The first gas field on land is ready to go, and it’s on its way to New York City.
Scana Natural Gas, a company that was formed in 2011 to explore natural gas in New York state, is one of the companies expected to win the race for the most powerful natural gas drilling platform in the country.
The company announced Tuesday that it would take over the Stony Brook-based Natural Gas Energy Corporation from its longtime owner, FirstEnergy, a unit of Exxon Mobil Corp. and owner of the Dakota Access Pipeline.
The Stonybrook company had planned to take over in 2019.
Scenic Pipeline and its subsidiary, the Natural Gas Pipeline, are both owned by the company.
Scena’s drilling rig, the New York-to-Lubbock Pipeline, is due to begin operations on May 14, 2018.
“The next stage of the pipeline will be for our rig to be delivered to our customers at the St. Lawrence Basin, a major natural gas field in North Texas, in a few weeks,” Scena CEO Jim Wintle said in a statement.
Scanas oilfield is expected to generate up to 1 million barrels of oil per day, or roughly $1.5 billion a year.
The pipeline will bring natural gas to the East Coast, where it will be piped through pipelines to ships and terminals.
The gas will then be shipped to refineries and markets around the world.
A $1 billion loan from the Department of Energy, which was part of the deal, is also on the table for Scana.
The new deal is one more sign that Scana and its partners will win over investors and regulators who are eager to see the energy revolution transform the energy industry.
The deal will make Scana the second-largest natural gas producer in the United States, behind only natural gas provider Cenovus Energy, according to data compiled by Bloomberg.
Scans of Scana’s Stonyfield well show signs of oil, according the company, which also has drilled a number of other well sites.
“We’re thrilled to partner with Scana on this project,” said Jeff Harkins, a spokesman for the New Jersey-based company.
“They’re on the forefront of energy development in New Jersey and we are pleased to be a part of their efforts to develop this unique natural gas resource in the state.”
Scana said it will build a 1,600-foot-long well on the New Brunswick-Quebec border, a location that was recently explored by the U.S. Geological Survey.
The New York company’s drilling fleet includes rigs that drill gas on land, but Scana is not a conventional gas company.
It owns a fleet of rigs that dig up natural gas and liquefy it.
In addition to oil and natural gas liquids, Scana produces petrochemicals, such as sulfuric acid, ammonia, benzene and perchlorate.
Its natural gas wells produce less carbon dioxide than conventional wells, and its carbon sequestration systems, which capture carbon dioxide and store it, can store about as much carbon dioxide as coal.
The technology to produce natural gas from methane, which has been used for decades as a feedstock for industrial processes, was developed by Scana in the 1980s.
In recent years, Scena has been working to develop the technology to extract carbon dioxide from natural gas.
That work has been hampered by the climate change crisis and the rise of renewables, which emit carbon dioxide.
But Scana says it has solved the problem by building the world’s largest carbon capture and storage plant.
“It’s a game changer,” said Jeffrey Nardone, a senior vice president at Scana, in an interview.
“I think it’s a win-win for both Scana customers and the industry.”
Scena was founded in 2007 to explore the Stryker formation in eastern Pennsylvania and the Stromboli shale in northeastern Pennsylvania, among other places.
The well, which is about 2 miles (3 kilometers) deep, is about 1,200 feet (400 meters) below the surface.
The natural gas produced by the Stroma well will be sent to the company’s plant in Pennsylvania for conversion into natural gas that can be sold to the public.
The plant’s methane capture system can capture as much as 1.5 million metric tons (about 8.6 million barrels) of methane a day.
Scampering With the Natural Energy Industry In the United Kingdom, Scania is one the largest natural gas producers, according of the British Gas Association.
The organization has said that it has a total of 3.8 billion cubic feet (about 4 billion cubic meters) of natural gas reserves under its control.
But as the industry continues to diversify, Scanas growth is slowing, and that has contributed to a shortage of natural-gas resources in the U