Summit Midstream Fires CEO; M-U Volumes, Profits Down in 2018

Summit Midstream has a meaningful presence in the Marcellus/Utica region. The company not only released their 4Q and full year 2018 update yesterday, they also released the bombshell announcement they have fired (our word, not theirs) CEO Steve Newby. Summit COO Leonard Mallett has become interim President and Chief Executive Officer while the company conducts a search.
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FERC Signals it May Overrule NY to Allow Constitution Pipe

The light at the end of the tunnel for Constitution Pipeline just got brighter. The Federal Energy Regulatory Commission (FERC) has asked the U.S. Court of Appeals for the District of Columbia to pass the ball back to them so they can reconsider whether or not to overrule New York State’s blockage of a permit for the Constitution. FERC’s action signals they may be ready to rule against NY and allow Constitution to begin construction.
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Dominion Appealing Atlantic Coast Pipe Case to U.S. Supreme Court

Dominion Energy has about had it up to *here* with the clown judges of the U.S. Court of Appeals for the Fourth Circus. Dominion asked for all of the judges sitting on the Fourth Circuit to rehear a case that blocks the pipeline from drilling *under* the Appalachian Trail because of a lawsuit brought by colluding Big Green groups trying to kill the entire project. The clowns refused.
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Westmoreland Gas Different from Mountain V Oil & Gas

About a month ago MDN ran a story in which we said we think it’s likely that a new company called Westmoreland Gas is really just Mountain V Oil & Gas under a new name (see Is Westmoreland Gas Really Mountain V Oil & Gas Renamed?). We based that observation on the fact the CEO of Mountain V is co-CEO of Westmoreland, and because all of Westmoreland’s wells are contract operated by Mountain V. Westmoreland has just responded to say no, they are in fact two different companies.
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PA Permits & Wells Drilled in 2018 – Maps

We really dig maps and charts that illustrate data about permits and drilling. Yeah, we’re shale geeks. We recently came across a series of maps issued by the Pennsylvania Dept. of Environmental Protection (DEP) that summarize how many permits were issued, and how many wells were drilled, across all relevant counties in PA. And does so on a super-handy map. We grabbed the two maps you need to view and have them below–one showing permits, the other showing wells drilled.
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Energy Stories of Interest: Wed, Feb 27, 2019

MARCELLUS/UTICA REGION: Westchester County bashes moratorium; Oil & Gas impact still being felt; OTHER U.S. REGIONS: Extreme cold in the Midwest led to high power demand and record natural gas demand; Cheniere reports fourth-quarter profit drop; Pipeline force majeure in Texas continues to impact natural gas prices; Permian producers face diverging outlook for oil, gas in 2019; NATIONAL: Green New Deal: Climate Change (must-see video); US oil & gas blockchain consortium launches with Chevron, ExxonMobil; The juvenile world of AOC, where debate is verboten; Ocasio-Cortez: people maybe shouldn’t reproduce due to climate change; The liquefaction train ramp-up process and timelines; INTERNATIONAL: BP CEO Dudley: U.S. shale is ‘a market without a brain’; Burned by Russia, Poland turns to U.S. for natural gas and energy security.
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