Cabot Cuts Deal to Supply PA’s Largest NatGas-Fired Electric Plant
The pieces of a very complicated puzzle continue to fall into place to build what will be Pennsylvania’s largest natural gas-fired electric generating power plant in Lackawanna County, PA–near Scranton. Invenergy plans to build the Lackawanna Energy Center, a 1,480 megawatt plant in Jessup, PA that will cost “well over $1 billion” according to an exclusive MDN source working on the project (not $500 million as we previously estimated). The PA Dept. of Environmental Protection (DEP) approved the plant last December (see PA DEP Approves Jessup, PA Marcellus Gas Electric Plant). The locals in Jessup approved the project in March of this year (see Jessup Borough Final Approval for PA’s Largest NatGas Power Plant). The plant will use up to 240,000 dekatherms (or 240 million cubic feet) of natural gas per day. We’ve reported on two different companies that building pipelines to the plant to supply it–UGI and Kinder Morgan’s Tennessee Gas Pipeline (see UGI to Feed Jessup, PA Electric Plant with Marcellus Shale Gas and NEPA Pipeline for Power Plant Gets Positive FERC Assessment). One of the final pieces is, who will provide the natural gas that flows through those pipelines and powers the plant? We now have the answer. Cabot Oil & Gas yesterday announced a 10-year deal to provide Marcellus Shale gas from Susquehanna County to power the plant…
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Earlier this month MDN shared with you the news that Munroe Falls (Summit County), OH had filed yet another frivolous lawsuit against Beck Energy to prevent drilling–after already losing a similar case before the Ohio Supreme Court (see 
Last week MDN reported that Southwestern Energy, a major Marcellus/Utica driller, was floating up to 86 million shares of new stock looking to raise $1.1 billion (see 
Seems this is the week to report on stock offerings. Last week Eclipse Resources, like Southwestern Energy, announced a new stock offering. And like Southwestern (see today’s companion story), Eclipse completed the offering yesterday. Eclipse, a pure play driller focused on the Marcellus/Utica, had planned to sell up to 43 million shares hoping to raise $131 million (see 
Rex Energy, now a pure play driller focused on the Marcellus/Utica (see 
In April MDN told you about Chesapeake Energy’s deal with bankers to reaffirm their $4 billion line of credit (see 
Statoil, based in Norway, is a big player in the West Virginia Marcellus Shale. Statoil paid property taxes to Marshall County, WV in 2015 and later found, during an audit/review, that they had overpaid the county by some $300,000. Ouch. So Statoil politely asked for their money back. Marshall County has said “nei.” The WV Tax Department argues that Statoil “acted negligently” and exercised “poor judgment” in not finding the mistake sooner. At least that’s how we read it. So Marshall and WV intend to keep the overpayment. Apparently Marshall isn’t the only county where Statoil says it overpaid on taxes. The company is also seeking refunds in Wetzel, Ohio and Brooke counties as well…
In May 2013 amidst much fanfare, Chevron purchased 61 acres to build a new regional Marcellus Shale headquarters in Moon Township, PA, a suburb of Pittsburgh (see 
A few days ago MDN told you how proud we are of the Marcellus/Utica industry for stepping up the plate and donating money (and time) to assist flood victims in West Virginia (see 
MDN previously chronicled an insidious effort being spearheaded by the odious New York State Attorney General Eric Schneiderman in an attempt to criminalize free speech by accusing Exxon Mobil of “knowing” man-made global warming is “true” but suppressing that knowledge (see 
Are we seeing the beginning of a trend? Yesterday MDN told you that after saying they would only drill a single Marcellus well and were curtailing production in the northeast, Eclipse Resources had turned that around and decided to drill 10-12 new wells, complete 24 wells and open up the spigots to shut-in wells once again (see 
Can a single petrochemical facility, like Shell’s proposed ethane cracker plant in Beaver County, “rebirth” all of Pennsylvania’s moribund manufacturing base? That would be a resounding “Yes!” according to Marcellus Shale Coalition president Dave Spigelmyer and Pennsylvania Manufacturers’ Association president Dave Taylor. Writing a column in the Harrisburg Patriot-News, the two Daves make the case for just how big a hairy deal the coming Shell cracker in PA really is…
There was lots of cracker talk at the first Northeast U.S. & Canada Petrochemical Construction Conference & Exhibition in Pittsburgh yesterday. According to NGI’s ace reporter for Shale Daily, Jamison Cocklin, excitement over the Shell cracker announcement from a few weeks ago was “palpable” at yesterday’s event. There was plenty of talk about the Shell cracker–but the talk coming from the event that interests MDN is talk about both the PTT Global Chemical cracker planned for Ohio, AND the Braskem cracker planned for West Virginia. These other two world class cracker plants (similar in size and scope to Shell’s project) “remain on track.” Now that is news!…