Williams Gets FERC Approval for 11-Mile Pipeline in NE Maryland
Good news! Williams announced yesterday that the Federal Energy Regulatory Commission (FERC) has approved their Transco pipeline application to expand the Transco system and construct an 11-mile pipeline lateral connecting Transco to an electric power generating facility in Cecil County, Maryland. The “Rock Springs expansion project” will transport 192,000 dekatherms of natural gas per day to Old Dominion Electric Cooperative’s soon-to-be-built Wildcat Point Generation Facility. Wildcat will generate 1,000 megawatts of electricity–enough to power 390,000 homes in the region…
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There’s once again renewed interest in Ohio’s Clinton sandstone. This time the interest is in drilling horizontal wells–“baby” wells compared to a Utica well. Over a dozen horizontal wells either have been or are now being drilled in the Clinton. One company, traditionally a conventional (vertical-only) driller, says drilling a horizontal well in the Clinton is 3 times more expensive than a vertical-only well, but it’s 7-8 times more productive. Another driller puts the cost at 10 times more than conventional drilling but 20 times more productive. Any way you slice it, it seems that small and large firms alike are taking a close look at the Clinton, drilling for “leftover natural gas and oil.” Here’s details of who’s doing the drilling and where…
Investment firm Topeka Capital Markets recently issued a report (for their clients) of the “most likely” companies in the oil and gas space that will be takeover targets, presumably this year. Unfortunately we don’t have a copy of the report, but we do have a list of the names they say are likely targets. The list has seven companies on it–three of which are focused on the Marcellus/Utica. Two of them are some of the biggest in the Marcellus/Utica. One of them has our eyes popping out, frankly with disbelief…