Basalt Infrastructure Partners Buying XNG Virtual Pipe Company
Virtual pipeline company Xpress Natural Gas (XNG), which operates a major compression station/trucking facility not far from MDN headquarters, has agreed to sell itself to Basalt Infrastructure Partners, an investment firm located in London and New York City. The sale price was not disclosed.
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Vermont Gas is probably sorry it ever decided to build a tiny 41-mile pipeline between Chittenden and Addison counties to deliver clean-burning natural gas to Vermonters. Not only was the project hounded by anti-fossil fuel nutjobs, since going online in 2017 the project has been hounded by the State of Vermont itself! After a multi-year investigation, the state is accusing the project of multiple violations during construction and about to levy a hefty fine.
After Joe Biden signed an Executive Order in his first few days on the job killing the Keystone XL pipeline project (instantly throwing 11,000 union members of out high-paying jobs), anti-fossil fuel nuts have been salivating (drooling, actually) in anticipation of what else old dementia Joe will do next to kill off other pipeline projects, including Equitrans’ Mountain Valley Pipeline (MVP). One of Big Green’s trusty mouthpieces at the AP has penned a wishlist for which projects may get the ax next, and how it will happen.
The City of Monroe, North Carolina is a shining example of what other cities should do. The city recently launched a new LNG facility online (took three years to build). The city buys natural gas on the open market when the price is low, liquefies and stores it, and then regasifies it for use later–saving residents money. Smart folks running Monroe.
On Friday the Federal Energy Regulatory Commission (FERC) granted its approval to Williams to begin construction on the Leidy South Project in central Pennsylvania. The purpose of the Leidy South Project, which is part of the mighty Transco pipeline, is to connect robust supplies of natural gas in the Marcellus and Utica producing regions in Pennsylvania with markets along the Atlantic Seaboard by the 2021-2022 winter heating season.
In 2016 a group of business and government leaders from Ohio and West Virginia in the Mid-Ohio Valley banded together to form an economic development group called Shale Crescent USA, or SCUSA (see
Last week MDN brought you Part 1 of a series on the coming crisis in lack of pipeline capacity serving the Marcellus/Utica region (see
On Friday MDN told you that EQT has partnered with a company called Project Canary (used to be Independent Energy Standards Corporation) to use the TrustWell™ Responsible Gas Program to monitor two EQT gas wells to prove to the world (in particular the global warming lunatics) that EQT’s gas is good and green (see
Forget about the great American road trip. You won’t be able to charge your electric vehicle quickly enough or (in some cases) at all. Prepare to have your views of the countryside ruined by solar panels and windmills on just about every available hill, mountain, and ridgeline. Oh yeah, and get used to being a vegetarian too, because cows and pigs and chickens burp and fart too much methane and all that animal methane is toasting mom earth. You may think we’re joking, just poking fun at environmentalist wackos. Just read the AP article below and give us your interpretation of what those who now occupy D.C. have planned for YOU–citizens of the US of A.
Invoking the words “coronavirus” and “COVID-19” like a magical talisman, Pennsylvania’s far-left, bumbling governor, Tom Wolf, has for the seventh year in a row issued a budget proposal that won’t pass because it includes a Marcellus-killing severance tax on top of the existing severance tax (called an impact “fee”). Every year the urgent/critical reason changes for why Wolf needs to get his grubby hands on hundreds of millions of dollars. Just insert whatever is currently in the news into the blank and it’s the same tired, old appeal. This year the excuse is the coronavirus and restoring PA’s failing economy. Wolf is Johnny One-Note when it comes to proposing a severance tax every year.
Over the past week, the Enverus U.S. rig count jumped up by another 12 active rigs, making the new count 442. That’s the highest the rig count has been since April 2020 when the count began to drop like a rock as the coronavirus pandemic began to bite deeply. The count for both the Marcellus and Utica remained constant at a combined 42.
Federal Energy Regulatory Commission (FERC) member Neil Chatterjee during a recent webinar “laid out the business case for the GOP to get on board with the clean energy transition.” Chatterjee “urged the natural gas sector to be nimble and open to new opportunities the transition may present.” What kind of “new” opportunities and “transition” is he talking about?
It’s been an eventful (and not in a good way) week and a half since Joe Biden seized control of the White House. Or more properly, since the radicalized left took control and began ramming anti-fossil fuel Executive Orders down old senile Joe’s throat. He just keeps signing, admitting he doesn’t even know what’s he signing (
In December, the Maryland Board of Public Works (BPW), which has three members (two leftwing Democrats and RINO Gov. Larry Hogan), surprisingly approved a 10-inch, 6.83-mile pipeline for the Maryland portion of a 19+ mile project called the Del-Mar Energy Pathway Project, crossing both Delaware and Maryland (see