EQT CEO McNally Says Company Becoming “Free Cash Flow Machine”

The proxy war between Toby and Derek Rice and current management at EQT continues. It’s now turned into a press release war. Every few days one or the other (or both) sides issue press releases to try and convince shareholders *their* side is the winning/righteous/justified side in this war. Yesterday EQT fired off another round by issuing a press release to announce the release of a new PowerPoint slide deck.
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Another Pipe Builder Plays Dirty – Liens on Lancaster Landowners

This stuff makes us angry. Just yesterday we told you about a contractor using the sleazy tactic of filing “mechanic’s liens” against landowners in western New York State because of a payment dispute with the company building a wind farm on their property (see Liens Filed Against W NY Landowners re Wind Turbines). Last year a contractor working on the Mariner East 2 Pipeline tried the same stunt (see Bankrupt Pipeline Contractor Leads to Liens Against PA Landowners).
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Duke Energy Making “Plan B” if Atlantic Coast Pipe Doesn’t Happen

When we spotted a headline about Duke Energy, joint venture partner with Dominion Energy in the 600-mile Atlantic Coast Pipeline (ACP) project, investigating “Plan B” for what to do if ACP doesn’t get built, we thought, “Oh oh. This is a sure sign the project is in trouble and the principles are giving up.” But we should have known–it’s Bloomberg! It’s Biased news with a capital B.
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Marcellus LNG Exports to Puerto Rico Up & Running by August?!

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New Fortress Energy is building an $800 million LNG export plant in rural northeastern Pennsylvania (see Big News! Marcellus LNG Export Plant Coming to Landlocked NEPA). The plant will send the LNG to the Philly area via truck (eventually rail) and then it onto ships somewhere along the Delaware River. The LNG (some of it) will then get shipped all the way to Puerto Rico where it will be used to power electric generating plants.

SEE IMPORTANT UPDATE AT END OF POST
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Radicals Turn Up Heat on Weak Cuomo to Reject Williams Bay Pipe

Andrew Cuomo, contrary to the picture he attempts to paint for gullible voters and the even more gullible mainstream news reporters, is a very weak “leader.” In what has become an identifiable pattern, when Cuomo is put under pressure by the fringe left environmental lobby, he folds to that pressure like a cheap suit. Totally gives in and accedes to whatever weird demands they make–like no new gas pipelines. Even when it economically hurts the state.
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Raymond James Says EIA Co-mingles FUCs with DUCs in Monthly Report

If you’ve hung around MDN for long and read our posts on the U.S. Energy Information Administration’s (EIA) monthly Drilling Productivity Report (DPR), you’ve come across talk about DUCs–Drilled but UnCompleted wells. In all our time covering the Marcellus/Utica, we’ve never come across a variation on DUCs, called FUCs–Forgotten UnCompleted wells. We didn’t know the term existed! But it does.
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IEA Report: NatGas Became World’s “Fuel of Choice” in 2018

The International Energy Agency has just released its latest assessment of global energy consumption and energy-related CO2 emissions for 2018. The “Global Energy & CO2 Status Report” (full copy below) provides a high-level and up-to-date view of energy markets, including latest available data for oil, natural gas, coal, wind, solar, nuclear power, electricity, and energy efficiency. The big winner in 2018 across Planet Earth? Natural gas.
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Energy Stories of Interest: Tue, Mar 26, 2019

MARCELLUS/UTICA REGION: The oil and gas industry future is bright in WV; Pa. natural gas fees already helping state; EQT Foundation gives record total in 2018; Gas industry pays for road repairs related to drilling, leader says; OTHER U.S. REGIONS: Energy Transfer, Shell sign agreement to further progress Lake Charles U.S. LNG; Texas needs another 10,000 miles of gas, oil pipelines by 2050: study; NATIONAL: Feds use climate alarmism to brainwash our children; Power sector pushed domestic U.S. natural gas consumption to new record in 2018; Research finds US shale revolution is responsible for saving tens of thousands of lives every year; Technology is a huge driver of the U.S. oil and gas boom.
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