Utility Companies EQT is Supplying 1.2 Bcf/d of Gas Revealed
During EQT Corporation’s third quarter 2023 update and conference call (held in October 2023), the company announced “two of the largest, long-term physical supply deals ever executed” for 1.2 billion cubic feet per day (Bcf/d) of EQT’s molecules. Those molecules will flow on the Mountain Valley Pipeline (MVP) beginning in 2027 (see EQT Sets New World Drilling Record; Deals to Sell 1.2 Bcf/d via MVP). Financial terms of the deals and the identities of the two companies receiving those molecules were not disclosed. However, EQT CEO Toby Rice said the deals were with two utility companies. This week, Argus Media published the identity of the two utility companies… Read More “Utility Companies EQT is Supplying 1.2 Bcf/d of Gas Revealed”
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. 
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. 
The Iroquois Gas Transmission’s Enhancement by Compression (ExC) project will increase horsepower at three compression stations — two in New York and one in Connecticut — by an extra 125 MMcf/d, to flow more Marcellus/Utica gas into New York City and New England. The two NY compressor expansions include one in Dover and one in Athens. The CT compressor expansion is located in Brookfield. Another CT compressor will get minor upgrades (gas cooling, no extra compression) in Milford. The NY DEC approved the permits for the NY compressors with the condition that Iroquois pays a $1.5 million 
In early April, MDN brought you the exciting news that pipeline giant Williams, via its subsidiary, Will-Power, is planning to build two Utica/Marcellus gas-fired power plants in the New Albany International Business Park in Licking County, Ohio (see 
In April, Duke Energy, owner of electricity utility companies serving 8.6 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio, and Kentucky, sealed a deal with GE Vernova to buy up to 11 gas turbines to power new gas-fired power plants (see 
Last week, for the sixth week in a row, the Baker Hughes U.S. rig count dropped, down another four rigs to its lowest level since November 2021. It was the first time since September 2023 that the count has fallen for six (or more) weeks in a row. Free fallin’. However, the Marcellus/Utica count remained the same, at a combined 36 active rigs. The Pennsylvania Marcellus operated 18 rigs. The Ohio Utica operated 11 rigs. And West Virginia operated seven rigs. 
Two conventional oil producers in Southeast Ohio say dozens of their wells have been flooded with industrial waste (brine) from the fracking industry. They claim that nearby injection wells that handle frack waste/brine are leaking. State regulators agree that injection wells, at least at some locations, are leaking. Not only have these leaks (if true) affected oil wells, but there’s a concern they may be contaminating area water wells. 
Two days ago, RBN Energy reported that ethane and butane exports for Enterprise Products Partners and possibly other NGL exporters were in doubt following a notice received by Enterprise from the U.S. Bureau of Industry and Security (BIS) flagging such exports to China as a security risk (see 
RBN Energy is reporting that ethane and butane exports for Enterprise Products Partners and possibly other NGL exporters are in doubt following a notice received from the U.S. Bureau of Industry and Security (BIS) flagging such exports to China as a security risk. Specifically, ethane and butane exports pose an “unacceptable risk of use in or diversion to a military end use.” RBN’s blunt assessment is this: “The BIS decision has the potential to ruin the U.S. ethane market and disrupt global flows.” 
President Trump’s version of his conversations with New York Governor Kathy Hochul was correct: She caved. Yesterday, pipeline giant Williams filed a 246-page request (below) with the Federal Energy Regulatory Commission (FERC) to expedite the reissuance of a certificate for the Northeast Supply Enhancement (NESE) project, a billion-dollar-plus project designed to increase Transco pipeline capacity and flows of Marcellus gas heading into New York City and other northeastern markets. NESE is one of two projects, along with the Constitution Pipeline, on which Hochul “caved” in a deal with Trump (see 
The effort by the Trump administration to build both the Constitution Pipeline and the Northeast Supply Enhancement (NESE) Project continues to pick up steam. Just yesterday, we told you that there was a public disagreement between the White House and New York Gov. Kathy Hochul regarding whether she agreed to a quid pro quo deal to allow the two pipelines in return for restarting an offshore windmill project (see 
Rover Pipeline, a 713-mile natural gas pipeline, was designed to carry up to 3.25 billion cubic feet per day (Bcf/d) of Marcellus and Utica gas from Pennsylvania, West Virginia, and Ohio to destinations in Ohio, Michigan, West Virginia, and Canada. The project was completed and came online in late 2018 (see