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New Utica Shale Pipeline to Midwest Announced
Three companies have formed a joint venture to build a new Utica Shale pipeline from Ohio through Michigan and eventually into Canada, delivering Utica Shale gas to Midwestern markets. The three companies are DTE Energy—a Detroit-based energy company, Enbridge—Canada’s largest natural gas distribution company, and Spectra Energy—one of North America’s largest pipeline companies and a member of the Fortune 500 list. The partners plan an open season to lock in customers for the new pipeline later this year. The pipeline won’t be built and in service until late 2015 at the earliest.
From the joint press release issued this morning:
Read More “New Utica Shale Pipeline to Midwest Announced”
The Joint Landowners Coalition of New York (JLCNY) yesterday emailed an “urgent call to action” to New York landowners and those in the state who support natural gas drilling. The JLCNY has received a tip from “credible sources” that Gov. Andrew Cuomo has been asked to once again delay the release of new drilling rules in New York, known as the SGEIS, until after the election on Nov. 6—effectively meaning “not until 2013.” The JLCNY call to action asks landowners and gas supporters to phone the governor’s office, along with the offices of other prominent politicians, asking them to not delay the release of new drilling rules.
Since the beginning of 2012, hardly a quarterly earnings/operations report from an energy company, nor a story about natural prices, has failed to point out how drillers are now focused on “wet gas” areas in shale plays. For the Marcellus and Utica region, that means a shift from drilling in northeast PA to southwest PA, northern WV and eastern Ohio, where wet gas deposits are found. Wet gas simply means there are extra hydrocarbons that come out of the bore hole along with “dry gas,” i.e. methane. Wet gas hydrocarbons include propane and ethane.