Rick Perry expects Appalachia to take global petrochemical market share

In a speech at the annual National Petroleum Council Meeting on Tuesday, Energy Secretary Rick Perry said that the Appalachian region will advance the U.S.’s global petrochemical market share, according to the Washington Examiner. However, he also said the region needs an ethane storage hub to realize this potential. For more, read the full story.

 

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Top U.S. shale firms pledge $100 million to negatively affected areas

The new Permian Strategic Partnership, comprised of 17 top energy companies, formed to contribute $100 million to ease substantial negative effects felt in the Permian Basin from the regional shale oil and gas boom, according to Reuters. The money will aim to improve labor and housing shortages, overtaxed health care, traffic congestion, and more social and economic woes.  For more, read the full story.

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Appalachian Basin sees $25B in new investment through power plants

Energy in Depth recently reported that the growth of natural-gas powered energy plants in the Appalachian Basin has created more than $25 billion in new investment, according to The Business Journal. The report additionally assessed the number of new power plants in various stage of development or operation at 29, possibly amounting to a total of 17,800 new, locally sourced construction jobs. For more, read the full story

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Second Circuit follows lead of Seventh: Nuke subsidies upheld

On September 27, 2018, the Second Circuit Court of Appeals issued its decision in Coalition for Competitive Electricity v. Zibelman, 2nd Cir. No. 17-2654, 2018 U.S. App. LEXIS 27605 (Sep. 27, 2018). This decision, which follows the Seventh Circuit’s decision in Elec. Power Supply Assn. v. Anthony M. Star, summarized here, is the second decision in the span of two weeks to affirm a state’s subsidization of nuclear generation facilities. As in Star, the principal issue in Zibelman was whether the Federal Power Act, specifically 16 U.S.C. § 824(b)(1), which provides that the Federal Energy Regulation Commission (FERC) is to regulate the sale of electricity in interstate commerce, and the states are to regulate local distribution and the facilities used to generate power, preempts a state law that seeks to subsidize some of the state’s nuclear generation facilities in the form of zero emission credits (ZEC) credits. Following the Seventh Circuit’s lead, the Second Circuit held that the state program was not preempted by the Federal Power Act; however, the decision differed in two main respects. For more, read the full publication.

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EnerVest names new president

Judson B. Walker has been named the new president of EnerVest Ltd, according to Globe Newswire. In this capacity, he will be responsible for managing the direction of EnerVest alongside CEO John B. Walker. For more, read the full story

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Ohio and Oklahoma drilling expansions boost Gulfport production

Gulfport Energy Corp. saw a 28 percent production increase of natural gas equivalent in the second quarter, led by its recent drilling expansion into Ohio and Oklahoma, according to NewsOK. Ohio’s Utica Shale was especially successful, producing almost 97 billion cubic feet of natural gas equivalent. For more, read the full story

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FERC unlikely to act on pipeline review before Powelson exit

The Federal Energy Regulatory Commission (FERC) will not take any surprise action on its pipeline policy review at its Thursday open meeting, as comments are still coming in until July 26, Commissioner Cheryl LaFleur said Tuesday. FERC will instead focus on a slate of individual orders before Commissioner Robert Powelson steps down next month. For more, read the full story

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Shale gas revolution expected to continue growing

After a decade of transformative progress, economic growth from the shale gas revolution is not projected to slow down anytime soon, according to Forbes. IHS Markit recently reported its projection for natural gas production to expand by another 60% within the next two decades. For more, read the full story.

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Former EPA official becomes acting agency leader

Following the resignation of EPA deputy administrator Scott Pruitt, Ohio native Andrew Wheeler will be filling the role for at least a year, according to the Columbus Dispatch. If President Trump decides to nominate Wheeler to the position permanently, a Senate vote would be required. For more, read the full story

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Massive power plant construction planned in Virginia

Construction of the gas-fired Chickahominy Power Station, so massive that it ties for the position of largest natural gas-fired plant ever built, will soon begin in Charles City County, according to the Marcellus Drilling News. Charles City County is located between the cities of Richmond and Jamestown, near the Chickahominy River. For more, read the full story.

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