Energy Stories of Interest: Tue, Mar 12, 2019
MARCELLUS/UTICA REGION: $500 million Pennsylvania nuclear rescue plan triggers fierce battle from rival power producers; NATIONAL: More than 60% of electric generating capacity installed in 2018 was fueled by natural gas; Optimism reigns for U.S. LNG as global supply fear wanes; Overt focus on U.S. shale decline rates misguided as output rise will continue; INTERNATIONAL: EU’s U.S. LNG imports soar as diplomatic talks continue; CERAWeek: Lukoil to release new natural gas strategy this autumn.
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Did Williams just float an alternative/competitive pipeline to PennEast? Sure looks that way to us. On Friday Williams announced a binding open season to add 34 miles of looping pipeline next to existing Transco pipeline along with beefing up some of it’s compressor stations, in a bid to increase flows along the Transco from Luzerne County, PA (where PennEast would originate) to Mercer County, NJ (where PennEast would terminate).
As we keep pointing out, PTT Global Chemical, the company that says they want to build a $6 billion ethane cracker plant complex in Belmont County, OH, keeps hinting that a “final investment decision” (FID) will come soon. Any day now. Just around the corner. They’ve been saying it for nearly two years.
Anti-fossil fuelers are once again riding their high horse “demanding” that the Municipal Authority of Westmoreland County block any more shale drilling on county-owned property located near Beaver Run Reservoir. Even though CNX’s shale drilling has been going on there since 2011 with zero impacts on the reservoir and its water supply.
Last Friday MDN reported that Encino Energy CEO Hardy Murchison and COO Ray Walker (formerly of Range Resources) spoke at the Ohio Oil & Gas Association (OOGA) 72nd Annual Meeting in Columbus (see 
In early 2018, the federal EPA approved a new Marcellus wastewater injection well for the Pittsburgh suburb of Plum Borough (see 
The latest edition of the MDN Weekly Digest is now ready. The digest is the meat and “essence” of each story for all posts appearing on the MDN website during the past week, collected in a single PDF document capable of being downloaded and printed. The Weekly Digest is available to paying subscribers only as part of your 
EQT yesterday announced they’ve hired a new Chief Operating Officer–Gary E. Gould, hired away from Harold Hamm at Continental Resources where he oversaw production and resource development (essentially the same position). Gould is being paid $550,000 a year with a $500,000 signing bonus ($1.1 million total), for his first year. His salary goes up from there. Gould’s charter from EQT CEO Rob McNally? Cut costs. Which made us giggle.
The Ohio Oil & Gas Association (OOGA) is currently holding their 72nd Annual Meeting in Columbus, Ohio. U.S. Vice President Mike Pence will address the event today. Cool! Kallanish Energy is at the event. They report that Encino Energy, which bought out all of Chesapeake Energy’s considerable Ohio Utica assets last year, was the “center of attention” yesterday.
We’ve been tracking the story of a coming $800 million LNG export plant that will be built in rural northeastern Pennsylvania (see 
Both Atlantic Coast Pipeline (ACP) and Mountain Valley Pipeline (MVP) are facing an existential threat from the clown judges of the U.S. Court of Appeals for the Fourth Circus.
Russian native Boris Brevnov (former Enron executive) and his partner Charles Ryan (a Radnor native, once the chief country officer in Moscow for Deutsche Bank), are now one vote away from Philadelphia City Council approving a $60 million Marcellus LNG export facility, to be built on property owned by Philadelphia Gas Works (PGW).
In late December, the Pennsylvania Supreme Court ruled that so-called “stripper wells” can be taxed under the 2012 Act 13 law, slapped with an impact fee assessment if those wells produce more than 90 thousand cubic feet per day (Mcf/d) of gas in a single month, any month (see