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Northeast Pipeline Expansion Pre-Filing Application Withdrawn
07/19/2017
With Access Northeast Suspension, No Relief In Sight For Gas-Starved Region. Over 800 power plants still need fuel.
Algonquin Gas Transmission, a unit of Enbridge Inc. (NYSE: ENB) withdrew its application with the Federal Energy Regulatory Commission (FERC) on June 29.
The $3.2 billion project would have expanded or upgraded about 125 miles of the Algonquin Pipeline system, which moves natural gas to the Boston area from an interconnect with the Texas Eastern Pipeline in New Jersey. The expansion would have added about 1 billion cubic feet per day (Bcf/d) of capacity to the pipeline, which has capacity of about 3.1 Bcf/d.
However, the project, originally proposed by Spectra Energy Partners LP in 2015 before its acquisition by Enbridge, developing financing issues. The Massachusetts Department of Public Utilities (DPU) approved a surcharge on customers to recoup associated costs of construction, but that decision was overruled by the Massachusetts Supreme Judicial Court. That has made it difficult for the project to secure customers.
According to Rextag Energy Data, only in the 50-mile area around New York City, there are 100 operational power plants with a total capacity of 23,3 GW (Gigawatts) (or 23,300 MW (Megawatts)).
Many of these power plants along with information on transmission lines and substations can be found on the Rextag complete and up-to-date U.S. Power Grid Map.
Sources: www.midstreambusiness.com, Rextag Energy DataLink
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Northeast in Need For Gas. Lacking Pipeline Investment
The Northeast has a got a severe fuel infrastructure constraint.
New Territories, New Opportunities: Continental's Acreage Addition in Midland
Continental Resources is expanding its operations in the Midland Basin, including taking over some assets that used to belong to Occidental Petroleum. The company plans to use its expertise in exploration in this area.
Continental Resources is expanding its operations in the Midland Basin, including taking over some assets that used to belong to Occidental Petroleum. The company plans to use its expertise in exploration in this area.
Equinor and EQT Corporation have agreed that Equinor will exchange its operated assets in the Marcellus and Utica shale formations in Ohio for a stake in EQT’s non-operated interests in the Northern Marcellus formation.
Appalachian Basin (formerly Marcellus and Utica) covers most of New York, Pennsylvania, Eastern Ohio, West Virginia, and Western Maryland in the north, reaching down to parts of Northwest Georgia and Northeast Alabama in the south. The basin is massive, covering about 185,000 square miles, roughly 1,000 miles long from northeast to southwest, and in some places, it's up to 300 miles wide. In this area, some major companies are making significant investments. EQT stands out as the largest producer in the Appalachian Basin, with other key players including Chesapeake, Range Resources, Antero, Repsol, and Gulfport also actively investing.