Dominion Files FERC Application for $5B Atlantic Coast Pipeline
Dominion’s Atlantic Coast Pipeline (ACP) faces some stiff opposition from the anti-drilling, landed gentry class, along with opposition from the usual anti-fossil fuel nutters and even opposition from Obama-controlled agencies including the BLM, FWS and USFS (see our ACP stories here). Even so, on Friday Dominion filed their official application with the Federal Energy Regulatory Commission (FERC) to get the pipeline approved. ACP, as a reminder, is a $5 billion, 564-mile natural gas pipeline starting in West Virginia, traveling through Virginia and on into North Carolina. The governors of all three states, two Democrats and one Republican, all strongly support the project. So too do a majority of residents in all three states (see Millions of People Support Atlantic Coast Pipeline via New Group). Just to give you an idea of how phenomenally over-complicated the process is, Dominion’s application was 30,000 pages long, a stack of paper 10 feet high…
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Yesterday some 120 new rules that govern oil and gas drilling in North Carolina–including a rule that lifts the moratorium on fracking shale deposits–went into effect. In just a couple of years NC was able to do what so far New York hasn’t been able to do in nearly seven years–it became the 34th state to allow shale drilling. While all shale layers are now open for business, the initial flurry of interest seems to be centered in the center of the state in Lee, Moore and Chatham counties. Popularly its called the Triassic Basin, although technically it’s part of a broader area called the Deep River Basin. Within the Triassic is a sub-basin called the Sanford, and it’s there that two companies are already “aggressively” leasing in the area…