Energy Transfer (ET), builder of the Rover pipeline project and the Mariner East pipelines here in the M-U region (as well as many other projects across the country), issued its third-quarter update yesterday. The company lost $782 million in 3Q20 versus making a profit of $857 million in 3Q19. Some (most) of the loss was a paper loss. As part of the update, we learned that the “next phase” of the Mariner East project will be placed into service by the end of this year.
This post appeared first on Marcellus Drilling News.