Arsenal Resources Files for Speedy Chapter 11 Bankruptcy

The parent holding company for Marcellus driller Arsenal Resources, Arsenal Energy Holdings LLC, is applying for what has to be the fastest “prepackaged bankruptcy” we’ve ever heard of. Yesterday (Feb. 4) the company filed, claiming nearly all of its outstanding “stakeholders” are on board with the plan–and they aim to exit bankruptcy on Valentine’s Day, Feb. 14.
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CNX Rogue Utica Well in SWPA Affects 9 Vertical Wells, Maybe More

CNX was fracking their Shaw 1G Utica well in Washington Township on Saturday, Jan. 26, when they detected “a strong drop in pressure” and stopped fracking (see CNX Hits Major Problem Fracking Utica Well Near SWPA Reservoir). Turns out the well was “communicating” (i.e. losing gas to) several nearby conventional wells.
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Dimock, PA Landowners Paid $5K/Mo by Green Groups to Bash Cabot

A startling revelation came from yesterday’s court hearing in the tiny village of Montrose, PA. Some of the landowners from Dimock, PA who have traveled around the country claiming their water had been contaminated by Cabot Oil & Gas (remember the fraud “documentary” called Gasland?) were actually paid up to $5,000 *per month* by green groups to spread their lies.
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Kinder Morgan Takes Another Baby Step with Elba Island LNG

Elba Island LNG

Kinder Morgan’s Elba Island LNG, situated along the Georgia coastline near Savannah, is supposed to launch the first of its 10 LNG export mini-trains by the end of first quarter this year, and have all 10 up and running by the end of the year (see Elba Island LNG Won’t be Fully Online Until “End of 2019”). Good news: FERC has just granted permission to begin flowing feed gas into the facility for testing.
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WSJ Calls NY Gov. Cuomo’s Pipe Blockade a “Cold Weather Tax”

The pressure is mounting on New York Gov. Andrew Cuomo with regard to blocking natural gas pipelines. Except now the pressure is coming from the adults in the room who see through Cuomo’s sleazy politics. None other than the editorial board of the Wall Street Journal has ripped into Cuomo, calling his blockade of new pipelines the equivalent of a “cold weather tax”–not only on New Yorkers, but also those living in New England.
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The Future of Ethane Exports from Marcus Hook, PA

Ethane exports came from nowhere, dead zero, three years ago and took off like gangbusters until mid-last year, in no small part because of Marcellus/Utica ethane exports coming from the Marcus Hook refinery near Philadelphia. But part of the way through last year those exports began to decline–and not because of lack of ethane flowing through the Mariner East pipelines. Nope. They declined due to lack of demand.
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Energy Stories of Interest: Tue, Feb 5, 2019

MARCELLUS/UTICA REGION: Westchester asking PSC to have Con Edison delay imposition of natural gas connection moratorium; Butane leak reported at Marcus Hook plant; OTHER U.S. REGIONS: Protesters yell, heckle and shut down town hall meeting with two Colorado Democrat state senators; NATIONAL: US shale to drill and complete 20,000 wells this year; Trump to nominate David Bernhardt, a former lobbyist, as the next Interior secretary; New video: Blowin’ in the Wind (parody).
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