Anti-Drilling/Fossil Fuel | Dominion Energy | Energy Services | Industrywide Issues | Pipelines | Statewide VA | Virginia
18 Virginia Legislators Oppose Atlantic Coast Pipe, 122 Don’t
A small cabal of 18 leftist Virginia state legislators sent a letter to the Federal Energy Regulator Commission (FERC) last week trash talking the Atlantic Coast Pipeline (ACP) proposed by Dominion Energy. The odious Sierra Club “applauds these legislators for standing up to polluting corporations like Dominion Energy that are putting their profits over people.” Same old tripe the Clubbers always peddle. What the Sierra Club doesn’t tell you is that there are 140 Virginia legislators, meaning 122 legislators either support, or certainly don’t oppose, ACP. Translation: The vast majority of Virginia residents and their representatives are in favor of ACP.
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Here’s a major scientific study that’s being suppressed and ignored by mainstream “news” (i.e. propaganda) outlets: A recently published study by Finnish researchers finds that human activity, specifically burning fossil fuels for energy, doesn’t even move the needle on global average temperatures. They point out a major flaw in climate modeling used by “mainstream” alarmists–in how they use a computer model that overestimates warming by a factor of 10.
MARCELLUS/UTICA REGION: Marcellus Shale R&D test site continues advancements with NETL support; OTHER U.S. REGIONS: Kinder Morgan receives FERC approval for Gulf LNG export project; Natural gas merely a ‘byproduct’ for producers in US shale oil plays; NATIONAL: Natural gas leads clean electricity production; How rising baseload demand for gas is reshaping seasonal patterns; Ocasio-Cortez’s chief of staff admits the Green New Deal is not about the climate.
Super secret sources are whispering to Bloomberg that Energy Transfer is seriously considering selling its 33% ownership stake in the 713-mile, 3.25 billion cubic feet per day of natural gas Rover Pipeline, a line that flows Utica Shale gas from Ohio into Michigan and all the way to Ontario, Canada. Such a sale would net ET somewhere around $2.5 billion. Yes, we’re shocked!
As of today Toby Rice has been on the job as EQT’s CEO for one week. According to an interview he granted the Pittsburgh Business Times, so far there have been “no major surprises.” Rice has begun meeting with all 800 EQT employees–some in groups via electronic town hall, others individually face-to-face. It appears his main focus has been to form and add people to an “Evolution Committee”–charged with executing Rice’s previously laid out 100-day plan. Toby also wants to EQT to be a “fun place to work.” He says right now, it’s not.
Invenergy’s 1,480 megawatt, $1 billion Marcellus gas-fired electric plant, called the Lackawanna Energy Center (located near Scranton, PA), is now 100% done with construction. Yesterday the company celebrated the end of construction with a special ceremony and tour.
It’s been some time since we’ve checked in on EnerVest, a private equity firm that owns a lot of acreage and wells (most of them conventional) in the Marcellus/Utica region. We spotted an update on the company’s holdings given by Steve Downey, EnerVest’s vice president of business development. Steve also happens to be president of the Ohio Oil & Gas Association (OOGA).
American Energy Partners, Inc. (AEPT), based in Allentown, PA, has just added a fourth subsidiary/division to the company. AEPT has agreed to acquire 100% of Hickman Geological Consulting, LLC in an all-stock deal. AEPT is giving owners Josh and Jessica Hickman 40.5 million shares of AEPT stock as payment. Josh Hickman is an AEPT board member. As of this morning AEPT shares are trading (on the Pink Sheets, over the counter) at $0.0055 per share (a little over half a penny per share). Doing the math, we peg the value of the deal at $222,750.
In the coming month, the U.S.’s seven major shale plays will produce a cumulative 82 billion cubic feet (Bcf) of natural gas, a new record! All but one of those seven shale plays will increase its shale gas output. The Marcellus/Utica region, the “beast in the east” is about to roar in the next month, increasing natgas production *another* 396 million cubic feet per day (MMcf/d), to a new high of 33 Bcf/d. This is the fourth month in a row the M-U will have increased production by at least one-third of a Bcf.
Speaking of New Fortress Energy and their planned northeast Pennsylvania LNG liquefaction facility (see today’s story, Work Begins to Clear Site for NEPA Landlocked LNG Export Plant), in addition to chilling natural gas into LNG, you also need a way to load it onto ships and move it to other markets. New Fortress plans to build a $96 million, 1,600-foot-long pier on the New Jersey side of the Delaware River at the former DuPont dynamite factory site to dock and load two ships at a time.