Williams Plans to Boost Transco South of MVP by 800 MMcf/d
Williams, one of the largest pipeline companies in the world, issued its second quarter update yesterday. The company reported 2Q23 net income of $515 million, up 5% from 2Q22. The company had record high gathering volumes of 18.03 Bcf/d. The company provided updates for two important Marcellus/Utica projects. (1) Williams continues constructing the Regional Energy Access (REA) project with partial in-service expected in 4Q23. REA beefs up the Transco pipeline in Pennsylvania and New Jersey to deliver an extra 829 MMcf/d of Marcellus gas to PA, NJ, and Maryland. (2) Williams received a FERC certificate for its Southside Reliability Enhancement Project, a project to beef up capacity along the Transco to flow an extra 423 MMcf/d of M-U gas to Piedmont Natural Gas and its customers in eastern North Carolina. But a third M-U project was mentioned not previously on our radar screen.
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Energy Transfer (ET) is one of the country’s largest midstream (pipeline) companies. ET is the builder and operator of important pipelines in the Marcellus/Utica region, including Rover, natgas pipeline through Ohio delivering M-U molecules to the Midwest, Canada, and beyond, and the Mariner East pipelines that deliver NGLs from Eastern Ohio and PA to the Marcus Hook refinery in the Philadelphia area. ET’s operations extend throughout the country. NGLs are an important part of the picture for ET, as was mentioned during the company’s second quarter update yesterday.
Equitrans Midstream issued its second quarter update yesterday, and WOW, what an update! The company had lots to talk about following the high drama surrounding its Mountain Valley Pipeline (MVP) project over the past couple of months. Equitrans CEO Tom Karam said following the U.S. Supreme Court’s intervention, construction has now resumed on MVP and will likely take 4-5 months to finish up the 94% completed project. He expects MVP, barring any severe weather issues that might slow construction, will be online and flowing 2 Bcf/d of Marcellus/Utica molecules by the end of this year. Hallelujah!
In February 2022, Equitrans Midstream announced it had filed a new pipeline expansion project with the Federal Energy Regulatory Commission (see 
DT Midstream (DTM), headquartered in Detroit, owns major assets in the Marcellus/Utica region and other regions. DTM issued its second quarter 2023 update yesterday. The company announced it had reached a final investment decision (FID) to build a new greenfield gathering system in the Ohio Utica Shale. The gathering system will transport associated gas from new wells being drilled in the rich window of the Utica.
In late 2015, MPLX (i.e., Marathon Petroleum) bought out and merged in the Utica Shale’s premier midstream company, MarkWest Energy, for $15 billion (see 
In an act of Supreme justice, the Chief Justice of the U.S. Supreme Court, John Roberts, issued an order yesterday overturning the stays imposed by the U.S. Court of Appeals for the Fourth Circuit (4th Circuit) that were blocking the completion of the 94% done Mountain Valley Pipeline (MVP). Let the bulldozers start their engines! We expect work to resume immediately (today) to finish this critical link from the Marcellus/Utica to the Southeastern U.S. The best part is that the decision was announced as the three radicalized leftist judges of the 4th Circuit were hearing arguments that a portion of the Fiscal Responsibility Act (FRA) of 2023 forcing the completion of MVP is unconstitutional. Roberts’ order effectively shut down any further shenanigans by these three clowns.
TC Energy, formerly TransCanada Corporation, has been in the news all week. Tuesday morning, a portion of the Columbia Gas Transmission pipeline (owned by TC Energy) in rural western Virginia exploded and caught fire (see 
The problem with the pay-for-protection scam is that it never stops. A mobster comes calling on a business, and for a “small” and regular fee, the mobster will guarantee nothing “happens” to the business. “Just think of it as insurance.” It’s a shakedown–a scam. And over the years, the price keeps going up. What if the mobster is a government agency, like the Pennsylvania Dept. of Environmental Protection (DEP)? The DEP keeps shaking down Energy Transfer and its Sunoco Pipeline subsidiary over the construction and operation of the Mariner East 2 (ME2) pipeline. Over the years, the DEP has fined ET/Sunoco over $30 MILLION for so-called penalties related to building ME2. [
Columbia Gas Transmission pipeline is in the news–all over the place. Yesterday we told you about TC Energy’s plan to sell a 40% stake in the Columbia Pipeline (owned by TC) to Global Infrastructure Partners for $3.9 billion (see 
TransCanada Corporation, which renamed itself TC Energy in 2019, bought out/merged in U.S.-based Columbia Pipeline Group (now Columbia Gas Transmission) in 2016 (see 