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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Sometimes, the only place you can find important news is from your opponents. Example: The radicals of Food & Water Watch (far-left “environmental” organization) ran an op-ed appearing on NorthJersey.com that is the equivalent of a printed temper tantrum decrying the news that a compressor station project they thought they had stopped is, in fact, now up and running. The compressor in West Milford, NJ, is part of Kinder Morgan’s Tennessee Gas Pipeline (TGP) East 300 expansion project, an upgrade of TGP to deliver an extra 115 MMcf/d of natural gas to Consolidated Edison and its customers in New York City and surrounding suburbs. East 300 is a FERC-approved project (see 
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.
On November 16, the Federal Energy Regulatory Commission (FERC) agreed to Dominion Energy subsidiary Virginia Electric and Power Company’s petition requesting that FERC declare Dominion’s planned LNG production, storage, and regasification facility in Greensville County, VA, would be exempt from FERC jurisdiction under section 7 of the Natural Gas Act (NGA). The project includes a 25-million-gallon LNG storage tank, 15 million cubic feet per day (MMcf/d) of liquefaction capacity, 500 MMcf/d regasification capacity, pretreatment facilities, and associated station yard piping.
Some exciting news to share. Earlier this month, midstream giant Williams gave a green light to proceed with a new Transco pipeline expansion project called the Southeast Supply Enhancement. The project will flow an extra 1.4 Bcf/d (billion cubic feet per day) of Marcellus/Utica molecules southward along the Transco pipeline system, to deliver those molecules to states in the southern U.S. Mountain Valley Pipeline (MVP) will flow an extra 2 Bcf/d of M-U molecules to southern Virginia. Williams’ Southeast Supply Enhancement promises to flow some of those molecules further south (and southwest). This is a major new pipeline initiative that snuck up on us.
Dominion Energy, a huge utility company headquartered in Richmond, Virginia, recently revived a plan to build four small “peaker” electric generating plants in Chesterfield County, VA, a Richmond suburb (see 
An undetermined amount of fracking wastewater spilled at the Eureka Resources wastewater recycling facility in Williamsport (Lycoming County), PA, at about 9:10 a.m. yesterday. The incident prompted a response by city firefighters and police. The water came from a valve on a tank inside the facility, where oil, chemicals and other substances are removed from fracking wastewater. Contrary to initial reports, nobody (no employees nor first responders) was injured or became ill from the spill.
In July, MDN compared the Pennsylvania Dept. of Environmental Protection to an organized crime mob with its ongoing shakedowns in assessing “fines” on the Mariner East pipeline project (see 
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 
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 week, Summit issued its third quarter 2023 update. We previously reported on an early release of Summit’s 3Q operational update, which revealed the company is considering selling part or all of the company (see 
Dominion Energy plans to build a liquified natural gas (LNG) storage facility in Person County, North Carolina, to enhance natural gas service reliability for residential and business customers in the growing region. Dominion studied several potential sites and collected a boatload of data during the site selection process, including but not limited to construction feasibility, minimizing landowner impacts, connection to Dominion’s existing natural gas system, and avoiding environmentally sensitive areas. Ultimately, Dominion selected a site in the southeast corner of Person County. Mainstream media is doing its best to scare local residents, hoping to block the project.
National Fuel Gas Company (NFG), headquartered in Buffalo, NY, is the parent company for Marcellus/Utica driller Seneca Resources and the parent of midstream company National Fuel Midstream (formerly Empire Pipeline). Last week, NFG issued its latest quarterly update. NFG operates on a weird fiscal year system. This latest update is for the company’s fourth quarter (and full year), which would be everybody else’s third quarter update. During the company’s fourth quarter, Seneca produced 93.8 Bcfe, an increase of 5.9 Bcfe, or 7%, from the prior year, despite the impact of approximately 2 Bcfe of price-related curtailments due to low in-basin pricing. The big news (for us) coming from the update was the announcement of a new pipeline project to flow more Seneca production to more markets, a project called the Tioga Pathway Project.