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DT Midstream Signs Deal to Provide Gas to Massive WV Power Plant

You know we delight in connecting the dots that others often miss. We spotted big news in the quarterly update for DT Midstream (DTM), headquartered in Detroit, which owns major assets in the Marcellus/Utica region and other regions like the Haynesville. Earlier this year the company closed on the purchase of three pipeline systems, two of which flow Marcellus/Utica molecules (see DT Midstream Closes on 2 Interstate Pipelines with M-U Connections). Reading through a transcript of the quarterly conference call with analysts, MDN spotted what we consider big news (ignored by the media). DTM has two new deals to provide natural gas (Marcellus/Utica gas) via its pipelines to gas-fired power plants—one of which is a massive project in West Virginia. Read More “DT Midstream Signs Deal to Provide Gas to Massive WV Power Plant”

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DT Midstream Closes on 2 Interstate Pipelines with M-U Connections

DT Midstream (DTM), headquartered in Detroit, owns major assets in the Marcellus/Utica region and in other regions, such as Haynesville. In November, DTM announced it had cut a deal to buy three FERC-regulated interstate pipelines from Oklahoma-based ONEOK, Inc. for $1.2 billion (see DT Midstream Buys 2 Interstate Pipelines with M-U Connections). Two of the three pipelines flow Marcellus/Utica molecules to Midwestern markets. Good news: The deal is now done and the pipelines belong to DTM. Read More “DT Midstream Closes on 2 Interstate Pipelines with M-U Connections”

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DT Midstream Buys 2 Interstate Pipelines with M-U Connections

DT Midstream (DTM), headquartered in Detroit, owns major assets in the Marcellus/Utica region and in other regions, such as Haynesville. Yesterday, DTM announced it had cut a deal to buy three FERC-regulated interstate pipelines from Oklahoma-based ONEOK, Inc. for $1.2 billion. Two of the three pipelines flow Marcellus/Utica molecules to Midwestern markets. Read More “DT Midstream Buys 2 Interstate Pipelines with M-U Connections”

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DT Midstream Expanding Marcellus Gathering Pipe Connection to MVP

DT Midstream (DTM), headquartered in Detroit, owns major assets in the Marcellus/Utica region and other regions like the Haynesville. DTM issued its third quarter 2024 update last week. Of high interest to us was the announcement that DTM is upsizing a previously announced project to connect its Stonewall Gathering System to Equitrans Midstream’s (now EQT) Mountain Valley Pipeline in West Virginia, giving DTM customers the ability to reach Mid-Atlantic markets with their molecules. Read More “DT Midstream Expanding Marcellus Gathering Pipe Connection to MVP”

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DT Midstream in Talks to Expand Appalachian Gathering System

DT Midstream (DTM), headquartered in Detroit, owns major assets in the Marcellus/Utica region and other regions like the Haynesville. DTM issued its second quarter 2024 update yesterday. Of keen interest to us was any talk of the company’s Phase III expansion to the Appalachian Gathering System and an expansion in the Tioga County gathering system. To understand the comments coming from yesterday’s update, we need to go back to the first quarter 2024 update…
Read More “DT Midstream in Talks to Expand Appalachian Gathering System”

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DT Midstream 4Q – M-U Pipeline Operations Expand, Looking for M&A

DT Midstream (DTM), headquartered in Detroit, owns major assets in the Marcellus/Utica region and other regions like the Haynesville. DTM issued its fourth quarter 2023 update last Friday. The Marcellus/Utica region (which they call Northeast in the report) received several prominent mentions during a conference call with analysts. Also of note were comments by DT CEO David Slater, who said he’s positioning the company to take advantage of “bolt-on” opportunities in the regions where they operate. Meaning he’s on the lookout for mergers and acquisitions.
Read More “DT Midstream 4Q – M-U Pipeline Operations Expand, Looking for M&A”

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DT Midstream 3Q: Ohio Utica Sys Almost Done, NEXUS Adds 50 MMcf/d

DT Midstream (DTM), headquartered in Detroit, owns major assets in the Marcellus/Utica region and other regions (like the Haynesville). DTM issued its third quarter 2023 update yesterday. Items related to the M-U of note is that construction of the Ohio Utica System, a new greenfield gathering system in the Ohio Utica for EOG Resources, is progressing ahead of schedule with an expected in-service date of 1Q24. DTM also announced the NEXUS Pipeline added approximately 50 MMcf/d of additional leased capacity in 3Q.
Read More “DT Midstream 3Q: Ohio Utica Sys Almost Done, NEXUS Adds 50 MMcf/d”

