Greg Floerke In late 2015, MPLX (i.e., Marathon Petroleum) bought out and merged with the Utica Shale’s premier midstream company, MarkWest Energy, for $15 billion (see MarkWest Energy Investors/Unitholders Approve Merger with Marathon). The “new” MarkWest, aka MPLX, plays on a much larger stage now, including ownership and operation of major assets in the Permian…
Read More...U.S. ethane production increased steadily over the last decade and reached a record of 3.0 million barrels per day (b/d) in May 2024. Ethane production in the first half of 2024 (1H24) averaged a record 2.8 million b/d, according to data from the U.S. Energy Information Administration’s (EIA) Petroleum Supply Monthly. Ethane production in the…
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...Three weeks ago, MDN warned you about delays with LPG (propane) and LNG ships transiting the Panama Canal (see Drought Along Panama Canal Causing Delays in Propane, LNG Exports). According to the Panama Canal Authority (APC), water levels at Gatún Lake are the lowest since at least 1995 due to an extended dry season and…
Read More...Although we have a companion story from today’s lineup that criticizes the U.S. Energy Information Administration (EIA) for its powers to predict the future (see EIA Consistently Underestimates NatGas Needed for Power Generation), the EIA is unparalleled in its tracking and reporting of historical energy data. The expert number crunchers of the EIA recently turned…
Read More...On February 14, 2022, Energy Transfer Marketing & Terminals, L.P. (ETMT) applied to expand the company’s ethane chilling capacity at the Marcus Hook Terminal (MHT) from approximately 75,000 barrels per day (bpd) to approximately 85,000 bpd. Because the facility is located in a so-called Environmental Justice (EJ) area, the DEP is conducting an even more…
Read More...UGI, a diversified energy company with midstream (pipeline) operations in the Marcellus and one of PA’s largest utility companies, is looking to sell or spin off its propane subsidiary into a new company. UGI’s propane subsidiary is AmeriGas, the nation’s largest retail propane marketer, serving nearly 1.3 million customers in all 50 states from approximately…
Read More...NGLs, or natural gas liquids, are an essential revenue stream for Marcellus/Utica drillers in the “wet gas” regions of the play. Those regions are found in southwestern Pennsylvania, the northern panhandle of West Virginia, and eastern Ohio. There are several pipelines that flow M-U NGLs to other regions or to export facilities. Among them is…
Read More...Commodities like oil and natural gas are just about the purest form of free market capitalism on the planet. They… Continue reading The post Crude & NatGas Drilling Slowing, Which Affects Propane Supplies first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.
Read More...U.S. Congressman Dan Meuser (PA-09) joined Congressman Troy Nehls (TX-22) for a roundtable discussion and tour of Energy Transfer’s Marcus… Continue reading The post PA & TX Congressmen Tour Philly’s Marcus Hook NGL Facility first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.
Read More...Natural gas is a booming industry in West Virginia and the United States, accounting for more than 38% of the… Continue reading The post WVU Researcher Looks for Way to Convert Shale Ethane to Olefins first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.
Read More...Some exciting news out of West Virginia to share. During last evening’s State of the State address, WV Gov. Jim… Continue reading The post $150M Manufacturing Plant Coming to WV, Cites M-U NGLs as Reason first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.
Read More...Residents living in the vicinity of Energy Transfer’s Revolution Pipeline cryogenic plant in Bulger (Washington County), PA, got a nasty… Continue reading The post Revolution Cryogenic Plant Partially Restarts Following Explosion first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.
Read More...Here in the real world (not the pretend world of leftist radicals who seek to shut down all fossil energy),… Continue reading The post How New Shell Cracker Affects Ethane/NGL Markets in Northeast first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.
Read More...From time to time, we write about propane–the “other” NGL produced in the Marcellus/Utica “wet gas” region. When M-U drillers… Continue reading The post Primer on Propane and Its Relationship to Crude Oil & Natural Gas first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.
Read More...