Wednesday, March 6, 2013

New York Farmers Will Probably Enjoy This Little Gem: The Bluegrass Pipeline; Meanwhile, New York Assembly Votes To Block Fracking Until 2015

Updates

March 6, 2013: New York Assembly votes to ban fracking until 2015
The New York State Assembly passed legislation on Wednesday that extends the moratorium on high-volume hydraulic fracturing in the state until May 2015 and requires further studies on the environmental impact of the practice better known as fracking.
A moratorium on fracking has been in place in the Empire State since 2008 due to concerns the process, which involves pumping chemical-laced water and sand deep below the surface to extract natural gas from shale, can contaminate water supplies.
The current legislation applies to the Utica and Marcellus shale gas deposits, some of the most significant in the country. It requires a full review process, including a new study to look at the potential public health impact.
Cue up Connie Francis.

Original Post

Another pipeline: this natural gas pipeline will take natural gas from infrastructure-constrained Pennsylvania and ship it to the US Gulf Coast, where this is an absolute boom of new petrochemical activity. This is quite incredible.

From Yahoo! In-Play:
Williams Cos and Boardwalk (BWP) to pursue joint development of NGL pipeline system to transport Marcellus, Utica mixed NGLs to growing petchem and export markets: Williams and Boardwalk Pipeline Partners (BWP) announced that they have executed a letter of intent to form a joint venture that would develop a pipeline project to transport natural gas liquids from the infrastructure-constrained Marcellus and Utica shale plays to the expanding petrochemical and export complex on the U.S. Gulf Coast, as well as the developing petrochemical market in the Northeast U.S.
The proposed "Bluegrass Pipeline" design would provide producers with 200,000 barrels per day of mixed NGLs take-away capacity in Ohio, West Virginia and Pennsylvania.
The proposed pipeline could be increased to 400,000 barrels per day to meet market demand, primarily by adding additional liquids pumping capacity. It would deliver mixed NGLs from these producing areas to proposed new fractionation and storage facilities, which would have connectivity to petrochemical facilities and product pipelines along the coasts of Louisiana and Texas.
Williams and Boardwalk are also exploring development of a new export liquefied petroleum gas terminal and related facilities on the Gulf Coast to provide customers access to international markets. 
New York state still bans fracking. New York farmers are looking across the New York/Pennsylvania state line at all those new tractors being bought, all those farmsteads being renovated; meanwhile New York state dithers, mostly raising taxes, banning Big Gulp, and hunkering down for this weekend's global warming wallop.

Another pipeline that does not need SecState approval.
  
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Meanwhile, more Utica infrastructure, from same source:
Crosstex Energy agrees to invest $50 mln in new Utica Shale natural gas compression and condensate stabilization facilities: Co and Crosstex Energy, L.P. announced that the Corporation has joined with the former management of Enerven Compression Services to form a new company (E2) that will provide services for producers in the liquids-rich window of the Utica Shale play. The initial investment of approximately $50 million will include new natural gas compression and condensate stabilization facilities. This investment will complement the Partnership's assets in the Ohio River Valley, which encompass crude oil, condensate and logistics operations in the Utica and Marcellus Shale plays.
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As noted above, the US Gulf Coast enjoying a resurgence in economic activity.

From same source:
Oiltanking Partners announces LPG dock expansion in connection with new Enterprise Products Partners agreement : Co announced an expansion of the Partnership's relationship with Enterprise Products Partners and plans to significantly increase its ability to import/export liquefied petroleum gas ("LPG") at its terminal on the Houston Ship Channel. In connection with the agreement with Enterprise, which runs through 2026, the Partnership will construct a new vessel dock and add infrastructure to existing docks with the capability of handling significantly more LPG vessels at multiple docks. The $44 million expansion is expected to be completed by the end of the fourth quarter of 2014.

4 comments:

  1. The political leadership of New York and their supporters would likely be more comfortable with the politics of today's Venezuela. Sadly New York is afraid of economic vitality. They are lock into their New York City and think that is the only place of importance. The rest of the state is to be denied opportunity so the elites from the city can have a quit countryside to relax with no economic activity going on to disturb their rest. Upstate New York is a mess and has been for along time. New York, California, Illinois, even Minnesota is there any difference? Not much.

    Now that their despot leader is dead, hopefully Venezuela uses this opportunity for needed reform. However this shouldn't be use as an excuse to deny expanding oil imports from Canada.

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    1. With the little I know about the new leader of Venezuela, I'm not sure their citizens are going to be much better off. Cuba, I see, has some anxiety.

      But New York upstate, must be going nuts with "directions" from NYC. My hunch is that upstate New Yorkers aren't a whole lot different than salt-of-the-earth NoDaks.

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  2. Wow, That is so true! Very arrogant thinking! It's amazing how narrow minded people think! It really is sad to watch that reasoning! I grew up around that mindset. We all deserve better. I'm happy that some states can see the light at the end of the tunnel. we have a country with a lot of struggling people. That think they need a lot more government help...

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    1. Forty years from now when oil companies are still fracking, the boiler plate will continue to appear in every east coast/west coast/Minnesota publication that mentions fracking: "a controversial drilling process."

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