Antero Midstream | Doddridge County | Energy Services | Industrywide Issues | Litigation | Wastewater | West Virginia
Antero Midstream Wins $248M Lawsuit Against Veolia re WV Plant
Antero Midstream hired Veolia Water Technologies to build and operate a state-of-the-art frack wastewater recycling facility in Doddridge County, WV, which began operations in 2017 (see Antero’s $275M WV Wastewater Recycling Facility Ready to Launch). The Clearwater Treatment Facility can process up to 60,000 barrels of wastewater per day, separating water, salt, and radioactive particles. Less than two years after it began operation, Antero suddenly shuttered the plant (see Antero Idles WV Frack Wastewater Plant Launched 2 Years Ago). What we didn’t know until now is that a lawsuit ensued between Antero Midstream and Veolia over the shuttered plant.
Read More “Antero Midstream Wins $248M Lawsuit Against Veolia re WV Plant”
The “front month” (Feb. 2023) NYMEX Henry Hub price for natural gas took another nosedive yesterday, hitting its lowest price ($3.72/MMBtu) since Jan. 4, 2022. Why the drop? Weather, or course. But also expectations. Natural gas commodities trading is a strange art. The U.S. Energy Information Administration (EIA) reported yesterday that withdrawal from underground gas inventories was 221 billion cubic feet (Bcf) over the past week. The five-year average for the same period is 98 Bcf. Holy smokes! That’s a HUGE drawdown. And yet the market went the other way and crashed the price–because traders expected the drawdown to be even bigger–around 240 Bcf.
The Tennessee Valley Authority (TVA) is a federally-owned electric utility corporation in the U.S. TVA’s service area covers all of Tennessee, portions of Alabama, Mississippi, and Kentucky, and small areas of Georgia, North Carolina, and Virginia. TVA is the sixth-largest power supplier and the largest public utility in the country. In December 2021, MDN told you that TVA is spending over $1 billion to replace six coal-fired plants with natgas-fired turbines (see 
Most of the public and many of the private companies that drill in the Marcellus and Utica for natural gas either already have been, or are pursuing, certification of their operations as being “responsible.” Three primary standards authorities currently exist–MiQ, Project Canary, and Equitable Origin–to certify that a company’s natural gas was extracted and pipelined with low methane emissions. There’s even a fourth certification scheme underway by Williams, Coterra Energy, and Dominion Energy (see 
We’re catching up the permit report for the past two weeks (since we were off all of last week). Permits issued for Dec. 19 through Jan. 1 in the Marcellus/Utica included 19 new permits in Pennsylvania, 7 new permits in Ohio, and 12 new permits in West Virginia.
NATIONAL: Biden snookers Joe Manchin again; E&Ps’ investment likely to accelerate in 2023 after steady rise through 2022; Pulling America back from the precipice; Senate Democrats look for staffers to probe fossil fuels; Biden touts drained emergency oil reserves as top 2022 accomplishment; INTERNATIONAL: Global natural gas balances to remain tight until 2026.
Last September, EQT Corporation announced it is buying privately-owned Tug Hill Operating’s West Virginia shale assets for $5.2 billion (see 
Yesterday MDN brought you the news that the Pennsylvania Public Utility Commission (PUC) held a hearing in December to explain new regulations coming from the PUC, based on directives from the federal Pipeline and Hazardous Materials Safety Administration (PHMSA), to begin regulating previously unregulated natural gas gathering pipelines (see 
Why would a major oil and gas driller decide to cede control of the future of its company to a group of international leftists hellbent on destroying fossil energy? The answer eludes us, but it has just happened with a second Marcellus/Utica driller: EOG Resources. Yesterday, EOG announced it has joined the UN’s Oil & Gas Methane Partnership 2.0 (OGMP 2.0). Support for OGMP 2.0 is growing in the natgas marketplace in the U.S. We previously told you that Cheniere Energy’s LNG export plants are seeking certification under OGMP 2.0 (see 
S&P Global Commodity Insights published an analysis article speculating on the overall level of natural gas production we can expect to see in the U.S. in 2023. According to S&P’s analysts, weaker prices for the NYMEX Henry Hub futures price expected this year, along with recent weakness in the internal rate of return (IRR) for companies, are combining to lower the amount of growth in natgas production we might otherwise have experienced. S&P isn’t saying we’ll go backward–with less production. It’s saying production won’t grow as much as it could have if not for these negative factors.
Finally! Richard “Dick” Glick is no longer a Federal Energy Regulatory Commission (FERC) commissioner. He is also no longer Chairman of this key agency that has the power to block new pipeline projects. We’ve complained about Glick, a former wind lobbyist, for years–pretty much since Donald Trump nominated him to serve at the behest of Chuck Schumer (see 
Kentucky is joining a number of other states, including Texas, West Virginia, and Florida, in putting Big Banks (and Big Investment Firms) on notice that those companies are about to lose the business of the State of Kentucky. On Tuesday, State Treasurer Allison Ball released a list of 11 financial companies that are engaged in energy company boycotts–refusing to invest in, or loan money to, fossil energy companies. The list includes BlackRock, Citigroup, and JPMorgan Chase, among others.