Eureka Can Supply 25% of US Lithium Demand from Marc. Wastewater

Eureka Resources, which operates three frack wastewater treatment facilities in the Marcellus Shale, is doing really cool stuff. In October 2019 the company began extracting lithium from Marcellus wastewater at one of its plants in Bradford County, PA (see Marcellus Wastewater Plant in PA Extracts 1st Batch of Lithium). On Tuesday the company announced it has received its fourth patent for its lithium extraction process. The company also said its plants can theoretically supply up to 25% of the country’s annual lithium demand–solely with lithium recovered from Marcellus wastewater!
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Clown Judges from 4th Circuit Put Another Hold on MVP Permit

This has been going on for more than a year. Mountain Valley Pipeline, a 303-mile pipeline from West Virginia to southern Virginia, has not been able to finish a project that is now 92% in the ground and complete because of repeated lawsuits by the Sierra Club and colluding leftist Democrat judges on the U.S. Court of Appeals for the Fourth Circuit. The delays are costing MVP $20 million per month! Yesterday the clowns did it yet again. They blocked a Nationwide Permit 12 (NWP12) that was reissued by the Army Corps of Engineers after being reworked because of an earlier rejection by the same court. NWP12 would allow the pipeline to cross creeks and rivers and wetlands.
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UGI Energy Launches LNG Peak Shaver in Bethlehem, PA

Yesterday UGI Energy Services, a subsidiary of Pennsylvania utility company UGI Corporation, held a ribbon-cutting ceremony at its brand new Bethlehem, PA LNG peak shaver facility. Pennsylvania Public Utility Commission (PUC) Chairwoman Gladys Brown Dutrieuille was among the dignitaries on hand to celebrate. What is a “peak shaver” and why is this an important project for the PA Marcellus?
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Nuverra 3Q: Revenue Down 45%, M-U Rig Count Down 57%

Nuverra Environmental Solutions (formerly Heckmann) is one of the largest companies in the United States that handles transportation and disposal of shale drilling wastewater and leftover rock and dirt from drilling. The company has major operations in the Marcellus/Utica region. In August, the company reported less-than-rosy results for the second quarter, because of the coronavirus and producers slowing down their drilling programs  (see Nuverra 2Q20: COVID & Low O&G Prices “Likely” Thru Rest of Year). The trend continued for third quarter results, which the company issued yesterday.
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Summit Midstream 3Q – Legacy Marcellus Segment Star Performer

Summit Midstream Partners, formed in 2009 and headquartered in The Woodlands, Texas, operates natural gas, crude oil, and produced water gathering (pipeline) systems in several unconventional shale plays, including the Marcellus and Utica. Last Friday Summit issued its third-quarter 2020 update. Interestingly, the gas flowing through the company’s Marcellus and Utica operations increased (a lot), while volumes flowing through the company’s other operations decreased (a lot) in 3Q.
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OFS Company Weatherford Gets Third New CEO in 3 Years

In June, Weatherford International, the world’s fourth-largest oilfield services (OFS) company, announced that its CEO, Mark McCollum, had suddenly “left” the company (see Weatherford CEO Out Days Before Annual Meeting – 2nd Bankruptcy?). McCollum was previously the CFO of Halliburton, lured away in June 2017 to run Weatherford (see Halliburton Hires New CFO After Old CFO Left to Run Weatherford). McCollum was the second CEO over the past three years. We now have a third new CEO: Girish Saligram.
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Next Phase of Mariner East System Starting Up This Year

Energy Transfer (ET), builder of the Rover pipeline project and the Mariner East pipelines here in the M-U region (as well as many other projects across the country), issued its third-quarter update yesterday. The company lost $782 million in 3Q20 versus making a profit of $857 million in 3Q19. Some (most) of the loss was a paper loss. As part of the update, we learned that the “next phase” of the Mariner East project will be placed into service by the end of this year.
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Marcellus/Utica Helps Lift MPLX/MarkWest Profits in 3Q

MPLX assets (click for larger version)

Back in 2015, MarkWest Energy, one of the premier midstream companies in the Utica that built and operated numerous gas processing plants and pipeline systems, sold itself to Marathon Petroleum (see MarkWest Energy Investors/Unitholders Approve Merger with Marathon). The pipeline subsidiary of Marathon that includes MarkWest is called MPLX. On Monday MPLX released its third-quarter 2020 update showing the Marcellus/Utica region continues to lift the company economically.
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Sierra Club Files Another Lawsuit to Block MVP’s FWS Permit

