Anti-Drilling/Fossil Fuel | Energy Services | Industrywide Issues | PennEast Pipeline | Pipelines | Regulation
Antis Continue Attacks on PennEast Pipe 2-Phase Construction Plan
Anti fossil fuel zealots, citing their hatred of “fracked gas,” continue to attack a plan by PennEast Pipeline to separate construction and build the pipeline from northeastern PA into New Jersey into two phases–build the PA portion first, and the NJ portion later. PennEast Pipeline is a $1.2 billion, 118-mile brand new (greenfield) pipeline project planned between the Wilkes-Barre, PA area and the Trenton, NJ area. The project has faced stiff opposition from nutty Big Green groups and from the Democrats who have seized control of NJ.
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MARCELLUS/UTICA REGION: U.S. Energy Secretary to tour Shell cracker plant today; Shell cracker approaching 5,000 workers; How Boilermakers Local 154 could win the election for Trump; OTHER U.S. REGIONS: LNG tanker queues develop on USGC as exporters ramp up production; NATIONAL: Biden flip-flops on fracking; Fracking is on the ballot; Trump would emphasize energy infrastructure build-out; E&Ps’ third-quarter results seen rebounding after a memorable, brutal spring; Natural gas inventories on a fast track for the 4 trillion cubic feet level; INTERNATIONAL: China increases imports of us oil ahead of November election.
Yesterday the Ohio Power Siting Board approved the construction, operation, and maintenance of a Utica-fired combined heat and power (CHP) plant on the main campus of Ohio State University in Columbus. Wonders never cease! Of course, irrational fossil fuel haters are not giving up the fight to try and block it.
Last week Enbridge began testing its Weymouth, Massachusetts compressor station project, the final piece of the company’s $452 million Atlantic Bridge expansion project (see 
Time for our weekly check of the rig count. We like to check the Enverus count because we believe it’s more accurate than the Baker Hughes count. According to S&P’s analysis, the rig count climbed by 6 for the week ending Sept. 16 to hit an eight-week high of 293 active rigs. The Marcellus remained stable at a total of 26 rigs (between wet and dry gas areas). However, the Utica added one rig, moving from an average of 6 rigs to 7 rigs.
Last December Chevron announced it was writing down over $10 billion worth of its U.S. onshore shale assets, with $6.5 billion of that number coming from its Marcellus/Utica assets. Also in December, the company posted for sale ALL of their M-U assets (see 
What started out as a spat between two companies that used to be one and the same, EQT and Equitrans, has quickly turned into open warfare that’s heading for court. We’re talking about the flap over whether or not EQT has the right to buy out Equitrans’ Hammerhead pipeline, and turn around and sell it, as EQT is now trying to do (see 
The Federal Energy Regulatory Commission (FERC) is making official what has, until now, been unofficial (but enforceable via court orders)–state environmental agencies have exactly one year to dither around and then either grant or reject issuing a Section 401 permit for pipelines (and other projects) to cross rivers and streams and wetlands. Last week FERC issued a Notice Of Proposed Rulemaking (NOPR) to make the one-year time limit (a part of law under the Federal Clean Water Act) an official part of FERC regulations too.
There are at least a few honest politicians in Columbus, Ohio. Last week several Ohio state legislators made the case to overturn House Bill (HB) 6. Last year FirstEnergy Solutions (now called Energy Harbor) allegedly paid $60 million in bribes to (now former) Ohio House Speaker Larry Householder and four of his associates to gain their assistance in passing the hugely unpopular HB 6 (see 
The American Energy Alliance (AEA), a “pro-consumer, pro-taxpayer, and free-market energy organization,” has just released its 
In May, Australian company LNG Limited (LNGL) found a buyer for its Magnolia LNG export project, located in Louisiana, for $2 million (see