CONSOL Energy | Energy Companies | Industrywide Issues | Noble Energy | Pennsylvania | Pipelines | Statewide PA
CONSOL & Noble to Form New MLP Midstream Subsidiary
In 2011 CONSOL Energy had amassed some 750,000 Marcellus Shale acres but didn’t have enough money to drill it all on their own. So they did what many energy companies do–they got a joint venture partner. CONSOL cut a deal with Noble Energy to split the proceeds 50/50, with CONSOL drilling in the dry gas areas and Noble drilling in the wet gas areas (see Noble Energy and CONSOL to Partner on Marcellus in $3.4B Deal). The two jv partners announced yesterday their intent to form a master limited partnership (MLP) that will form a new midstream company (pipelines) to service their vast drilling operations…
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Range Resources built an open-air frack wastewater and brine impoundment in Amwell Township (Washington County), PA in 2009–the Jon Day Impoundment. At the time, they installed a monitoring system under the impoundment to alert them (and the PA Dept. of Environmental Protection) in case the impoundment–essentially a big pond with a rubber liner–sprung a leak. The monitoring system included 4-inch perforated pipes under the impoundment located inside trenches of gravel. The theory was/is if anything leaks, it will hit one of those pipes and come out the end. According to the DEP the monitoring system was “over and above” DEP requirements at the time. Unfortunately, the monitoring system somewhere along the way failed and the impoundment sprung a leak and now we have some 15,000 tons of “contaminated” soil which has nearly all been removed from the site…