The Sierra Club, backed with money from Russia (see Anti-American Sierra Club, NRDC Get Funding from Russia), has filed yet another lawsuit attempting to block construction of the final 8% of Mountain Valley Pipeline (MVP) by asking the courts to overturn the latest permit issued by the U.S. Fish and Wildlife Service (FWS).
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Summit Midstream 1-for-15 Reverse Stock Split Avoids NYSE Delisting

click for larger version

Summit Midstream Partners, formed in 2009 and headquartered in The Woodlands, Texas, operates natural gas, crude oil, and produced water gathering (pipeline) systems in six unconventional resource basins, including the Marcellus and Utica. The company concentrates its time and money on four “core focus areas” including the Utica, the Williston (i.e. Bakken), the DJ Basin, and the Permian. Last week the company’s board of directors approved a reserve stock split, trading (consolidating) 1 share for 15, beginning next Tuesday.
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Williams Record M-U Volumes, Early Startup for SET, Leidy South

During the Williams third-quarter 2020 update yesterday, CEO Alan Armstrong shared some very interesting, and relevant (to the Marcellus/Utica) comments. Armstrong said that two important pipeline projects to carry M-U gas to other markets, the Southeastern Trail expansion project and the Leidy South project, are both in the midst of coming online–ahead of schedule.
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Mountain Valley Pipe Date Delayed to 2H21, Cost Rises to $6B

Equitrans Midstream, the lead partner and builder of the 303-mile Mountain Valley Pipeline (MVP) project, announced yesterday it has (once again) pushed back the in-service date for the pipeline, from 1Q21 to the second half of 2021 (meaning by December), and pushed up the cost of the project, from $5.4 billion to as high as $6 billion. You can thank the jobs-and-economy-destroying Sierra Club for the delays and increase in cost.
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Fortress Truck/Rail Terminal on Dela. River to Export LPG in 2021

We’ve written plenty about a plan by New Fortress Energy to build an LNG liquefaction plant in Bradford County, PA (northeastern part of the state), and then haul the LNG from the plant via specially-outfitted trucks and rail cars to a transloading dock/port facility New Fortress plans to build at an old DuPont dynamite factory site in New Jersey, on the banks of the Delaware River. What we didn’t know, until now, is that the old DuPont site will also function as a transloading facility for LPG, or liquefied petroleum gas (i.e. propane).
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TGP Fined $800K in Massachusetts for Pipe Project Done Years Ago

Mass. AG Maura Healey

Corrupt Massachusetts Attorney General, Maura Healey, is forcing Tennessee Gas Pipeline (TGP) to pay the state $800,000 for alleged violations of environmental laws that happened three years ago while building a couple of miles of pipeline through a state forest. The “damage” was done in 2017. Does Healey have nothing better to do than review long-completed projects and gin up faux violations to shake down companies for big money? Does anyone else think that’s grossly corrupt? And, are there any companies left operating in Massachusetts with this kind of hostility toward business?
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Warren Buffett’s Berkshire Hathaway Now Runs Cove Point LNG!

In July, when Dominion Energy announced it had decided to exit the natural gas pipeline business by selling it to Warren Buffett and cancel the much-needed Atlantic Coast Pipeline project, the company said it would retain a 50% ownership in its Cove Point LNG export facility and sell a 25% interest to Buffett’s company (see Dominion Cancels Atlantic Coast Pipe, Sells Pipe Biz for $9.7B). Not mentioned in the original announcement was that Buffett’s company would take over the operation of the Cove Point facility…
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Weymouth, MA Drops Opposition to Compressor in Return for $38M

“It’s dangerous! It’s a killer! It will flow evil, nasty fracked gas! It’ll explode and kill everyone within a mile, and if it doesn’t explode, emissions from the plant will poison everyone around it anyway!” Those are the faux arguments used by radicals in Weymouth, Massachusetts to smear a compressor station built by Enbridge. All of those arguments have just magically disappeared. The price tag to make it happen? Enbridge will pay $10 million now, and $28 million later, for a grand total of $38 million.
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