DTE Energy subsidiary increases stake in Marcellus natural gas pipeline
Thursday, May 9, 2019
DTE Midstream, a subsidiary of DTE Energy, recently increased its stake in a natural gas gathering system in the Marcellus Shale, according to Power Engineering.
The company signed a deal with WGL Midstream Inc., to acquire an additional 30% interest in Stonewall Gas Gathering, an approximately 67-mile, 36-inch gas system located in West Virginia. DTE is paying $275.3 million to increase its ownership from 55% to 85%.
Completion of the deal is still pending until certain third-party rights, notice and elections are satisfied.
Learn more: Power Engineering > DTE Energy subsidiary increases ownership in Marcellus gas pipeline to 85 percent
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Shale FAQ
What is fracking?
Fracking is a slang term for hydraulic fracturing. Fracturing is a process by which highly pressurized fluid is pumped thousands of feet into the ground to fracture rock formations. The goal is to release the natural gas that’s locked inside the rock.
Is it safe?
What most concerns people about fracturing is ground water contamination. The worry is that fractures underground, caused by the process, will extending upwards and into aquifers, releasing gas and chemicals into the ground water supply. There’s been no confirmed reports of such a thing happening. Though surface spills and drill site blowouts can lead to localized environmental concerns.
Will my water catch on fire?
Flammable water is caused by the release of methane gas into a drinking water supply. Methane gas occurs naturally and can be released by any kind of drilling, including water wells. In Pennsylvania officials fined Chesapeake Energy $1 million for contaminating ground water with methane. It was determined that the company had not properly cemented it’s boreholes and gas migrated up the well, between rock and into aquifers.