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MVP Played “Critical Role” in Keeping the Lights on Last Winter

The Federal Energy Regulatory Commission (FERC), the North American Electric Reliability Corporation (NERC), and its Regional Entities recently issued a report reviewing how the country’s Bulk-Power System performed well during successive cold weather events in January 2025. The report found that the system was a stellar performer, with no significant issues in either the natural gas or electric systems. The 303-mile Mountain Valley Pipeline (MVP) was called out for its “crucial role” in helping to keep the lights on throughout the Atlantic Coast region during the coldest parts of winter. Read More “MVP Played “Critical Role” in Keeping the Lights on Last Winter”

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DC Appeals Court Upholds FERC Extra Time to Build MVP Southgate

The MVP (Mountain Valley Pipeline) Southgate project won a major decision in the U.S. Court of Appeals for the District of Columbia (DC Circuit), affirming a decision made by the Federal Energy Regulatory Commission (FERC) to allow an extra three years to build the project. Southgate is an extension of MVP from its current termination point in Pittsylvania County, Virginia, into Rockingham County, North Carolina. Coincidentally (or not), a day before the DC Circuit’s decision clearing the way for the project, MVP filed a request with the NC Department of Environmental Quality for a permit to build the project in that state. Read More “DC Appeals Court Upholds FERC Extra Time to Build MVP Southgate”

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MVP Case Against Radicalized Protesters Advances in Federal Court

On Monday, the U.S. District Court for the Western District of Virginia (Roanoke Division) ruled in two of five cases before it in which Mountain Valley Pipeline (MVP), which is now majority-owned by EQT Corporation, sued radical protesters who blocked the construction of the pipeline in Roanoke County, Virginia. The court dismissed one count in the two cases (count #4) against the protesters, which the media focused on. The media doesn’t want to talk about the fact that there are five other counts, far more serious than the dismissed count, that the court is allowing to advance. These protesters are in a world of legal hurt over their illegal blocking of MVP construction. Read More “MVP Case Against Radicalized Protesters Advances in Federal Court”

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Report: M-U has Lowest Methane Emission Intensity of Any O&G Basin

The Appalachian Methane Initiative (AMI) is a coalition of leading U.S. natural gas companies in the Marcellus/Utica, including Ascent Resources, CNX Resources, EQT Corporation, Equitrans Midstream Corporation (now part of EQT), Expand Energy Corporation, MPLX, and Seneca Resources. AMI uses independent monitoring providers, technical consultants, and top-tier universities to monitor and track methane emissions in the M-U. Yesterday the group released the findings of its 2024 basin-wide methane monitoring program. The report confirms that the Appalachian Basin (the M-U) has the lowest methane emissions intensity of any major oil and gas producing basin in the United States. Read More “Report: M-U has Lowest Methane Emission Intensity of Any O&G Basin”

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MVP Asks FERC to Amend Original Southgate Cert – Shorter & Bigger

In 2018, Equitrans Midstream, the builder of the 303-mile Mountain Valley Pipeline (MVP), proposed to extend MVP by an extra 75 miles from the current terminus in Pittsylvania County, VA, to Alamance County, NC, to provide natural gas for heating and electric generation. The 75-mile extension is called MVP Southgate. In December 2023, MVP changed the Southgate plan by cutting the distance by more than half and bumping up the size (diameter) of the pipeline (see Equitrans Slices MVP Southgate Pipe Project From 75 to 31 Miles). MVP had intended to push forward with building under the previously issued FERC Southgate certificate. MVP (now owned by EQT) filed a request with FERC on Monday to amend the original approval. Read More “MVP Asks FERC to Amend Original Southgate Cert – Shorter & Bigger”

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MVP Flows Full 2 Bcf/d for First Time Since Starting Last June

