Equitrans Sets May 31st Date for MVP Startup; OVCX Online Now
Equitrans Midstream, builder of the mighty Mountain Valley Pipeline (MVP), issued its first quarter 2024 update yesterday. The update came without the typical conference call for analysts, given the impending merger with (takeover by) EQT Corporation. Picking through the prepared updates and filings with the SEC, we discovered some useful bits of news. First and foremost, Equitrans expects to begin operations on MVP on May 31st, provided all necessary directives are issued by the Federal Energy Regulatory Commission (FERC). MVP’s cost went up yet again, from $7.6 billion, estimated earlier this year, to now approximately $7.85 billion. However, MVP wasn’t the only big news coming from the update.
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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 2018, Equitrans Midstream, the builder of the 303-mile Mountain Valley Pipeline (MVP), proposed to extend MVP (when it’s done) by an extra 75 miles from the current terminus in Pittsylvania County, VA, to Alamance County, NC, to provide natural gas for heating and electric generation. The 75-mile extension is called MVP Southgate. Last year, Equitrans asked the Federal Energy Regulatory Commission (FERC) to extend Southgate’s project timeline an extra three years. FERC agreed in December (see
Yesterday, we brought you the great news that Mountain Valley Pipeline (MVP), the 303-mile, 2.0 Bcf/d pipeline from Wetzel County, WV, to Pittsylvania County, VA, is essentially done (see
We never thought this day would arrive! We hoped. We prayed. But finally, it’s (almost) here. The 303-mile, 2 Bcf/d Mountain Valley Pipeline (MVP) is almost ready to begin operation. On Monday, Equitrans Midstream filed a letter (below) with the Federal Energy Regulatory Commission (FERC) requesting a May 23 startup date for the pipeline. MVP (Equitrans) says the pipeline will be in the ground, buried, and ready to begin on May 22 (called “mechanically complete”). Get the champagne on ice and ready…
West Virginia natural gas drillers are excited at the prospect of the soon-opening Mountain Valley Pipeline (MVP), which will carry WV gas 303 miles from Wetzel County, WV, to Pittsylvania County, VA. During a recent meeting of the West Virginia Legislature’s Joint Standing Committee on Energy and Manufacturing, the CFO of Pillar Energy said it’s only a month or two until MVP will be online and flowing. Hallelujah! We [the O&G industry] were finally able to get this one done.
A new bill proposed by two Republican state lawmakers in Ohio would make it easier to site and build natural gas pipelines to areas of the state where pipelines currently don’t exist. If our reading of the bill language is correct, it is aimed at stimulating new jobs by running pipelines to industrial parks and businesses that currently are not serviced by natgas. The aim is to stimulate new jobs and opportunities in the Buckeye State. Smart.
A local community receiving a federal grant of $14 million (arranged by a local Congressman) to improve natural gas infrastructure, like replacing worn-out gas pipes, is a fairly common occurrence across most of the country. But it’s not a common occurrence when the community receiving the grant and doing the work is located in New York State — a state that is utterly hostile to even a single square inch of new natural gas infrastructure. That’s what makes this story so unusual, so “man-bites-dog” in nature. Bath and Woodhull (both in Steuben County, NY) are receiving a combined $14 million to replace nearly 18 miles of natural gas pipelines.
The devious left is at it again. In their hatred of fossil energy, the Democrat Party is targeting a little-known portion of the Clean Water Act (CWA), called a Nationwide Permit 12 (NWP12), that is often used to streamline the construction of new oil and gas pipelines. NWP12 was used, in part, to construct the Mountain Valley Pipeline in West Virginia. The Dems are leaning on the Bidenistas to “review” the NWP12 and to revise the regulation to exempt its use to build oil and gas pipelines. Yet another attack from the Democrats on oil and gas.
The United States exported 10% more natural gas in 2023 than it did in 2022 — a record of 20.9 billion cubic feet per day (Bcf/d), according to the U.S. Energy Information Administration’s (EIA) Natural Gas Monthly report. U.S. liquefied natural gas (LNG) exports accounted for more than half of all U.S. natural gas exports, and natural gas exports by pipeline to Canada and Mexico accounted for the remainder. You don’t often think about the fact that we export a huge amount of natural gas to our two neighbors via pipeline — Canada in the north and Mexico in the south. We exported 8.9 Bcf/d to Canada and Mexico combined (43% of all exported gas) and 12.0 Bcf/d via LNG (57%).
CNX Midstream, a subsidiary of CNX Resources, plans to construct two 13.9-mile-long, 24-inch-diameter steel natural gas pipelines and one approximately 3.9-mile-long, 20-inch-diameter high-density polyethylene (HDPE) permanent waterline in Westmoreland County, PA. The aim is to support new shale well drilling by CNX in the region. The reason we know about the project is from a notice by the Pennsylvania Dept. of Environmental Protection (DEP) in the weekly Pennsylvania Bulletin inviting the public to comment on a Chapter 105 Encroachments Permit for the proposed construction.
We think our headline about says it all. We’ve seen this type of thing many times before — out-of-town (actually, out-of-state) “protesters” show up and disrupt legal construction activity because, well, because they’re looney tunes. They’ve drunk the global warming Kool-Aid and are convinced, against all reason and rationality, that using natural gas and oil is going to destroy Mom Earth. This time around, it was a married couple well past their prime, a couple of old hippies making silly asses of themselves. They sat inside a huge plywood structure made to look like an opposum, blocking access to a Mountain Valley Pipeline (MVP) construction site in Virginia for several hours.
CNX Resources Corporation yesterday announced that it is nearing completion of its Kiski Water Line project in Westmoreland County, PA, which will serve the company’s local operational needs for drilling and fracking. The new water line, due to be done in June, will reduce the local impact of natural gas development (fewer truck trips), and potentially optimize regional water resources by providing additional reliable water infrastructure to area communities.
The radicals who run the New York Dept. of Environmental Conservation (DEC) are gearing up to block the Iroquois Gas Transmission system from completing its Enhancement by Compression (ExC) project. ExC increases horsepower at three compression stations — two in New York and one in Connecticut — by an extra 125 MMcf/d, flowing more Marcellus/Utica gas into New York City and New England (see