Updates
Later, 7:05 p.m. CT: speaking of "Rover" -- this just in -- moments ago from ArgusMedia --
Energy Transfer Partners (ETP) said its Rover natural gas pipeline will not reach completion until the second quarter, up to three months later than its earlier estimate. Delay due to a regulatory issue which has since been resolved.Later, 6:44 p.m. CT: see first comment --
Regarding EQT ...
The acquisition of Rice will not only enable much longer laterals (there are NO geometric, pre-set drilling units in Eastern states. Contiguous acreage is invaluable for efficiency), Rice's recognized drill skills will be a huge boost for the new company.
The article mentioned the 1.9 Bcfd Mountain Valley pipe coming online this year - one of 2 opening up the south.mid Atlantic to vast gas supplies (the other being the Atlantic Coast pipeline).
Another massive pipe - Mountaineer Xpress - is under construction and - at 2.7 Bcfd - is almost as big as the well recognized Rover.
This time next year, Appalachian Basin output will soar.
Original Post
Story at ArgusMedia, EQT:
- largest natural gas producer in the US when it acquired Rice Energy last year
- acquisition resulted in proven reserves of 21.4 Tcf of natural gas equivalent
- sold 3.2 Bcfe/d by end of 4Q17
- the acquisition hastened the spin-off
- EQT Midstream Partners will merge with Rice Midstream Partners
- result: will become the third largest gathering footprint in the US
Another investing opportunity while waiting for the Saudi Aramco IPO.
Disclaimer: this is not an investment site. Do not make investment or financial decisions based on what you read here or think you may have read here. If this is important to you, go to the source.
******************************
@Tesla Charts
These charts are coming out of nowhere, several every few hours; not sure how one can do so many of these charts so fast. Oh, that's right. This is Tesla.
No comments:
Post a Comment