NH’s Liberty Utilities Gives Up on $440M Natural Gas Pipeline

click for larger version

We’ve asked the following question for years: “Is it possible to build ANY kind of natgas pipeline in New England?” We now have the answer: No, it’s not. New England has slipped into The Twilight Zone where reality no longer exists. In May 2018, Liberty Utilities, a New Hampshire company, announced a new pipeline project called Granite Bridge–27 miles of new natural gas pipeline to be buried along Route 101 from Stratham to Manchester (see Liberty Utilities Floats Plan for 27-Mile Pipeline in Southern NH). Liberty has just announced they are giving up on Granite Bridge.
Continue reading

NJ Town Wants Say in TGP NatGas Compressor Station Project

Last year, in an effort to flow more natural gas to a starving New York City, Kinder Morgan cut a deal with utility company Consolidate Edison to provide more gas by beefing up capacity along its Tennessee Gas Pipeline (TGP) that feeds NYC, allowing Con Ed to avoid cutting customers off from natgas hookups (see Con Ed Deal May End Westchester, NY Gas Moratorium…in 2023). Part of KM’s plan to beef up TGP includes building a super-quiet, totally electric compressor station in West Milford Township (Passaic County), NJ.
Continue reading

DEP Consultant ICF Accused of Supporting Carbon Tax, Conflicts

Pennsylvania State Sen. Gene Yaw, Majority Chair of the Senate Environmental Resources and Energy Committee, is hammering ICF International, a consultant hired by the PA Dept. of Environmental Protection (DEP). The DEP has paid $874,000 (so far) to ICF for research relating to “climate change.” ICF is providing research used by the DEP to justify Gov. Wolf’s harebrained idea to join the Regional Greenhouse Gas Initiative (RGGI), a carbon tax scheme meant to drive natgas electric plants out of existence in the state. All in the name of saving Mom Earth. Ludicrous. ICF, supposedly impartial, appears to be anything but according to Yaw.
Continue reading

Permit Fee to Drill PA Shale Well Officially Went Up 250% on Aug 1

The dirty deed is finally done. It now officially costs more for a new shale permit to drill in Pennsylvania than in any other state in the country. In Ohio, it costs drillers $5,500 to file for and receive a permit to drill a new shale well. In West Virginia, the cost is $10,150. In Pennsylvania, it used to cost drillers $5,000 for a new shale well permit. As of Saturday, the price went up 250% to $12,500.
Continue reading

Shale Energy Stories of Interest: Mon, Aug 3, 2020

MARCELLUS/UTICA REGION: New York State Teachers Retirement System buys 146,700 shares of Antero Midstream; Pa. lawmakers keep up battle against Regional Greenhouse Gas Initiative; PennFuture urges oil, natural gas industry to explore green initiatives, but PIOGA calls proposal ‘laughable’; First Amendment rights of Amish take center stage in battle over huge New York wind project; OTHER U.S. REGIONS: ExxonMobil slashing Permian rig count, forecasting global oil glut extending ‘well into 2021’; Maine’s most expensive ballot fight ever unites natural gas companies and environmentalists; NATIONAL: Chapter 11 bankruptcy statistics on U.S. shale patch are not the best barometer to gauge industry’s future; U.S. homes and businesses receive natural gas mostly from local distribution companies; Chevron warns pandemic threatening through September, but common ground in election; Drillers go remote as pandemic reshapes oil business; INTERNATIONAL: China boosts shale gas development.
Continue reading

Antero 2Q Update: Production Up, Costs Down, Record Well Drilled

Antero Resources issued its 2Q20 update yesterday. Even though the company averaged a sales price of $2.81/Mcf (thousand cubic feet) for natural gas it sold last quarter by using hedging (at a time when the price has been bumping around $1.70/Mcf), low gas prices clobbered the company. Antero saw a net loss of $463 million for the quarter. However, the company did set a new onshore drilling record for the longest well drilled in a 24-hour period–11,253 lateral feet drilled in 24 hours.
Continue reading

CNX 2Q Update: Production Down, Curtailments Gone by November

CNX Resources issued its 2Q20 update yesterday. The company reports a $146 million net loss. Production in 2Q20 was 114.5 Bcfe (billion cubic feet equivalent), down from 134.5 Bcfe in 2Q19 due to curtailments. Average daily production in 2Q was 1.26 Bcf/d (billion cubic feet per day), down from 1.35 Bcf/d a year earlier. The company shut-in some of its production due to COVID and low prices. They will restore all shut-in production by November.
Continue reading

FERC Begins Enviro Assessment for Williams’ PennEast Competitor

Over a year ago, in March 2019, MDN told you about a new Williams plan to beef up the Transco pipeline in Pennsylvania and New Jersey to deliver an extra 760 MMcf/d (originally 1 billion cubic feet per day) of Marcellus gas to PA, NJ, and Maryland (see Williams Announces Transco Competitor to PennEast Pipe in NEPA). The project is called the Regional Energy Access expansion project.
Continue reading

