partners, a Houston-based energy investment firm, is one such company. North Hudson has, in the past, raised multiple rounds of money from investors and invested that money in different plays, including the Utica Shale. 
Gas-fired power plants in the Marcellus/Utica region (and beyond) continue to change hands at a dizzying pace. Last week, MDN brought you the news that NRG Energy agreed to acquire LS Power’s portfolio of natural-gas power plants in a deal valued at roughly $12 billion, including debt, that will expand NRG’s footprint in Texas and along the East Coast (see 
“If you tell a lie big enough and keep repeating it, people will eventually come to believe it.” That quote is attributed to Adolf Hitler, a master of lying propaganda. The environmental left is also a master at lying propaganda. Like this lie: “
MARCELLUS/UTICA REGION: Expand Energy donates $20,000 to Wetzel County emergency services; OTHER U.S. REGIONS: Oglethorpe selects GE Vernova’s tech for new natgas plant; Mass. orders utilities to spend less ratepayer money on natural gas pipelines; New Plaquemines LNG terminal hit record highs on feedgas demand; NATIONAL: US shale to plateau if oil stays in current range, ConocoPhillips CEO says; U.S. natural gas jumps back up on short covering; INTERNATIONAL: WTI, Brent edge lower in choppy trade; China’s LNG traders embrace new role as global swing suppliers; Woodside sees global natural gas demand surging by 50% by 2030.