Mountain Valley Pipeline Stocks List
The Mountain Valley Pipeline is a joint venture project of Mariposa Energy LLC of San Antonio TX, and Equitrans LP. Their plan is to construct a pipeline that will transport natural gas. In total the project will consist of 304 miles of pipelines with an additional 8 miles as part of the Equitrans Expansion Project, which will help to connect new and existing pipelines throughout the region.The evidence of a market demand and Federal Energy Regulatory Commission (FERC) Certificate policy requires at least 25 percent of the Mountain Valley Pipeline's capacity to deliver natural gas, be met by service contract agreements in order to justify the need for the project. Mountain Valley was able to secure these service contracts allowing them to proceed with the proposed project. When the pipeline is completed it will have the ability to ship 2 million dekatherms (Dts) of natural gas per day for distribution, with a large quantity of that gas being produced from the Marcellus and Utica shale formations.Opposition was met during the initial request to obtain a certificate of convenience and necessity from the FERC. Some of the issues raised by citizen groups include the right of eminent domain and the potential for negative impacts to the forests, waterways, and protected wildlife during construction. A ruling by U.S. District Court Judge Elizabeth Dillon on January 31, 2018 granted the right of eminent domain to Mountain Valley in a disputed area but required current appraisals and bonds be set forth to compensate for any losses incurred by the land owners. Currently the Mountain Valley Pipeline is in the preliminary phases of construction.
Local summaries from the Mountain Valley Pipeline Project website suggest it has the potential to bring in state and local tax revenue along with jobs and economic growth to Virginia and West Virginia, a region where the impacts from a decline in the coal industry has caused a ripple effect that spans across the entire coal industry ecosystem. The American Petroleum Institute claims that benefits from the pipeline could increased natural gas availability while providing a cleaner and cheaper alternative fuel source for American consumers. There are concerns however from communities that will be impacted by the pipeline's construction and interest groups who want to preserve historical landmarks, forests, wildlife, waterways, and parks. Specific questions were raised regarding the need for the project and its purpose. Additional inquiries called in to question whether there were alternatives to avoid impacts to the forest among other things which were detailed in the Final Environmental Impact Statement, along with recommendations by the FERC to minimize the impacts on the environment.