On June 14, 2024, the 303-mile Mountain Valley Pipeline (MVP) that runs from Wetzel County, WV, to Pittsylvania County, VA, announced the pipeline had, after a decade of planning and building, finally begun to flow Marcellus/Utica molecules (see Confirmed: M-U Gas Now Flowing Through Mountain Valley Pipeline). The effect of the molecules flowing through MVP was profound and immediate, raising prices for M-U gas at the source and lowering the gas price at the destination (see MVP Lowers Gas Prices in Southeast, Raises Prices in Northeast). However, in the first month that the pipeline was online, it only flowed about half of its rated 2 Bcf/d capacity. Since then, other pipelines connecting to and taking gas from MVP have come online, gradually boosting flows on MVP. Here’s some exciting new news: Just this week, for the very first time, MVP flowed a full 2 Bcf/d (technically 1.96 Bcf/d) of yummy Marcellus/Utica gas. Read More “MVP Flows Full 2 Bcf/d for First Time Since Starting Last June”

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EQT Closes Midstream JV Deal with Blackstone for $3.5 Billion

A little over one month ago, we confirmed a rumor that we previously reported regarding EQT Corporation selling a minority stake in its newly-acquired midstream assets from Equitrans to investment firm Blackstone in return for $3.5 billion in cold, hard cash (see Reuters Was Right – Blackstone Paying EQT $3.5B for Pipeline Stake). The deal is now done as of Dec. 30. Read More “EQT Closes Midstream JV Deal with Blackstone for $3.5 Billion”

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Mountain Valley Pipeline’s Final Cost Pegged at Nearly $10 Billion

When EQT first announced it intended to build the Mountain Valley Pipeline (MVP), stretching from Wetzel County, WV, to Pittsylvania County, VA, the project came with an estimated price tag of $3.5 billion and an estimated completion date of 2018 (see Mountain Valley Pipeline Files FERC Appl, Now Just Matter of Time). By the time it finally began operating earlier this year (10 years later!), the estimated cost had risen to $7.85 billion (see Confirmed: M-U Gas Now Flowing Through Mountain Valley Pipeline). Except, that number was not the true final cost either. According to a recent filing with the Federal Energy Regulatory Commission (FERC), the final cost to build MVP was $9.67 billion. Read More “Mountain Valley Pipeline’s Final Cost Pegged at Nearly $10 Billion”

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Reuters Was Right – Blackstone Paying EQT $3.5B for Pipeline Stake

Just about one month ago, Reuters reported that sources “familiar with the matter” whispered to its reporters that private equity firm Blackstone is “in advanced talks” to acquire minority stakes in the interstate natural gas pipelines now owned by EQT Corp. (following its purchase of Equitrans Midstream) for a whopping $3.5 billion (see Blackstone Seeks to Buy Pipeline Stake from EQT for $3.5 Billion). The sources were right! This morning, EQT issued a press release to announce a deal for Blackstone to invest $3.5 billion in the company’s midstream (pipeline) assets. Read More “Reuters Was Right – Blackstone Paying EQT $3.5B for Pipeline Stake”

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Mountain Valley Pipe Dinged Small Fine by Va. for Erosion Violation

Antis did their best, but their best wasn’t good enough. Mountain Valley Pipeline (MVP) victoriously began to flow up to 2 Bcf/d of Marcellus/Utica molecules in June (see Confirmed: M-U Gas Now Flowing Through Mountain Valley Pipeline). Construction of the project, which crosses steep mountains, has not been without its challenges, chief among them erosion at some construction sites due to heavy rain. Of course, most of that erosion would not have happened if environmental groups had not sued, and had a colluding Fourth Circuit Court of Appeals not delayed completion of the project FOR YEARS. Shame on them for causing more environmental damage than building the pipeline on time would have caused. The Virginia Department of Environmental Quality (DEQ) recently dinged MVP with another small fine ($17,500) for erosion violations. Read More “Mountain Valley Pipe Dinged Small Fine by Va. for Erosion Violation”

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EQT 3Q Boosts Price by Turning the Taps On/Off on Daily Basis

