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Mountain Valley Pipeline Outlines Plan to Achieve Carbon Neutrality
07/31/2021
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%.
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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.
Williston Basin Overview: 2022 vs 2023, Bakken Shale, Operators, Deals, 2024 Update
The Williston Basin is a big area filled with layers of rock that sits next to the Rocky Mountains in western North Dakota, eastern Montana, and the southern part of Saskatchewan in Canada. This area covers roughly 110,000 square miles. Geologically, it's very similar to the Alberta Basin in Canada. People started drilling for oil in the Williston Basin back in 1936, and by 1954, most of the land where oil could likely be found was already claimed for drilling. The Bakken Formation with parts of Montana, North Dakota, Saskatchewan, and Manitoba has become one of only ten oil fields globally to yield over 1 million barrels per day (bpd) since the late 2000s. It is currently the third-largest U.S. shale oilfield, behind the Permian and Eagle Ford. The boom in the Bakken started around September 2008, coinciding with the U.S. housing market crash. The application of new technologies, such as swell packers enabling multiple-stage fracturing, significantly enhanced oil recovery, making the Bakken Formation a key player in the U.S. In 2022, the Bakken oil field saw big improvements in how much oil and gas it could produce. At the start of the year, 27 drilling rigs were working there, more than double the 11 rigs from the start of 2021. Important upgrades included making the Tioga Gas Plant able to process 150 million cubic feet more gas each day, and making the Dakota Access Pipeline bigger, increasing its oil transport capacity from 570,000 to 750,000 barrels every day.
The Williston Basin is a big area filled with layers of rock that sits next to the Rocky Mountains in western North Dakota, eastern Montana, and the southern part of Saskatchewan in Canada. This area covers roughly 110,000 square miles. Geologically, it's very similar to the Alberta Basin in Canada. People started drilling for oil in the Williston Basin back in 1936, and by 1954, most of the land where oil could likely be found was already claimed for drilling. The Bakken Formation with parts of Montana, North Dakota, Saskatchewan, and Manitoba has become one of only ten oil fields globally to yield over 1 million barrels per day (bpd) since the late 2000s. It is currently the third-largest U.S. shale oilfield, behind the Permian and Eagle Ford. The boom in the Bakken started around September 2008, coinciding with the U.S. housing market crash. The application of new technologies, such as swell packers enabling multiple-stage fracturing, significantly enhanced oil recovery, making the Bakken Formation a key player in the U.S. In 2022, the Bakken oil field saw big improvements in how much oil and gas it could produce. At the start of the year, 27 drilling rigs were working there, more than double the 11 rigs from the start of 2021. Important upgrades included making the Tioga Gas Plant able to process 150 million cubic feet more gas each day, and making the Dakota Access Pipeline bigger, increasing its oil transport capacity from 570,000 to 750,000 barrels every day.
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.