The Real Story of Antero’s $11M Clean Water Act Violations

Yesterday MDN began our lead story about a big fine for Antero Resources by saying, “This has to be a record-high amount for a fine plus remediation work, at least in the Marcellus/Utica.” We humbly admit we were wrong. In checking our records, we found that in a similar case from 2014, Trans Energy paid even more, quite a bit more. We researched what this whole business is about, why Antero and others were fined, interviewing a top Antero official, and we now have a far better understanding of what happened and why.
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EQT Settles WV Class Action Royalty Lawsuit for $53.5M

In 2013 some 10,000 West Virginia landowners/rights owners filed a class action lawsuit against EQT over their practice of post-production deductions from royalty checks. The lawsuit was scheduled to go to trial last November, but at the last minute, it didn’t. Word leaked that EQT had settled out of court (see EQT Avoids Trial, Settles WV Class Action re Royalty Deductions). Since that time we haven’t heard a peep–until this morning when EQT announced the terms of a “tentative” settlement.
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CNX, Range Resources Proved Reserves Both Go Up

It’s that time of year for energy companies to issue updates on just how much oil and gas they own in the ground, recoverable at current prices. Both CNX Resources and Range Resources, two major Marcellus/Utica producers, recently issued statements outlining their “proved reserves.” CNX has 7.9 trillion cubic feet equivalent (Tcfe) in proved reserves as of Dec. 31, 2018. Range Resources has 18.1 Tcfe in proved reserves.
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New “Report” Attacks WV Shale, Advocates 10% Severance Tax

A partisan left-wing group calling itself the West Virginia Center on Budget & Policy along with another partisan left-wing group called the Institute for Energy Economics and Financial Analysis (IEEFA) released a report last week that claims WV’s shale industry has “fallen short” in delivering on economic promises, and the way to fix it is to boost the severance tax from 5% to 10%! Yeah, they’re out of their collectivist minds.
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Atlantic Coast Pipeline – Where Do Things Stand?

Although Dominion Energy’s 600-mile Atlantic Coast Pipeline (ACP) is facing serious delays and cost overruns mainly due to lawsuits brought by Big Green groups, the company is still committed to building the pipeline (see Dominion “Still Committed” to Building Atlantic Coast Pipeline). The project is now delayed until late 2020 for a partial startup, with full service sometime in 2021, and the new price tag has ballooned to $7.5 billion. Where, exactly, do things stand? What’s holding it up? Give us a sitrep!
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Dominion’s Plan to Reduce Methane Emissions 50% in Next 10 Years

Dominion Energy is using innovative technologies like Zero Emissions Vacuum and Compression (ZEVAC®) to keep more methane in the system and out of the atmosphere.

Yesterday Dominion Energy announced they are launching a bold new program to cut down on methane emissions coming from their operations by 50% over the next 10 years. In raw numbers they hope to prevent 430,000 metric tons of methane from entering the atmosphere, “the equivalent of taking 2.3 million cars off the road for a year or planting nearly 180 million new trees.”
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Must-See Video on “Climate Change”

It’s time to confront the “climate change” debate head on, since so-called man-made global warming (now renamed climate change) is supposedly caused by burning fossil fuels. We have a *must watch* video from the creative folks at Clear Energy Alliance that does a masterful job of skewering the climate change hoax that everyone seems to believe in. PLEASE WATCH THIS VIDEO!
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Energy Stories of Interest: Wed, Feb 13, 2019

MARCELLUS/UTICA REGION: Meeting set on CNX gas well failure near Bear Run reservoir; Richmond-area charities receive more than $1.2 million as a result of 2018 Dominion Energy Charity Classic; Stockholm Syndrome: Westchester folks ask Cuomo for help with ConEd; New York State Teachers Retirement System raises stake in Chesapeake Energy; NATIONAL: Top 10 US shale portfolios; McConnell plans to bring Green New Deal to Senate vote; Power blocks in natural gas-fired combined-cycle plants are getting bigger; Pipeline fight drags on, tempting intervention from Trump; Green is the new Red; Natural gas lobby taps energy heavyweight; INTERNATIONAL: Pieridae Energy setting up $20 mln share sale; Germany, US seek to set aside spat over natural gas supplies.
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