Range Announces Multiple Agreements to Sell Natgas & Ethane
A big, important announcement from Range Resources yesterday to go along with the big, important news that ETP will build a new Marcellus/Utica pipeline (see today’s lead story). Range confirmed ETP’s announcement yesterday that they (Range) will be a customer for the new Rover Pipeline that crosses Ohio and will eventually connect to Canada. In fact, Range says they are the “foundation” shipper on that new pipeline, which is due to be in service October 2017. Range will ship 400,000 million Btus (or 388 million cubic feet) per day on the Rover Pipeline–for 20 years. In addition, Range also announced agreements to sell their Marcellus gas for export via the Cheniere LNG export facility in Sabine Pass and via a second unnamed LNG facility. And the really big news (for MDN)–Range has signed up to become the second source of ethane for the Odebrecht WV cracker plant. They also plan to sell ethane to the Sasol cracker plant planned in Lake Charles, LA…
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Range Resources built an open-air frack wastewater and brine impoundment in Amwell Township (Washington County), PA in 2009–the Jon Day Impoundment. At the time, they installed a monitoring system under the impoundment to alert them (and the PA Dept. of Environmental Protection) in case the impoundment–essentially a big pond with a rubber liner–sprung a leak. The monitoring system included 4-inch perforated pipes under the impoundment located inside trenches of gravel. The theory was/is if anything leaks, it will hit one of those pipes and come out the end. According to the DEP the monitoring system was “over and above” DEP requirements at the time. Unfortunately, the monitoring system somewhere along the way failed and the impoundment sprung a leak and now we have some 15,000 tons of “contaminated” soil which has nearly all been removed from the site…
Seems that the Developing Unconventional Gas (DUG) East Conference, hosted by Hart Energy this week in Pittsburgh, is generating a lot of news. Unfortunately MDN could not attend DUG East this year. We have, however, done a roundup of interesting and important news from speakers at DUG, including news from CONSOL Energy, Range Resources, the Energy Information Administration (EIA) and the Federal Energy Regulatory Commission (FERC)…
