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Antero Buying Crestwood’s WV Marcellus Gathering Pipeline System
Yesterday both Antero Midstream (the pipeline subsidiary of Antero Resources), and Crestwood Equity Partners announced a deal to sell Crestwood’s remaining Marcellus assets to Antero for $205 million. The assets include 72 miles of dry gas gathering pipelines and nine compressor stations with approximately 700 MMcf/d of compression capacity located in Doddridge County and Harrison County in West Virginia.
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The mighty Shell ethane cracker complex in Monaca (Beaver County), PA, is due to come online any day now. In fact, with such a large and complex facility, it is already “coming online” gradually and has been since August (see 
In June, a Shell executive told the Appalachian Energy Innovation Collaborative conference that the company’s Pennsylvania ethane cracker project was 98% done and would be fully online within “a couple of months” (see 
One of the big promises of building a multi-billion dollar ethane cracker plant project is its ability to act like a magnet attracting other petrochemical and manufacturing plants to locate near it, using the outputs of the ethane cracker as their inputs. According to an article appearing in the Pittsburgh Business Times, the great promise of attracting more businesses to the southwestern PA region with the construction of the Shell cracker plant has not, so far at least, resulted in a big influx of new businesses.
We’ve talked plenty about the big LNG export facilities scattered mostly along the Gulf Coast that export a fair amount of Marcellus/Utica molecules (and two LNG export sites situated on the East Coast, both of which export 100% M-U molecules). Every now and again we talk about some of the smaller LNG export operations, including Eagle LNG in Florida, which uses at least some M-U molecules. The experts at RBN Energy have a new post exploring “small-scale” LNG producers, including Eagle and three other companies that own and operate a number of small facilities. As with Eagle, these smaller players are potential customers for M-U molecules.
The radicals of the Clean Air Council (CAC) are claiming a (very small) victory in their campaign against processing NGLs at the Marcus Hook refinery located near Philadelphia. CAC is CACkling that they have forced Energy Transfer, builder of the mighty Mariner East (ME) pipeline system (a pipeline that CAC couldn’t stop), to back down on how permits are issued for the Marcus Hook facility–the place where NGLs from ME end up for processing and loading for export. The end result is…well…not much. Nothing will really change. The same volume of NGLs will still flow to Marcus Hook, and the same volume of NGLs will be loaded onto ships and exported to other countries. The only thing that changes is that ET spends more time and pays more money to obtain a single large permit instead of two separate, smaller permits. We’ll explain.
JobsOhio, a private nonprofit largely funded by the profits from state liquor sales, is dedicated to attracting new jobs and investments to the state. JobsOhio has been a big part of the plan to get an ethane cracker built in the state, a project currently on hold. JobsOhio still believes there will be an ethane cracker plant built on a site prepared for that purpose in Belmont County, Ohio. PTT Global Chemical is supposed to be the one building the plant. However, a stray comment by the President and CEO of JobsOhio, JP Nauseef, confirms what we’ve thought for a long time…
In January MDN reported comments by a Shell representative who said the mighty ethane cracker the company is building in Monaca (Beaver County), PA was 95% complete (see 
PTT Global Chemical has reimbursed JobsOhio, the state’s private economic development office, $20 million for failing to make a final investment decision (FID) to build a multi-billion-dollar ethane cracker plant project in Belmont County, OH. JobsOhio paid Bechtel Corp. $20 million in 2019 to complete site engineering and site preparation for the project, with a promise from PTT that it would soon make an FID and move forward with construction. That never happened, so PTT is paying up because it didn’t live up to its end of the bargain. Interestingly, PTT maintains it is “committed to building the multi-billion dollar project.” Right.
Last August, PTT Global Chemical finally came clean and admitted there will be no final investment decision (FID) to build a $10 billion ethane cracker plant project in Belmont County, OH, until they secure a partner to help finance the project (see 
One year ago, in March 2021, Eureka Resources announced plans to build a Marcellus Shale wastewater treatment facility in Dimock (Susquehanna County), Pennsylvania (see 
We’ve written about Doug McLinko, Commissioner for Bradford County, PA, a number of times. McLinko has been a strong supporter of the shale industry for years. In a recent interview with a local newspaper, McLinko and fellow Commissioner Daryl Miller took national leaders to task, including President Biden, for their pursuit of foreign energy sources over domestic sources. In particular, McLinko believes rail and pipelines could be an effective countermeasure to move our energy around, guarding against wild price gyrations.