EQT Corporation delivered its third quarter 2024 update yesterday. The big focus for EQT during 3Q was closing on the purchase and beginning the reintegration of its long-lost midstream division, called Equitrans Midstream (owner of the Mountain Valley Pipeline). CEO Toby Rice said, “All cylinders are firing,” and that 60% of the tasks needed for the integration have already been done. The company produced 581 Bcfe in 3Q, which is an average of 6.3 Bcfe per day—about a half Bcf less than the new Expand Energy. EQT is now in second place on the list of top natgas producers in the U.S. It wouldn’t take much for EQT to regain the top spot if it wanted to. Read More “EQT 3Q Boosts Price by Turning the Taps On/Off on Daily Basis”

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Blackstone Seeks to Buy Pipeline Stake from EQT for $3.5 Billion

Last Friday, Reuters reported that sources “familiar with the matter” whispered to its reporters that private equity firm Blackstone is “in advanced talks” to acquire minority stakes in the interstate natural gas pipelines now owned by EQT Corp. (following its purchase of Equitrans Midstream) for a whopping $3.5 billion. The deal would help EQT reduce the debt it accumulated from buying Equitrans. Read More “Blackstone Seeks to Buy Pipeline Stake from EQT for $3.5 Billion”

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EQT Laying Off 15% of Workforce Following Equitrans Acquisition

EQT Corporation is now the #2 largest natural gas driller in the U.S. following the merger of Chesapeake Energy with Southwestern Energy to form Expand Energy Corporation (see today’s lead story). EQT took the opportunity yesterday, while everyone was focused on the shiny new object (Expand Energy), to file a Form 8-K with the SEC announcing it is laying off 15% of its entire workforce. EQT says the layoffs are a result of too many workers following the merger with its former midstream division, Equitrans, in July (see Reunited: EQT Closes on Deal to Buy Equitrans Midstream for $5.4B). So, how many employees are getting canned? We have a guess. Read More “EQT Laying Off 15% of Workforce Following Equitrans Acquisition”

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With MVP Now Flowing, Roanoke Gas Looks to Add New Customers

On Friday, June 14, Equitrans Midstream, the builder and majority owner of the 303-mile Mountain Valley Pipeline (MVP) that runs from Wetzel County, WV, to Pittsylvania County, VA, announced the pipeline had, after a decade of planning and building, finally begun to flow Marcellus/Utica molecules (see Confirmed: M-U Gas Now Flowing Through Mountain Valley Pipeline). Who is buying the molecules flowing through MVP? We know of at least one company. In a separate announcement, Roanoke Gas Company (a large local utility) said it had begun to purchase M-U molecules from MVP on June 14. Roanoke Gas said for the first time since 1965, the Roanoke Valley now has access to a new interstate natural gas pipeline via two interconnections Roanoke Gas has with MVP. Roanoke Gas wants to expand its footprint and add new customers now that more gas supply is flowing via MVP. Read More “With MVP Now Flowing, Roanoke Gas Looks to Add New Customers”

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Wastewater Spill at EQT Well Pad in Greene County, PA

We spotted a report about an aboveground pipeline that flows shale wastewater that sprung a leak and released an estimated 12,600 gallons of brine (salty water from deep below the surface) on the ground in Gilmore Township, Greene County, PA. The pipeline is owned by EQM Gathering, another name for Equitrans Midstream, which is now owned by EQT. The leaking pipeline connects to the Trust Well Site owned by EQT. It sure sounds like a serious spill (12,600 gallons) with the potential to contaminate local water supplies—until you dig into the state Dept. of Environmental Protection’s (DEP) report on the incident. Read More “Wastewater Spill at EQT Well Pad in Greene County, PA”

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MVP Water Pressure Test Rupture Mystery Solved: Defective Weld

On May 1, a section of the 303-mile Mountain Valley Pipeline (MVP) ruptured during final pressure testing in Roanoke County, Virginia (see Section of MVP Ruptures Near Roanoke Under Water Pressure Test). An independent metallurgical test identified a defective weld in an elbow joint as a cause of the failure. No internal or external corrosion was detected on the section, which was installed in 2018.
Read More “MVP Water Pressure Test Rupture Mystery Solved: Defective Weld”