Mountain Valley Pipeline LLC, developer of the contentious 2 million Dth/d, 300-mile natural gas conduit, plans to donate up to $19.5 million for conservation efforts in Virginia and West Virginia, where the unfinished pipeline is routed. The commitment is part of an agreement between the developer and conservation groups the Appalachian Trail Conservancy (ATC) and…
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Mariner East Again Contending with Drilling Fluid Spills in Pennsylvania
The Pennsylvania Department of Environmental Protection (DEP) has responded to several reports of fluid discharges at construction sites for the Mariner East pipeline system in Chester County, including a confirmed spill at a state park. The agency said Sunoco Pipeline LP reported an inadvertent return on Monday in Marsh Creek State Park in Upper Uwchlan…
North Carolina Rejects MVP Southgate, But 2021 Start-Up Still in Sight
Striking another blow against the Appalachian takeaway Mountain Valley Pipeline LLC (MVP), a project beset by legal and regulatory challenges the last few years, the North Carolina Department of Environmental Quality (DEQ) has denied a water quality permit for MVP’s Southgate extension. The DEQ on Tuesday denied MVP’s request for state certification under Clean Water…
Permian Oil Drilling Permits Climb, while Lower 48 Natural Gas Stronger
Permits for new oil and gas wells rose 25% month/month in July, with “significant” growth in the Permian Basin, but overall activity was down by two-thirds from a year ago, according to Evercore ISI. The analyst team led by James West each month compiles federal and state permitting data, which provides a window into what…
Natural Gas Futures Slip as EIA Storage Data Reflects ‘Woefully Oversupplied’ Market
Natural gas futures buckled under pressure Thursday after a slightly larger-than-expected storage injection sapped the momentum prices had earlier in the week. The September Nymex futures contract settled at $2.165, down 2.6 cents day/day. October also slipped 2.6 cents to $2.305. Spot gas prices softened across the board as well, dragging down NGI’s Spot Gas…
Gulfport Keeping Utica Natural Gas Curtailed to Await Better Prices
Gulfport Energy Corp. is still curtailing Appalachian natural gas production in anticipation of better prices later this year and into 2021. Given an uncertain economic outlook, weak energy demand and a slight rebound in associated gas volumes, Gulfport remains “cautious near-term on natural gas pricing,” said CEO David Wood during a call to discuss second…
Montage Strikes Deal to Sell Utica Gathering Infrastructure
Appalachian pure-play Montage Resources Corp. has agreed to sell noncore natural gas gathering assets in Ohio’s Utica Shale to an undisclosed company for $25 million. Montage said an international company agreed to purchase the infrastructure, which is in a condensate development area. The transaction is expected to close in 4Q2020. Proceeds would be used to…
Northeast Natural Gas Infrastructure Woes Continue As Dominion Scuttles ACP, Sells Transmission, Storage Assets for $9.7B
Dominion Energy closed out the holiday weekend with two bombshell announcements, disclosing Sunday that it is selling its natural gas transmission and storage assets to an affiliate of Warren Buffett’s Berkshire Hathaway Inc. in a transaction valued at $9.7 billion. It also has decided, along with joint-venture partner Duke Energy, to cancel the 600-mile, 1.5…