Comprehensive Energy Data Intelligence

Information About Energy Companies, Their Assets, Market Deals, Industry Documents and More...

Mountain Valley Pipeline Outlines Plan to Achieve Carbon Neutrality

Mountain Valley Pipeline LLC is aiming to resolve concerns regarding its ecological consequences through a newly disclosed plan to buy carbon offsets for its energy transition.

The company would obtain energy transitions to keep the pipeline's operational carbon neutral for the very first decades of service, according to the proposal. As shown in a press statement issued on July 12, it would also make it one of the first statewide natural gas transmission pipelines to obtain energy transition for its operational emissions.

According to Diana Charletta, COO and president of Equitrans Midstream, the Mountain Valley Pipeline's operator, they are aware of the sensitivity of large-scale building projects combined with environmental sustainability.

The pipeline is a planned underground natural gas pipeline that runs approximately 303 miles across northwestern West Virginia to southernmost Virginia. It has been delayed multiple times, owing to legal and regulatory battles with environmental and community groups.

Mountain Valley Pipeline LLC is scheduled to begin operations in the summertime of 2022, transporting natural gas from the Utica and Marcellus shale areas to markets in the Southeast and Mid-Atlantic regions of the United States. The pipeline, which started building in February 2018, was supposed to be operational by late 2018.

The environmental officials in Virginia have also asked the U.S. Army Corps of Engineers to extend the assessment time for the pipeline's water security certification applications, which Equitrans Midstream disclosed in May.

On the other hand, Mountain Valley is expecting to buy more than $150 million of carbon offsets during its first ten years in business. These carbon offsets will be generated via a methane abatement program in Virginia, which is expected to hit full operation in 2023, according to a contract with a company of NextEra Energy Resources.

The methane abatement project, once accomplished, is planned to be the world's biggest of its sort, according to Matt Schafer, VP of interstate pipelines for NextEra Energy Resources, which also holds shares in the pipeline.

The company also stated in the press release that it is continuing to expand its ecological stewardship and preservation efforts in Virginia. Hence, it is currently investigating new techniques for decreasing greenhouse gas emissions and conserving critical resources.

Mountain Valley Pipeline is also managed by Consolidated Edison Inc., AltaGas Ltd., and RGC Resources, in relation to NextEra Energy and Equitrans.

This Energy Transition Looks Safe

The year 2020 could be regarded as a pivotal point in the energy transition. According to industry professionals, it is the time when carbon neutrality global demand rises compared to fossil fuels.”

According to propane industry experts, refineries designed to generate sustainable diesel may also produce renewable propane as a byproduct. This year, renewable propane has been a hot issue in the business. Because it has a renewable component, conventional propane, which is already clean, is included in the all-important renewable energy.

The energy transition must be "safe," with energy production chains offering high-quality services for people's everyday lives, commercial operations, and government services.

Fossil fuels and well-established standard technologies still lead the industry energy sector today. In 2019, oil, coal, and natural gas contributed roughly 85 % of primary energy, with sustainable energy accounting for about 12 % and nuclear accounting for 4%.

The energy transition entails connecting the end platform with renewable resources via suitable energy technologies in an accessible system, with the goal of increasing the share of sustainable energy to at least 90%, though not 100%.

Back

Pipeline

NGL Energy Partners Sets Open Season for Grand Mesa Pipeline, LLC

NGL Energy Partners LP conducts an open season for Grand Mesa Pipeline, LLC, which carries crude oil from the Denver-Julesburg Basin going to the Cushing hub.

Oil output in the Permian Basin in Texas and New Mexico is supposed to go up 88,000 bbl/d to a record 5.219 million bbl/d in June, as the U.S. Energy Information Administration (EIA) announced in its report on May 16. Additionally, gas productivity in the Permian Basin and the Haynesville in Texas, Louisiana and Arkansas will rise to record highs of 20 Bcf/d and 15.1 Bcf/d in June, respectively. Given that this growth has been expected, recent global market changes make forecasting the output even more challenging. Learning how production will change is easier with early activity tracking, a new service recently launched by Rextag – Pad Activity Monitor. With the help of PAM, you are able to monitor well pad clearing, drilling operations, fracking crew deployment and completions with new data collected approximately every 2 days. Additionally, it cuts down activity reporting lag times by at least 98%, from 120-180 days down to just 5-8 days. In order to access reports, charts, tables, and mapping visualizations via Rextag’s Energy DataLink use a web-based application allowing users to filter, download and identify activity on a map or data table. Moreover, customers will be able to set up daily, weekly, and monthly email report notifications.

The EIA forecasts that total output in the main U.S. shale oil basins will increase 142,000 bbl/d to 8.761 million bbl/d in June, the most since March 2020. Oil productivity in the Permian Basin in Texas and New Mexico is supposed to go up 88,000 bbl/d to a record 5.219 million bbl/d in June, as the U.S. Energy Information Administration (EIA) announced in its report on May 16. In the largest shale gas basin, the productivity in Appalachia in Pennsylvania, Ohio and West Virginia will grow up to 35.7 Bcf/d in June, its highest since beating a record 36 Bcf/d in December 2021. Gas output in the Permian Basin and the Haynesville in Texas, Louisiana and Arkansas will rise to record highs of 20 Bcf/d and 15.1 Bcf/d in June, respectively. Speaking of the Permian future output, putting hands on upcoming changes in production has recently been made easier with the new Rextag's service - Pad Activity Monitor. Thanks to satellite imagery and artificial intelligence, customers are able to monitor the oil and gas wells and are provided with near real-time activity reports related to drilling operations. However, it is noticed that productivity in the largest oil and gas basins has decreased every month since setting records of new oil well production per rig of 1,544 bbl/d in December 2020 in the Permian Basin, and new gas well production per rig of 33.3 MMcf/d in March 2021 in Appalachia.

No sooner had the crude prices soared above $100/bbl than the industry professionals believed in an incredible growth of drilling activity in North America’s largest shale patch. Analysts speculate that additional output of 500,000 barrels of oil daily would become a significant part (4%) of overall U.S. daily production. That is going to flatter oil and gasoline prices. Drilling permits in the Permian Basin are persistently growing, averaging approximately 210 at the beginning of April. Moreover, the permits trend is noticed as an all-time high as a total of 904 horizontal drilling permits were awarded last month. Nowadays, learning and analysing the current situation and predicting the future development become easier with early activity tracking, a new service recently launched by Rextag. Rextag's Pad Activity monitor (PAM) allows you to see well pad clearing, drilling operations, fracking crew deployment and completions with new data collected approximately every 2 days with the help of satellite imagery and artificial intelligence. While the increase in drilling will result in higher production, U.S. shale producers will have to overcome several hurdles including labor shortages and supply constraints.

2022 blog posts