In March, MDN brought you the news that the Federal Energy Regulatory Commission (FERC) had taken “significant action” to address the Trump tax cut legislation enacted last December (see FERC Takes Aim at Adjusting Pipe Rates in Light of Trump Tax Cut). FERC wants to be sure the tax cuts coming to electric companies and…
The move to dissolve MLPs (master limited partnerships) and replace them with a corporate structure continues. In March, the Federal Energy Regulatory Commission (FERC) took “significant action” to address the Trump tax cut legislation enacted last December (see FERC Takes Aim at Adjusting Pipe Rates in Light of Trump Tax Cut). FERC wants to be…
For some time we’ve covered the story of MLPs–master limited partnerships–and how they are being phased out. An MLP is an alternative form of organizing a company (or subsidiary company), different from a corporation. The primary purpose of an MLP is for investors, who buy “units” in the MLP instead of shares of stock, so…
We write about Boardwalk Pipeline Partners every now and again. They don’t have a lot of pipelines in the Marcellus/Utica region–but what they do have is important. One of the pipelines operated by Boardwalk is the huge Texas Gas Transmission (TGT)–originally built from the Louisiana Gulf Coast to the upper Midwest to supply Illinois, Indiana…
It appears a decision by the Federal Energy Regulatory Commission (FERC) earlier this year that strips away the main advantages of the tax-advantaged master limited partnerships (MLP) structure is causing the MLP to go the way of the dodo bird. Because of the Trump tax cut, in March FERC reversed a previous policy and will…
Last week MDN brought you the news that the Federal Energy Regulatory Commission (FERC) had taken “significant action” to address the Trump tax cut legislation enacted last December (see FERC Takes Aim at Adjusting Pipe Rates in Light of Trump Tax Cut). FERC wants to be sure the tax cuts coming to electric companies and…
Last Thursday the Federal Energy Regulatory Commission (FERC) held an open meeting during which the commissioners “took significant action” to address the Trump tax cut legislation enacted last December. FERC wants to be sure the tax cuts coming to electric companies and pipeline companies are passed on to consumers and pipeline shippers. We are still…
MARCELLUS/UTICA REGION: Cabot, Cimarex set shareholder meeting date on merger; Klaber’s Viewpoint: Pipeline issues not being addressed; Justice defends coal, gas industry appointees to revamped Public Energy Authority; NATIONAL: Natural gas futures fall to $3.86 as near-term cooldown trumps supply concerns; Oil ends lower Friday on demand concerns from delta variant spread; Offshore Technology Conference…
OTHER U.S. REGIONS: Dakota Access to seek Supreme Court review in oil pipeline fight; Largest LNG vessel ever to load at US terminal departs Cheniere’s Sabine Pass; NATIONAL: Biden’s first 100 days of oil and gas action: he’s just getting started; EIA: LNG exports remain flat, while natural gas prices rise; US land drillers see…
MARCELLUS/UTICA REGION: Natural gas is a cornerstone for climate, economic progress; DEP awards $250,000 to Moon Township Sheetz for 4 fast-charging plugs for electric cars; OTHER U.S. REGIONS: Amid Texas freeze, oil producers still shut; governor bans natural gas exports; A dangerous narrative emerges in the wake of Texas power blackouts; NATIONAL: Rep. Haaland’s Interior…
MARCELLUS/UTICA REGION: Oilfield Basics signs partnership agreement with PIOGA; Marcellus Utica Virtual Conference 2020 (video); ShalePro Energy Services profile; OTHER U.S. REGIONS: Tellurian’s Souki seeks new Asia gas deals after Petronet rebuff; NATIONAL: Pipeline Prosperity (video); The great American LNG comeback; In shadow of pandemic, pipeline companies eye efficiency until market stabilizes; Trump races clock…
We’ve had enough of activist leftist judges attempting to shut down the will of the people by using obscure legal loopholes as their justification–when the real reason for the action is to block President Trump and fossil fuels. A U.S. District Court judge appointed by Barack Hussein Obama, Judge James Boasberg (D.C. Circuit) has ordered…
We finally have a major court victory over the forces of anti-fossil fuel evil, so let’s sit back and soak in the warmth and sunshine of this moment. Yesterday the U.S. Supreme Court delivered a decision we expected, a decision that allows Dominion’s Atlantic Coast Pipeline (ACP), a 600-mile project from West Virginia through Virginia…
MARCELLUS/UTICA REGION: PA DEP Air Quality Advisory Committee takes no position on proposed carbon tax; OTHER U.S. REGIONS: Schlumberger plans to cut jobs in Houston; NATIONAL: U.S. drilling rig count lowest since 1975 as shale boom fades; Midstream companies are making deep cuts to capital spending; We disagree with you, so shut up – environmental…
OTHER U.S. REGIONS: FERC staff issues supplemental EIS for Magnolia LNG capacity project; NATIONAL: Cheniere hits 1000 LNG cargoes milestone; EIA forecasts U.S. crude oil production will keep growing through 2021, but more slowly; Shale production is on DUC life support and will need it going forward; As gas prices crash, will this shale giant…
MARCELLUS/UTICA REGION: Garth Everett isn’t running after finishing out 7th term; ODNR issues 2 permits for Utica Shale drilling; OTHER U.S. REGIONS: Summit Midstream Partners relocating corporate headquarters to downtown Houston, Texas; The 2020 outlook for Permian oil and gas markets; NATIONAL: Energy commodity prices rose more than other goods in 2019; Hard as it…