EQT completes $6.6 billion acquisition of Rice Energy

EQT Corp. has completed its acquisition of Rice Energy Inc. following the recent approval of the $6.6 billion deal by EQT and Rice Energy shareholders , reports the Pittsburgh Business Times. The newspaper says the merger of the Pennsylvania-based companies, which operate in the Marcellus and Utica shale plays, creates the largest independent natural gas producer in the country. For more, read the full story.

Ohio, Pennsylvania, West Virginia

Study: Natural gas prices down significantly since start of Marcellus shale boom

A new study by researchers at the University of Pennsylvania has found that natural gas prices have "decreased significantly," including up to 40% for residential consumers, since the Marcellus shale drilling boom began 10 years ago, according to the Pittsburgh Business Times. Looking at data from between 2007 and 2016, the study also found that industrial and commercial natural gas costs fell between 44% and 65%, and commodity rates that distribution companies are permitted to charge customers dropped 72%. For more, read the full story.

Pennsylvania

Shell names new vice president to lead ethane 'cracker' project

Royal Dutch Shell has named Hilary Mercer as the new vice president for the company's ethane "cracker" plant project in Beaver County, Pennsylvania, reports the Beaver County Times. The newspaper says Mercer, who has spent the last 30 years working for Shell in a variety of roles, replaces Ate Visser, vice president of the project since 2014. Mercer will oversee all aspects of the Beaver County project, including construction of the plant, safety issues, production and customer relations. For more, read the full story.

Pennsylvania

Energy Transfer Partners closes sale of stake in Rover Pipeline

Business Wire reports that Energy Transfer Partners has announced that its subsidiaries, Energy Transfer Interstate Holdings and ET Rover Pipeline (“HoldCo”), have closed the previously announced sale of a 49.9% interest in HoldCo to Blackstone Energy Partners. As a result of the closing, HoldCo is now owned 50.1% by Energy Transfer and 49.9% by Blackstone. Upon completion, the 713-mile Rover Pipeline will be able to transport 3.25 billion cubic feet of natural gas per day from the Marcellus and Utica shale plays to markets across the United States and in Canada. For more, read the full story.

National, Ohio, Pennsylvania, West Virginia

South Korean company acquires stake in Eureka Midstream Holdings

Eureka Midstream Holdings LLC, which is focused on the Appalachian oil and natural gas basin, has announced a new ownership structure in which SK Holdings Co. Ltd. of South Korea takes an ownership stake in the company, according to Oil & Gas Financial Journal. The news site says Blue Ridge Mountain Resources Inc., formerly known as Magnum Hunter Resources, has agreed to divest 100% of its equity investment in Eureka Midstream. Blue Ridge had been in an equity partnership in Eureka with Morgan Stanley Infrastructure Inc., which now has entered into a new partnership with SK Holdings. For more, read the full story.

Ohio, Pennsylvania, West Virginia

Federal court upholds approvals for LNG projects

The Associated Press reports that a three-judge panel of the U.S. Court of Appeals for the District of Columbia Circuit has upheld U.S. Department of Energy decisions approving three projects to export liquefied natural gas (LNG), including Dominion Energy's export terminal in Cove Point, Maryland that will use natural gas from the Marcellus and Utica shale plays. The news service says the Sierra Club was seeking to overturn approvals for Dominion’s terminal as well as ones in Louisiana and Texas, claiming they would increase air and water pollution and contribute to global warming. But the three-judge panel ruled in a unanimous opinion that the Energy Department fulfilled its legal obligations in approving the projects under the National Environmental Policy Act and other laws. For more, read the full story.
 

National, Ohio, Oil & Gas Litigation, Pennsylvania, West Virginia

Companies break ground for natural gas-fired power plant in Pennsylvania

Competitive Power Ventures (CPV), GE and Osaka Gas recently broke ground for their natural gas-fired power plant near Johnstown, Pennsylvania. Located 60 miles east of Pittsburgh, the CPV Fairview Energy Center is a $700 million, 1,050-megawatt natural gas and ethane-fueled combined-cycle generating station that is expected to begin commercial operations in early 2020. For more, read the GE news release.

Pennsylvania

Shell’s ethane ‘cracker’ project strains construction workforce

The expected need for as many as 6,000 construction workers for Royal Dutch Shell’s ethane “cracker” plant project in Beaver County, Pennsylvania is “likely to put a strain on the [construction] industry, which is feverishly working to train new apprentices to build up the region’s workforce,” reports the Pittsburgh Business Times. The newspaper also notes that firms “putting up stakes around the cracker” will need construction workers as will other projects throughout the region in a variety of industries. “What we foresee in 2018 into 2019 and going forward is billions of dollars of construction taking place in this region,” said Jeff Nobers, executive director of the Builders Guild of Western Pennsylvania, “so the challenge for us is to recruit people.” For more, read the full story.

Pennsylvania

Range Resources executive says Appalachian basin can expect lower production

A Range Resources executive says natural gas production in the Appalachian basin cannot continue on its current rapid upward trajectory despite improved drilling and well-completion techniques, Platts reports. Range Senior Vice President Alan Farquharson told the energy news site that Appalachian producers will eventually experience “sweet spot exhaustion,” and will have to turn to tier two and tier three wells resulting in lower productivity per well. For more, read the full story.

Ohio, Pennsylvania, West Virginia

Company proposes natural gas pipeline to serve northeast Ohio

RH energytrans has filed an application with the Federal Energy Regulatory Commission for a 60-mile pipeline project that would connect natural gas production in northwest Pennsylvania to markets in northeast Ohio, reports Marcellus Drilling News. The site says the pipeline route begins in the Meadville, Pennsylvania area and extends northwest to Ashtabula County, Ohio. The company said there is a need for additional natural gas supplies in the Ashtabula area to enhance business development and serve as a back-up for residential gas service. Click here to read more.

Ohio, Pennsylvania
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