EQT Posts $110.9 Million Profit In Latest Quarter

EQT Corp. turned a profit as it continues to pull more natural gas from the Marcellus shale and move it to markets on the company’s midstream pipeline systems.

The Pittsburgh-based energy company early Thursday announced it posted $110.9 million in net income, or 73 cents per share, during the three months that ended June 30. That’s a 27 percent increase over the $86.9 million profit on 58 cents a share it recorded in the same quarter last year.

Read more: http://triblive.com/business/headlines/6495024-74/million-quarter-company#ixzz38OzSWrov
Follow us: @triblive on Twitter | triblive on Facebook

Sunoco To Pipe Shale Gas Through Clay, West Cocalico Townships

English: Sunoco Logo (Photo credit: Wikipedia)

A decommissioned underground pipeline that once carried gasoline across the state and through Lancaster County could see new life from the Marcellus shale gas boom.

Representatives of Sunoco Inc., of Philadelphia, have recently been in West Cocalico and Clay townships doing site surveys and scouting locations for a pumping station needed as part of a statewide retrofit of the pipeline so that it can transport natural gas to a facility in Delaware.

“Mariner East 1 is a project to transport natural gas liquids (NGLs), also called liquefied petroleum gases (LPGs) from the Marcellus and Utica shales in Western Pennsylvania, Ohio and West Virginia to the Marcus Hook Industrial Complex on the Pennsylvania/Delaware border,” Sunoco representative Jeff Shields wrote in an email Nov. 20.

The Mariner East 1 project would stretch from a Sunoco facility just outside Houston, Pa., in Chartiers Township, Washington County, to its transportation hub in Marcus Hook, Delaware County, or a distance of about 300 miles.

Read more: http://lancasteronline.com/article/local/921971_Sunoco-to-pipe-shale-gas-through-Clay–West-Cocalico.html#ixzz2lJHodFsv

Pipeline Giant Putting Down Roots In Tunkhannock

Map of Pennsylvania highlighting Wyoming County (Photo credit: Wikipedia)

TUNKHANNOCK — Two months ago, Helen Humphreys sat in her cluttered Williams Energy field office downtown in this Wyoming County borough surrounded by exhibit displays and stacks of binders.

Outside the room, clerical employees and field workers shuffled around each other in the converted credit union building. Technicians’ gear and road signs were stacked in corners neatly, but obviously out of place in the former bank.

It was not a scene you’d expect for an operator of some of the country’s largest pipeline systems. Williams has grown from six employees in Northeastern Pennsylvania to more than 100 in a 2 1/2 years, and the growth has inspired construction of the company’s new field office on the outskirts of town, said Mike Dickinson, a Williams operations manager.

Humphreys, a strategic outreach coordinator for the company, kicked off a ceremonial groundbreaking Monday to announce Williams’ new 30,000-square-foot field office to be completed by spring 2014.

Read more:  http://www.timesleader.com/news/local-news/711932/Pipeline-giant-putting-down-roots-in-Tunkhannock

UGI Energy To Be Part Of $1 Billion Pipeline

Spring Township-based UGI Energy Services Inc. has joined with Inergy Midstream LP and Capitol Energy Ventures Corp. to market and develop a $1 billion natural-gas pipeline known as the commonwealth pipeline.

The proposed 200-mile, 30-inch pipeline is expected to be in service by 2015.

Inergy Midstream, Kansas City, Mo., will build and operate the pipeline and be funded equally by the companies.

UGI Energy Services and Capitol Energy Ventures Corp., a subsidiary of WGL Holdings Inc., Washington D.C., are expected to execute the agreements to become anchor shippers on the line.

Read more: http://readingeagle.com/article.aspx?id=368689