Posts Authored by Matt W. Warnock

Construction to begin on Mountaineer XPress compressor stations

Construction is expected to begin around the end of January on three multi-million dollar compressor stations in Calhoun, Doddridge and Jackson counties in West Virginia as part of the recently approved Mountaineer XPress natural gas pipeline project, reports the Parkersburg News and Sentinel. The newspaper says each station will cost about $100 million. Columbia Gas Transmission’s 165-mile pipeline will stretch from West Virginia’s Northern Panhandle to Cabell County, West Virginia. For more, read the full story.

West Virginia

Ohio State engineers develop shale gas process that curbs emissions

Ohio State University reports that engineers at OSU are developing technologies that have the potential to economically convert fossil fuels, including natural gas, to useful products such as electricity without emitting carbon dioxide to the atmosphere. In the first of two papers published in the journal Energy & Environmental Science, OSU engineers report they have devised a process that transforms shale gas into products such as methanol and gasoline—all while consuming carbon dioxide. For more, read the full OSU release.

Ohio

API CEO calls for certainty in oil and gas infrastructure permit process

American Petroleum Institute CEO Jack Gerard is calling for greater certainty in government permitting, particularly in states where oil and natural gas infrastructure remains scarce, Route Fifty reports. Among the comments Gerard made in his recent 2018 “State of American Energy” address were that streamlining the permitting processes could help lower highest-in-the-nation energy costs in New England where natural gas prices spiked during the “bomb cyclone” that struck the region. Gerard said resistance to energy infrastructure projects is strongest in New England despite its access to natural gas in the nearby Marcellus shale region. For more, read the full story.

National

CNX will spend up to $880 million on drilling in Marcellus, Utica shale plays

CNX Resources plans to spend $790 million to $880 million on drilling in the Marcellus and Utica shale plays in 2018, and will add a fourth drilling rig in the second half of the year, according to the Pittsburgh Business Times. The newspaper says the Pennsylvania-based company expects to drill 75 oil and natural gas wells this year -- 60 in the Marcellus shale formation in Pennsylvania and West Virginia and 15 in the Utica in Pennsylvania and Ohio. For more, read the full story.

Ohio, Pennsylvania, West Virginia

Price of oil hits $70 a barrel, up nearly 50% since June

The New York Times reports that prices for Brent crude oil, the international benchmark, have risen nearly 50% since June 2018 and briefly passed $70 a barrel in Asian trading on January 16. The newspaper says the price hike comes during a period of political tension in Iran, a cold winter in the United States, a year of oil production cuts, a decline in oil stockpiles and “a buoyant global economy that has bolstered demand, meaning prices could go higher still.” For more, read the full story.

Global

West Virginia official optimistic about construction of energy projects by Chinese company

West Virginia Commerce Secretary Woody Thrasher says construction could begin this year in connection with a Chinese company’s $83.7 billion investment agreement to help develop the state’s energy and petrochemical industries, reports WV News. “In the three visits we’ve had (to China), there’s been a great sense of urgency (on the part of the Chinese),” Thrasher recently told state legislators when asked what activity may be seen in the next 12 to 24 months. In November 2017, Thrasher signed a memorandum of understanding with China Energy Investment Corp., which wants to take advantage of West Virginia’s supplies of Marcellus and Utica shale gas. For more, read the full story.

Global, West Virginia

CNX closes deal to acquire Noble’s stake in Cone Gathering

CNX Resources Corp. has closed on its $305 million acquisition of Noble Energy Inc.'s 50% interest in Cone Gathering LLC, which operates natural gas gathering systems in the Appalachian basin, reports the Pittsburgh Business Times. The newspaper says Cone Gathering owns the general partner interest and incentive distribution rights in Cone Midstream Partners LP, which is being renamed CNX Midstream Partners LP. CNX Resources said it will provide a minimum of 140 wells to CNX Midstream Partners to support distribution growth. For more, read the full story.

Ohio, Pennsylvania, West Virginia

Company to drill oil and gas wells at site of U.S. Steel plant in Pennsylvania

New Mexico-based Merrion Oil and Gas is preparing to drill wells on the site of U.S. Steel's Edgar Thomson works in western Pennsylvania’s Mon Valley and supply the steel company with natural gas for its mills, TribLive reports. The news site says Merrion plans to drill six wells on a single pad in North Versailles and hopes to start drilling by the third quarter of 2018. A Merrion spokesman said U.S. Steel will receive royalties in the form of natural gas instead of typical cash payments. For more, read the full story.

Pennsylvania

New proposal increases offshore drilling for oil and natural gas

A new five-year plan proposed by the Trump administration “would vastly expand offshore drilling [for oil and natural gas] around the United States, with leases available in the Atlantic and Pacific regions, as well as offshore Alaska and the Gulf of Mexico,” reports the Houston Business Journal. The newspaper says a new draft proposal for the National Outer Continental Shelf (OCS) Oil and Gas Leasing Program for 2019-24 would make more than 90% of OCS acreage available for exploration and development. The new draft proposal includes 47 potential lease sales: 19 off the coast of Alaska, seven in the Pacific Region, 12 in the Gulf of Mexico, and nine in the Atlantic Region. For more, read the full story.

National

Construction may begin this year on gas-fired power plant at former Ormet site

The former site of the Ormet Aluminum Corp. plant in Monroe County, Ohio is under development for a natural gas-fueled power plant, reports the Marietta Times. The newspaper says early projections that construction would begin on the 485-megawatt plant by the end of 2017 did not pan out. Now consultants for the Hannibal Port Power Project say permits for the plant have been acquired or are in the final stages of approval, and construction is to begin this year, according to the Times. For more, read the full story.

Ohio
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