National Rig Count Up Again: U.S. Adds 3 @ 589, M-U Even @ 37
The U.S. national oil and gas rig regained more of its lost ground last week by adding three more rigs back to active status. The national combined Baker Hughes oil and gas rig count now stands at 589 rigs. The Marcellus/Utica remained even last week. Pennsylvania continued to operate 21 rigs. Ohio operated 11 active rigs (after adding a rig two weeks ago). West Virginia remained the same with five active rigs. The M-U’s primary competitor, the Haynesville, remained static with 36 active rigs — one less than the M-U’s 37 rigs.
Read More “National Rig Count Up Again: U.S. Adds 3 @ 589, M-U Even @ 37”
Yesterday, EQT Corporation, the country’s largest natural gas producer, issued its second quarter 2024 update. We’re dedicating another post to chronicling other news coming from the update. This post is dedicated to the most significant news from the update: EQT has decided to keep the newly christened 2.0 Bcf/d Mountain Valley Pipeline (MVP) instead of selling it. Not only that, but EQT wants to expand the pipeline’s capacity from 2.0 to 2.5 Bcf/d as soon as possible.
In November 2018, under intense pressure from activist investors, EQT split itself into two companies: EQT Corporation and Equitrans Midstream (see 
This is BIG (and really great) news… Williams has asked the Federal Energy Regulatory Commission (FERC) for permission to bring the final pieces of the Regional Energy Access Expansion (REAE) project online by the end of this month. REAE expands the mighty Transco pipeline in Pennsylvania and New Jersey to deliver an extra 829 MMcf/d of Marcellus gas to PA, NJ, and Maryland. About 450,000 MMcf/d of the total capacity went online in late 2023 along Transco’s Leidy Line in Pennsylvania (see 
Kinder Morgan (KM), owner and operator of the mighty Tennessee Gas Pipeline along with many other pipeline systems, issued its second quarter update yesterday. It was clear from the materials and the comments made during the conference call that KM is high on natural gas. The company believes natgas has a rosy future, and KM is investing to expand pipelines to flow more natgas. On the call, company CEO Kim Dang said, “[W]e’re having commercial discussions on over 5 Bcf a day of opportunities related to power demand, and that includes the 1.6 of data center demand.” She went on to say the company believes the growth in natural gas production and use between now and 2030 will be “well in excess of the 20 Bcf a day.” Another 20 Bcf/d in the next five years!
In April, the Ohio Oil and Gas Commission upheld a regulatory order from the Ohio Dept. of Natural Resources (ODNR) suspending operations of three wastewater injection wells located in Torch (Athens County), OH, owned by K&H Partners, a subsidiary of Tallgrass Energy (see 
Williams’ Regional Energy Access Expansion (REAE) project involves expanding the mighty Transco pipeline in Pennsylvania and New Jersey to deliver an extra 829 MMcf/d of Marcellus gas to PA, NJ, and Maryland. Part of the project was completed and went online last year (see 
As we mentioned in a companion post today, the Williams Transco Regional Energy Access Expansion (REAE) project recently received permission from the Federal Energy Regulatory Commission (FERC) to begin operations for another segment of the REAE project, flowing an extra 130 MMcf/d of natural gas to Pennsylvania, New Jersey, and Maryland (see FERC OKs Request to Place More of Regional Energy Access Online). However, yesterday, Williams suffered a minor legal setback related to the REAE project.
Last week, MDN told you about some of the early impacts as a result of the 303-mile Mountain Valley Pipeline (MVP) that stretches from Wetzel County, WV, to Pittsylvania County, VA, coming online (see 
Texas Eastern Transmission Pipeline (TETCO) is a major natural gas pipeline originally built to flow gas from the Gulf of Mexico coast in Texas and Louisiana up through Mississippi, Arkansas, Tennessee, Missouri, Kentucky, Illinois, Indiana, Ohio, and Pennsylvania to deliver gas in the New York City area. Owned by Canadian-based Enbridge, TETCO is one of the largest pipeline systems in the United States. Years ago, large portions of TETCO were reversed to flow Marcellus/Utica gas southward along the pipeline. Here’s something we’re sure happens with big pipes like TETCO, but not something you read about often: TETCO is replacing a segment of its pipeline that runs through Fayette County, PA.
Dominion Energy plans to build four small “peaker” electric generating plants in Chesterfield County, VA, near Richmond (see 
On Friday, June 14, 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