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Energy Transfer to Finish Mariner East Expansion in Pennsylvania Despite Opposition
08/20/2021
Energy Transfer LP said on July 21 it plans to finish the final phase of its long-delayed Mariner East 2 NGL pipeline expansion in Pennsylvania in the third quarter despite calls by county commissioners to shut some operating parts of the system. Chester County Commissioners asked the Pennsylvania Public Utility Commission (PUC) to shut the operating Mariner East 1 and a 12-inch (30-cm) “workaround” pipe being used by the Mariner East 2 expansion.
The county commissioners said several sinkholes have developed this year near the Mariner East 2 construction site in West Whiteland Township in southeastern Pennsylvania about 30 miles (48 km) west of Philadelphia.
Energy Transfer’s Sunoco Pipeline unit used an existing 12-inch pipe—the so-called “workaround” pipe—to allow the 20-inch Mariner East 2 to enter service in December 2018 after numerous delays related to sinkholes and drilling fluid spills slowed the project’s construction.Mariner East transports liquids from the Marcellus/Utica shale in western Pennsylvania to customers in the state and elsewhere, including international exports from Energy Transfer’s Marcus Hook complex near Philadelphia.
Sunoco started work on the $2.5 billion Mariner East expansion in February 2017 and planned to finish the 350-mile (563-km) pipeline in third-quarter 2017.
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Rail Permit for New Fortress to Ship LNG Expired, Putting Future Projects at Risk
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Uncertainty grows: as New Fortresses permit to ship LNG by rail expires, PHSMA explores temporal pausing of the method to provide more time to study safety-related issues. The news prompts one to wonder whether Fortress will proceed with its Pennsylvanian LNG project, in which it has already sunk about $159 million in development.
$113 Million Transaction Baytex Energy Sells Off Crude Oil Holdings in Western Canada
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Baytex Energy Corp., a prominent oil and gas company, has struck a deal to sell part of its Viking assets located in Forgan and Plato, southwest Saskatchewan. The transaction sealed at CAD 153.8 million (approximately US$113.23 million).
Baytex Energy Corp., a prominent oil and gas company, has struck a deal to sell part of its Viking assets located in Forgan and Plato, southwest Saskatchewan. The transaction sealed at CAD 153.8 million (approximately US$113.23 million).
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This summer, J.P. Morgan Securities highlighted Endeavor Energy Resources as the Midland Basin's standout in mergers and acquisitions, suggesting its value might approach $30 billion. Endeavor Energy Resources, a privately-owned entity in Midland focusing solely on its operations, has seen a significant uptick in production. It now boasts a production rate of 331,000 barrels of oil equivalent per day (boe/d), marking a 25% increase from the previous year.
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WhiteHawk Energy has recently completed a significant acquisition in the Marcellus Shale, investing $54 million. This deal has effectively doubled their mineral and royalty ownership in the Marcellus Shale, particularly in Greene and Washington counties in Pennsylvania. This region is noted for its high-quality natural gas reserves. WhiteHawk’s Marcellus assets now encompass approximately 475,000 gross unit acres, featuring production from about 1,315 horizontal shale wells. In addition to this, they own interests in 72 wells-in-progress, 64 permitted wells, and nearly 900 undeveloped Marcellus locations. This acquisition is expected to double WhiteHawk's net revenue interest in each well within its Marcellus holdings.