MVP Gets Permission to Cross Appalachian Trail from Park Service

click for larger version

While we were bitterly disappointed that Dominion Energy decided to cancel the 600-mile Atlantic Coast Pipeline project from West Virginia to North Carolina because they’re exiting the pipeline business altogether (see Dominion Cancels Atlantic Coast Pipe, Sells Pipe Biz for $9.7B), there is one good thing that came from ACP. Dominion fought through to completion a court case that went before the U.S. Supreme Court to allow ACP (and other pipelines) the right to cross under the Appalachian Trail (see Victory! Atlantic Coast Pipeline Wins US Supreme Court Case). One of the beneficiaries of that case is Equitrans’ Mountain Valley Pipeline (MVP) project.
Continue reading

ANR Pipeline Upgrading Compressors to Flow More Gas to Midwest

Elwood Energy power plant (click for larger version)

Some exciting news to share about a potential new (or rather expanded) customer for Marcellus/Utica gas in Illinois. TC Energy (formerly TransCanada) announced yesterday it will spend $400 million on the Elwood Power/ANR Horsepower Replacement Project. The project will replace, upgrade, and modernize certain facilities along the ANR Pipeline system, one of the largest interstate natural gas pipeline systems in the U.S.
Continue reading

Retrograde: Enverus Onshore Rig Count Slips Again, Down 7 Rigs

Two weeks ago the Enverus onshore rig count finally hit bottom and turned around, nudging up by five rigs (see Bottom! Enverus Onshore Rig Count Finally Moves Higher Last Week). Last week the count climbed again, up another 11 (see Enverus Onshore Rig Count Higher Again, Leaving Bottom Behind). Over the past seven days the rig count faltered and has gone backward (retrograde) once again, going down seven rigs. The good news is that we’re still higher than the bottom hit a few weeks ago.
Continue reading

Penn State Determines Dosing for Anti-Farting Medicine for Cows

We include this story on MDN because (a) it’s Friday and sometimes we get a little giddy and have fun on Fridays, and (b) to illustrate the lengths crazies will go to reduce the amount of “fugitive methane” that “escapes” into the atmosphere. Agriculture (farm animals) produce huge amounts of fugitive methane–a fact that the climate loons grudgingly have to deal with if they want to keep up the false pretense that the planet is catastrophically warming. So every now and again the crazies come out with truly insane plans to capture, or in this case restrict, the amount of methane cows fart and burp. Penn State is all proud of itself that it has determined the optimum “dosing” of a really big antacid tablet for Bessie…
Continue reading

Weekly Shale Drilling Permits Issued for PA, OH, WV: July 20-24

Two weeks ago there were 27 new permits issued in Pennsylvania for shale drilling. Last week, July 20-24, there were only 3 new PA permits. Ouch. Finally, after several weeks of no shale permits in Ohio, the Buckeye State issued 8 new shale permits–all for the same well pad. In West Virginia, there were 3 new shale drilling permits (all for the same well pad) issued last week. The permits in PA were issued in Bradford, Susquehanna, and Washington counties. The OH permits were issued in Harrison County. The WV permits were issued in Wetzel County. There is no doubt drilling has greatly slowed throughout the M-U. Below are the details for each new permit issued.
Continue reading

Wealthy Va. Landowners Consider Next Moves Post-ACP Cancellation

Earlier this month Dominion Energy announced it is throwing in the towel and canceling the 600-mile Atlantic Coast Pipeline (ACP) project that would have stretched from West Virginia to North Carolina. The company also announced it is selling its pipeline business to Warren Buffett (see Dominion Cancels Atlantic Coast Pipe, Sells Pipe Biz for $9.7B). Uppity, wealthy Virginia landowners who didn’t want the pipeline buried under their horse pastures are still celebrating. Now that the hangovers have mostly cleared up, the uppity landowners are asking questions about what comes next. Can they sue Dominion to recoup legal costs in fighting the project? Can the legally-obtained easements against their properties for ACP be sold to someone else who wants to build a different pipeline?
Continue reading

A Different View re CNX’s Move to Buy Rest of Pipeline Subsidiary

Yesterday MDN brought you the news that CNX Resources is buying out the balance of what they don’t own in their pipeline subsidiary CNX Midstream (see CNX’s Competitive Advantage: Owning Its Own Pipelines). Our take on the news is that by owning their own pipeline network CNX has a distinct competitive advantage. We heard in pretty short order a different view from a couple of MDN readers…
Continue reading

GE Announces 3-Yr Plan to Fully Divest from Baker Hughes

Less than one year after buying Baker Hughes, GE decided it didn’t want its bright shiny new toy anymore and would divest itself of Baker Hughes (see GE Dumping Baker Hughes in Bid to Boost Stock Price). Baker Huges separated from GE last October and has been its own company since that time. However, GE still owns 37% of Baker Hughes (BKR) stock. Yesterday, as part of GE’s 2Q20 update, the company announced it will liquidate all of its remaining BKR stock over the next three years.
Continue reading