Antero CEO Explains Decision to “Double Down” on West Virginia
Two weeks ago, MDN brought you the news that Antero Resources, the country’s fifth-largest natural gas producer and largest producer in West Virginia, had cut a deal to buy WV driller and midstreamer HG Energy II for a combined (upstream & midstream) $3.9 billion (see Antero Resources Buys HG Energy II in Deal Worth $3.9 Billion). The deal will add a massive 385,000 net acres to Antero’s existing ~475,000 net core Marcellus acreage position, bringing with it another 850 MMcfe/d in production. The same day we told you that Antero was selling its considerable Ohio Utica assets for $1.2 billion (see NOG & INR Partner to Buy Antero Resources’ Ohio Utica for $1.2B). In an unusual move, Antero CEO Michael Kennedy published a newspaper column to explain the company’s decision to “double down” on WV. Read More “Antero CEO Explains Decision to “Double Down” on West Virginia”
In 2018, Equitrans Midstream, the builder of the 303-mile Mountain Valley Pipeline (MVP), proposed extending the MVP pipeline (after completion) by an additional 75 miles from the current terminus in Pittsylvania County, VA, to Alamance County, NC, to provide natural gas for heating and electric power generation. The 75-mile extension was called MVP Southgate. In December 2023, Equitrans announced it was significantly changing the project, cutting it by more than half and increasing the amount of gas flowing through it (see 
Natural gas liquids (NGLs) include “heavier” hydrocarbons that come out of the ground along with methane (CH4). The most prevalent NGL by volume is ethane (C2H6). Another common NGL is propane (C3H8). And yet another is butane (C4H10). Depending on the location, all of those NGLs are produced in abundance in the Marcellus/Utica region. So, it should not come as a surprise that manufacturing plants that use NGLs as feedstock would decide to locate facilities in the region to leverage low-cost NGLs. India-based Thirumalai Chemicals Ltd. (TCL) is moving into pre-commissioning and startup activities at its new manufacturing facility in West Virginia (near Moundsville, Marshall County) and is progressing toward startup operations. 
The Greene County Planning Commission recently voted 8-1 to approve Phase 1 of “Project Hummingbird,” a massive data center complex proposed for the former Robena Mine site in Monongahela Township. This initial phase focuses on land grading, reclamation, and site preparation for a “power island” featuring two natural gas turbines totaling 910 megawatts (MW) and a water treatment plant. The plant will use Marcellus/Utica gas to power it. 
In April, Knighthead Capital Management, Homer City Redevelopment (HCR), and Kiewit Power Constructors Co. announced a plan to convert the former Homer City Generating Station, previously the largest coal-fired power plant in Pennsylvania (Indiana County, 50 miles east of Pittsburgh) into a more than 3,200-acre natural gas-powered data center campus, designed to meet the growing demand for artificial intelligence (AI) and high-performance computing (see 
OTHER U.S. REGIONS: Fuel rationing chaos looms in New York State; Hochul ends ‘100-foot-law’ through new legislation; Georgia regulators approve massive power grid expansion to serve data centers; NATIONAL: U.S. natural gas futures post daily gain, weekly loss; Climate fundraising update – hope amid doom; The EV bubble, or what’s left of it, popped this week; Democrats introduce legislation to stop LNG exports; INTERNATIONAL: Oil posts second weekly decline; The high cost of the “energy transition.” 
Volatility is the watchword for new permits in the Marcellus/Utica. Three weeks ago, the combined count between Pennsylvania, Ohio, and West Virginia was a measly 8 new permits (see 
In August 2014, the Marshall County, WV board of commissioners voted to approve a plan to build a Marcellus Shale-powered electric plant in the county (see 
Data centers—large facilities full of computers—have been in the news a lot over the past year. The internet and tech companies like Facebook, Google, and Amazon gave rise to data centers. But a new/renewed emphasis emerged a year ago with the unveiling of artificial intelligence (AI), which is now being used by a large portion of the population. Did you know that there are currently 4,149 active data centers in the U.S.? And that another 2,788 have been announced/planned, primarily related to AI? That’s from a fantastic new report from the American Edge Project (AEP) and the Technology Councils of North America (TECNA). Earlier this week, they released “America’s AI Surge: Powering Investment, Jobs, and Growth in Every State” (full copy below). We’ve extracted information specific to the Marcellus/Utica region from the report. 
In April, Knighthead Capital Management, Homer City Redevelopment (HCR), and Kiewit Power Constructors Co. announced a plan to convert the former Homer City Generating Station, previously the largest coal-fired power plant in Pennsylvania (Indiana County, 50 miles east of Pittsburgh) into a more than 3,200-acre natural gas-powered data center campus, designed to meet the growing demand for artificial intelligence (AI) and high-performance computing (see 
In June 2023, Dominion Energy announced plans to build four small “peaker” electric generating plants in Chesterfield County near Richmond (see 
Great news about another new gas-fired power plant coming to Virginia—a plant that will use Marcellus/Utica molecules. Red Post Energy Group and Wise Innovation Hub Venture (OASIS) have signed a Letter of Intent to develop power infrastructure for a major technology and data center hub in Wise County, Virginia, in the southwestern corner of the state. Known as the Maverick Project, this phased initiative aims for a total capacity of 600 megawatts, beginning with an initial 100-megawatt phase. 
This is sad and unexpected. Five weeks ago, MDN reported that Energy Transfer was holding off on a final investment decision (FID) for its Lake Charles LNG export project until 80% of the project had been sold to equity partners (see 