EQT’s WV to VA Pipeline Open Season a Success, FERC Filing in Oct
In early September MDN told you that EQT and NextEra Energy were getting hitched–in a joint venture for the 330-mile Mountain Valley Pipeline project that will run from Wetzel County, WV to Pittsylvania County, VA (see EQT & NextEra Tie the Knot on WV-VA Pipeline Joint Venture). The happy couple, with EQT in charge, announced a binding open season for the proposed pipeline. Yesterday EQT said the open season has been successful with 2 billion cubic feet of capacity locked up in 20 year deals–but they’re waiting a few more days, until this Friday, before closing the door. EQT also said yesterday they expect to begin their pre-filing with the Federal Energy Regulatory Commission (FERC) later this month. Later this year they’ll begin open houses to discuss the project with communities where the pipeline will run. If everything goes according to plan, the pipeline will go online sometime around November 2018…
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With blue capes unfurled and their Spandex tights removed from deep in the back of the closet (and it’s not even Halloween for another three weeks), the
Magnum Hunter has announced they’ve drilled the most southern (geographically) Utica Shale well ever drilled. The surprise is that it’s drilled in Tyler County, WV. The further surprise is that it’s one of the most productive Utica or Marcellus well ever drilled. Is it THE most productive well ever drilled? We don’t know for certain, but we think so. The announcement (below) says Magnum Hunter brought the Stewart Winland 1300U online last weekend and that so far, the “current peak rate” of production has been 46.5 million cubic feet per day (Mmcf/d). Truly astonishing…