Equitrans Midstream, Builder of MVP, Considers Selling Itself
Although we should have expected this, the news that Equitrans Midstream, builder of the 303-mile Mountain Valley Pipeline (MVP) project, is looking at possibly selling itself comes as a gut punch. We suppose it hits us that way because we feel as though we’ve been in the trenches with Equitrans from the beginning, fighting to get MVP completed. Equitrans was birthed just five years ago. As the company closes in on finishing and launching MVP, and as its CEO (since it was founded) is about to retire at the end of the year (see Equitrans CEO Stepping Down with $7.5M Bonus for Finishing MVP), we suppose it’s an opportune time for the company to explore selling itself. That’s the rumor people either in the organization or close to it are whispering to Bloomberg. Loose lips sink ships.
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More progress to report on finishing the 94% completed (now likely closer to 97% completed) Mountain Valley Pipeline (MVP) project. MVP needs to cross under Interstate 81 in Montgomery County, VA, and it’s no small challenge to drill under the highway because it’s solid rock. On Oct. 13, MVP (being built by Equitrans Midstream) filed a request with the Federal Energy Regulatory Commission (FERC) to drill 24 hours a day, seven days a week, on the I-81 crossing. Last Tuesday, FERC approved it, although the approval comes with a few strings attached, like using special lights and monitoring noise levels.
In September, Mountain Valley Pipeline (MVP), which has been hassled and harassed endlessly by so-called “protesters” and foreign-backed Big Green groups, sued some 40 protesters and two Big Green groups for $4 million for their ongoing illegal activity to block the final bits of the 303-mile project (see
Equitrans Midstream issued its third quarter update yesterday. As you might expect, there was much talk about completing the nearly-done Mountain Valley Pipeline (MVP) project. Near the top of Equitrans’ 3Q official update is this comment from CEO Thomas Karam: “Once in-service, there is little doubt MVP will be one of the most valuable pipelines in the U.S., directly connecting our country’s largest and lowest-cost natural gas resource and the rapidly growing demand of the mid-Atlantic and southeast markets.” MVP remains on track to be completed and online in 1Q24. We learned a few new details about MVP from the update. However, MVP wasn’t the only hot topic during yesterday’s update. We have new info about the Rager Mountain Natural Gas Storage Field incident, Ohio Valley Connector Expansion Project, and MVP Southgate.
In 2018, a man in Clarksville (Green County), PA, turned on his gas stove, and it exploded, catching fire and leveling the entire house (see
Shrill antis have their answer from the U.S. Court of Appeals for the District of Columbia (D.C. Circuit) in a request to (once again) shut down construction on the Mountain Valley Pipeline (MVP): NO! A small group of uppity Virginia landowners don’t want MVP crossing their horse pastures, leaving a mark. So they conspired with Big Green lawyers in a lawsuit challenging the right of the Federal Energy Regulatory Commission (FERC) to use eminent domain to build pipelines across private land.
Last week, MDN brought you the news that the 303-mile Mountain Valley Pipeline (MVP) will not be completely done and online until sometime in the first quarter of 2024 (see
A long-running lawsuit filed by Big Green groups using (abusing) a small group of uppity Virginia landowners argues the Federal Energy Regulatory Commission (FERC) had no right to delegate authority to Mountain Valley Pipeline (MVP) to use eminent domain to cross land, including the land owned by the small group of uppity landowners in Virginia. Big Green and the uppity landowners filed an emergency request last Tuesday with the D.C. Circuit Court of Appeals, asking that the construction of MVP be stopped while the lawsuit continues to play out (see
Just two days ago, MDN brought you a post about the challenges faced by Equitrans Midstream in completing the 303-mile Mountain Valley Pipeline project this year (see
A long-running lawsuit filed by Big Green groups using (abusing) a small group of uppity Virginia landowners argues the Federal Energy Regulatory Commission (FERC) had no right to delegate authority to Mountain Valley Pipeline (MVP) to use eminent domain to cross land, including the land owned by the small group of uppity landowners in Virginia. Earlier this year, the U.S. Supreme Court made the mistake of keeping the lawsuit alive, remanding it to a lower court (see 
Since work resumed in midsummer, 92 stream crossings had been completed through Oct. 1 for the 303-mile Mountain Valley Pipeline (MVP) project, according to MVP spokeswoman Natalie Cox. About 330 crossings remain. Can the company realistically complete the rest of the work and get the pipeline operational by Dec. 31 (less than three months away)? That’s the multi-billion-dollar question. Some 4,200 construction workers are actively working on getting it done. It doesn’t help that highly organized “protests” are being inflicted on the project by Big Green-backed groups like Appalachians Against Pipeline.
Emily Satterwhite, who teaches Appalachian studies at Virginia Tech and has been engaged in illegal activities against the Mountain Valley Pipeline (MVP) going back more than five years (
Equitrans Midstream, the builder of the 303-mile Mountain Valley Pipeline (MVP) project, wants to extend the pipeline 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 extension is called MVP Southgate. In typical fashion, Democrats oppose it (see
The left thought it had won the Mountain Valley Pipeline (MVP) battle with three colluding (corrupt) and sympathetic judges from the U.S. Court of Appeals for the Fourth Circuit (4th Circuit). But then Congress, under the leadership of House Speaker Kevin McCarthy, passed the “debt ceiling” bill that forces the completion of MVP (see