EQT Downsizing Pittsburgh Office; Williams Keeping Big Office
It’s no secret that upstream companies (drillers) like EQT are trimming head count and reducing annual spending. So it probably won’t come as a surprise that EQT has put 46,000 square feet (out of 250,000 sq. ft.) in its palatial headquarters in downtown Pittsburgh up for sublease. Meanwhile, in a contrasting bit of news, midstream (pipeline) company Williams has just renewed the lease for its big regional Pittsburgh headquarters at Park Place Corporate Center–a 112,481 sq. ft. building.
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During the signing ceremony on Wednesday when President Trump signed two executive orders to make it harder for states to block new pipelines for political reasons, Trump revealed part of the motivation for the EOs when he said, “And also, in New York, they’re paying tremendous amounts of money more for energy to heat their homes because New York State blocked a permit to build the Constitution Pipeline.” So we ask the question, will Trump’s EO actually help get the Constitution built?
In addition to the Federal Energy Regulatory Commission (FERC) slapping down the New York DEC this week (see our lead story), on Wednesday the D.C. Circuit Court of Appeals slapped down both New York and North Carolina regulators who tried to block three important Williams pipeline projects, all related to the mighty Transco Pipeline.
The Cuomo-corrupted New York Dept. of Environmental Conservation (DEC) is spitting and sputtering, “warning” the Federal Energy Regulatory Commission that if they (FERC) decide to rule that NY took too long to approve the Williams Constitution Pipeline and now gives the project a go-ahead, the DEC intends to rain down all sorts of legal hell on the agency. Which tells us one thing: the DEC is VERY nervous that their power to block pipeline projects is about to be neutered.
Anti-fossil fuel radicals are making noises, threatening noises, about how they may react when and if (as seems likely) the Federal Energy Regulatory Commission (FERC) decides to overrule New York State and allow the Williams Constitution Pipeline to finally, after five years, get built.
An important project from Williams, the Northeast Supply Enhancement (NESE) which would beef up capacity along the Transco pipeline system going into New York City, is now under review in New Jersey. Part of the project must pass through NJ on its way to NY–and it’s time to
This stuff makes us angry. Just yesterday we told you about a contractor using the sleazy tactic of filing “mechanic’s liens” against landowners in western New York State because of a payment dispute with the company building a wind farm on their property (see
Andrew Cuomo, contrary to the picture he attempts to paint for gullible voters and the even more gullible mainstream news reporters, is a very weak “leader.” In what has become an identifiable pattern, when Cuomo is put under pressure by the fringe left environmental lobby, he folds to that pressure like a cheap suit. Totally gives in and accedes to whatever weird demands they make–like no new gas pipelines. Even when it economically hurts the state.
The Canadians are coming! The Canadians are coming! Actually, they’re already here. Last summer we brought you the bombshell news that Encino Acquisition Partners (EAP) had purchased all of Chesapeake Energy’s Ohio Utica assets (see
The Federal Energy Regulatory Commission (FERC) is conducting a series of four public meetings (called scoping sessions) for both the Williams Leidy South Project (see
A group of Pennsylvania landowners from Lancaster County are begging the U.S. Supreme Court to hear a case in which they say they’ve been screwed over by Atlantic Sunrise Pipeline.
Did Williams just float an alternative/competitive pipeline to PennEast? Sure looks that way to us. On Friday Williams announced a binding open season to add 34 miles of looping pipeline next to existing Transco pipeline along with beefing up some of it’s compressor stations, in a bid to increase flows along the Transco from Luzerne County, PA (where PennEast would originate) to Mercer County, NJ (where PennEast would terminate).
Williams is in the fight of its life to get New York State to approve its Northeast Supply Enhancement (NESE) project (see
Williams recently issued its 2018 and 4Q18 update. High on the list of kudos handed out by CEO Alan Armstrong was the Atlantic Sunrise Project, a $3 billion expansion of the Transco Pipeline in 10 northeastern Pennsylvania counties to carry Marcellus gas south, and Williams’ northeast gathering and processing (G&P) pipeline system.
You can feel the excitement and anticipation building. The Federal Energy Regulatory Commission (FERC) approved the Constitution Pipeline from northeast Pennsylvania into central New York in 2014, more than four years ago. This year, 2019, may be the year construction finally begins–and the year antis who have fought this pipeline every inch of the way finally LOSE.