Texas Eastern Pipe in Ohio Down Indefinitely Following Blast
Some 2.31 billion cubic feet per day (Bcf/d) of Utica Shale natural gas had been flowing through the Berne Compressor Station in Noble County, OH. Some (most?) of that gas goes to the Gulf Coast. That is, did go to the Gulf Coast–until the Texas Eastern Pipeline (Tetco) exploded earlier this week. That 2.31 Bcf/d coming from Berne has dropped to 0 Bcf/d for the indefinite future.
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Westmoreland Gas, headquartered in Bridgeport, WV, was founded in August 2018 by two industry veterans, one with close ties to Mountain V Oil & Gas. According to a press release issued two days ago, Westmoreland closed on oil and gas assets in WV on Dec. 31, essentially launching the company.
The Independent Oil & Gas Association of West Virginia (IOGAWV) held its annual winter meeting on Tuesday and Wednesday. There was a LOT of talk of WV nabbing the much-talked-about multi-billion dollar NGL storage hub project.
What could have been a major threat not only to Mountain Valley Pipeline (MVP), but to all pipeline projects, was averted on Tuesday when the U.S. Supreme Court declined to hear a case brought by 13 landowners (backed with Big Green money) challenging the right to use eminent domain for private companies.
Shame on the Connecticut Energy Marketers Association, a group of fuel oil dealers who selfishly want to block the expansion of natural gas pipelines to homes and businesses, just so they can sell more dirty fuel oil.
Our friends at NGI (Natural Gas Intelligence) have launched yet another helpful online price tracker. The NGI U.S. LNG Export Tracker keeps tabs on the amount of natural gas flowing into, and out of, six different LNG export facilities that either already are, or soon will be, exporting U.S. LNG.
MARCELLUS/UTICA REGION: GAIL puts up three Cove Point LNG cargoes for sale; OTHER U.S. REGIONS: EIA’s new interactive New England dashboard tracks energy capacity constraints; NATIONAL: Oilfield services companies face another tough slog; Crude Summit – Repsol sees potential shale demand cap; Full impact of shale revolution not yet seen; Frac water demand in U.S. skyrockets; INTERNATIONAL: It’s cold in China, and environmental central planning has turned off the heat.
We are positively bursting with news about EQT today. Yesterday EQT’s existing management issued plans for 2019 and the Rice brothers responded–by launching a proxy war to replace board members and top management. In addition, we unearthed news that the Rice boys held their meeting with EQT’s board on Jan. 15.
Yesterday the Pennsylvania Dept. of Environmental Protection’s (DEP) Deputy Secretary for Oil and Gas Management, Scott Perry, told DEP’s Citizens Advisory Council his program is losing $800,000 a month, which he desperately, desperately hopes will be fixed soon by slapping a 250% hike in permit fees on Marcellus drillers.
Yesterday our favorite government agency, the U.S. Energy Information Administration, issued our favorite monthly report, the Drilling Productivity Report. The DPR is a forecast of oil and gas production in the country’s seven major shale plays for the coming month, made by the expert number crunchers at EIA.
The radicals of the Sierra Club along with some lesser-known but equally radical enviro groups are challenging an air quality permit recently granted by the Ohio Environmental Protection Agency for the PTT Global Chemical ethane cracker project in Belmont County, OH.
Remember a few years back when Volkswagen got caught cheating on emissions tests for the cars they make? Bad move. It ended up costing a number of people at VW their jobs, and costing the company $2.9 billion in a settlement with the U.S. government. That shakedown money is now being doled out state by state, and we can’t think of a better way to use the money than by investing in NGVs (natural gas vehicles).