Yesterday, EQT Corporation announced a deal to buy its former midstream division, now called Equitrans Midstream, for roughly $5.46 billion (see Stop Press! EQT Buying Equitrans Midstream in All-Stock Deal). Equitrans owns 1,200 miles of gathering pipelines (the main reason for the purchase) and another 940 miles of interstate pipelines. The crown jewels for Equitrans…
Read More...In a new low, anti-fossil fuelers who have tried and failed to stop the Mountain Valley Pipeline in Virginia (now 99% done) are now attacking the reputation and character of the Director of the Virginia Dept. of Environmental Quality (DEQ), trying to slow things down with an ad hominem (“to the man” or “personal”) attack…
Read More...Once again, Big Green is attempting to illegally block the final bits of construction of the 303-mile Mountain Valley Pipeline as it travels through Roanoke County, VA. Yesterday, two “protesters” chained or otherwise attached themselves to an old (junk) car, a car made entirely from and with fossil fuels, blocking a road that leads to…
Read More...The 295-mile Portland Natural Gas Transmission System (PNGTS) spans New England from the Canadian border to pipeline connections in New Hampshire, Maine, and Massachusetts. The system began operations in 1999 and is located between three major pipeline networks originating in Canada and the Southern U.S. TC Energy owns 61.7% of PNGTS. The remaining 38.3 percent…
Read More...Three new pipeline projects are on the way in North Carolina, each one of them will deliver more Marcellus/Utica natural gas to the Tar Heel State. We’ve covered all three projects in separate posts. This post is a roundup, an overview of each project in one place. The three pipeline projects coming to North Carolina…
Read More...Never jump to conclusions. It can come back to bite you. Even MDN is sometimes (rarely, but sometimes) guilty of violating that truism. Last week, we told you that drilling mud left in the ground from Energy Transfer’s Mariner East Pipeline project work near Marsh Creek State Park (Chester County, PA) had, more than three…
Read More...The radicalized environmental left does itself no favors with its antics and histrionics aimed at bullying public officials. Case in point: On Wednesday, Feb. 21, a small group of activists (six or seven) with Third Act Virginia were removed from Attorney General Jason Miyares’ office in Richmond after staging a sit-in. The wackos were there…
Read More...On Feb. 15, members of the South Carolina Public Service Commission approved a proposed project to build a 1,020-megawatt (MV) gas-fired power plant in the state’s Lowcountry, in Colleton County. The project is a 50/50 partnership between Dominion Energy (formerly South Carolina Electric & Gas) and Santee Cooper (South Carolina’s state-owned electric and water utility)….
Read More...While drilling in Chester County, PA, in August 2020 in the Marsh Creek State Park area, Energy Transfer’s (ET) Mariner East 2X pipeline experienced an “inadvertent return” — nontoxic drilling mud coming up out of the ground where it’s not supposed to (see Mariner East 2X Construction Causes Another Drilling Mud Spill). It took more…
Read More...The contours of how and why Equitrans Midstream decided to cut its MVP (Mountain Valley Pipeline) Southgate project in North Carolina are becoming apparent. We told you in January that Equitrans had decided to slice MVP Southgate in more than half (see Equitrans Slices MVP Southgate Pipe Project From 75 to 31 Miles). Now comes…
Read More...Two really big (huge) pieces of news are coming from yesterday’s Equitrans Midstream fourth quarter and full-year 2023 update. The first bit of news is that Equitrans is actively considering a buyout offer. The company doesn’t use that exact language, but that’s what’s happening. This should come as no surprise, given the rumor mill on…
Read More...DT Midstream (DTM), headquartered in Detroit, owns major assets in the Marcellus/Utica region and other regions like the Haynesville. DTM issued its fourth quarter 2023 update last Friday. The Marcellus/Utica region (which they call Northeast in the report) received several prominent mentions during a conference call with analysts. Also of note were comments by DT…
Read More...ProFrac Holding Corp. is an oilfield service company (OFS) providing well-stimulation services, proppants production, and other complementary products and services to oil and gas companies engaged in the exploration and production (E&P) of unconventional oil and natural gas resources throughout the United States. In other words, ProFrac is a fracker-for-hire. The company has its own…
Read More...Pipeline giant Energy Transfer (ET), owner of the Mariner East Pipeline system, the Marcus Hook NGL terminal, and the Rover pipeline in the Marcellus/Utica region, issued its fourth quarter and full-year 2023 update yesterday. Net income for 4Q23 was $1.57 billion, up 9% from 4Q22’s $1.44 billion. However, net income for 2023 was $5.29 billion,…
Read More...Yesterday, the U.S. Court of Appeals for the District of Columbia (D.C. Circuit) delivered a HUGELY important decision. In April 2023, the U.S. Supreme Court breathed new life into a long-running lawsuit funded by Big Green groups using (abusing) a small group of uppity Virginia landowners who argue the Federal Energy Regulatory Commission (FERC) had…
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