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EOG Essentially Confirms DT Midstream Building Its Utica Pipeline

In 2020, EOG Resources, one of the largest oil and gas drillers in the U.S. (with international operations in Trinidad and China), sold *all* of its Marcellus assets, which were located in Bradford County, PA, to Tilden Resources for $130 million (see EOG Resources Sells Marcellus Assets for $130M, Exits Basin). EOG left the M-U building, so to speak. But the company couldn’t stay away. Last November, we told you that EOG admitted to stealthily amassing 395,000 net acres in the Ohio Utica for very little money (see EOG Resources Accumulates 395K Acres in Ohio Utica for Under $500M/). EOG calls its new position the “Ohio Utica combo play,” and it concentrates on oil drilling in the Utica. What did EOG say about its Utica program in the company’s second quarter 2023 update?
Read More “EOG Essentially Confirms DT Midstream Building Its Utica Pipeline”

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DT Midstream Makes FID on New Greenfield Pipeline in Ohio Utica

DT Midstream (DTM), headquartered in Detroit, owns major assets in the Marcellus/Utica region and other regions. DTM issued its second quarter 2023 update yesterday. The company announced it had reached a final investment decision (FID) to build a new greenfield gathering system in the Ohio Utica Shale. The gathering system will transport associated gas from new wells being drilled in the rich window of the Utica.
Read More “DT Midstream Makes FID on New Greenfield Pipeline in Ohio Utica”

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DT Midstream Update: Millennium, NEXUS, Marcellus/Utica Gathering

DT Midstream (DTM), headquartered in Detroit, owns major assets in the Marcellus/Utica region as well as other regions. DTM issued its fourth quarter and full 2022 update yesterday. Among major interstate pipelines that serve the M-U region, DTM is a 50% owner (along with Enbridge) in the NEXUS Pipeline, a 256-mile, 36-inch gas transmission pipeline that flows 1.5 Bcf/d of Utica gas from eastern Ohio to pipeline system interconnects in southeastern Michigan (and from there all the way to the Dawn Hub in Ontario, Canada). In 2022, DTM became the majority owner of the Millennium Pipeline, which stretches 263 miles from Corning, NY, to just outside New York City, delivering Pennsylvania Marcellus and Utica gas to utility and power plant markets across New York State and into New England.
Read More “DT Midstream Update: Millennium, NEXUS, Marcellus/Utica Gathering”

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DT Midstream Becomes Majority Owner of Millennium Pipeline

The Millennium Pipeline, which stretches 263 miles from Corning, NY, to just outside New York City, delivers Pennsylvania Marcellus and Utica gas to utility and power plant markets across New York State and into New England. Several companies jointly own the pipeline, which operates under its own corporate structure. Among those with an ownership interest are TC Energy (formerly TransCanada), utility giant National Grid, and pipeline company DT Midstream. Last week DT Midstream announced it would double its ownership stake in the Millennium from 26.25% to 52.50%. DT will pay $552 million to become the majority owner of the Millennium Pipeline.
Read More “DT Midstream Becomes Majority Owner of Millennium Pipeline”

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DT Midstream Open Season to Expand Shipping on NEXUS Pipeline

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Last summer DTE Energy spun off its pipeline assets into a new/separate company called DT Midstream (see DT Midstream Plans to Expand Organically, Decarbonize). The new pipeline company owns some key Marcellus/Utica assets, including several gathering systems and a 50% stake in the mighty NEXUS interstate gas pipeline. On Friday DT Midstream issued its quarterly update, which includes mention of something not previously on our radar screen: DT is (or did) conduct an open season to expand flows along the NEXUS pipeline.
Read More “DT Midstream Open Season to Expand Shipping on NEXUS Pipeline”

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DT Midstream Plans to Expand Organically, Decarbonize

Last week MDN told you that Detroit-based utility company DTE Energy was about to spin off its pipeline assets into a new/separate company called DT Midstream (see DTE Energy Spinning Off Pipeline Business into New Company). The deed is already done. DT Midstream completed its separation from DTE Energy on July 1. The new pipeline company owns some key Marcellus/Utica assets, including several gathering systems and a 50% stake in the mighty NEXUS interstate gas pipeline. What are DT Midstream’s plans going forward?
Read More “DT Midstream Plans to Expand Organically, Decarbonize”