PA DEP Fines EQT $330K for Minor Erosion Violations in SWPA

The Pennsylvania Dept. of Environmental Protection (DEP) has just fined EQT $330,775 for erosion and sedimentation violations at two well sites in Forward Township, Allegheny County, PA. Water with sediment in it leaked from the well sites in early 2018, which sometimes happens. The reason for the stiff fine is that EQT failed to notify the DEP when it happened. If the DEP finds out via its own inspections first, the cost goes way up.
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Rice Brothers Drop EQT Proxy Lawsuit – Feud Continues

On April 25 the Rice brothers (Toby and Derek) sued EQT alleging the company is trying to confuse shareholders by requiring some of the board candidates the Rice boys are proposing get commingled with EQT’s own slate of candidates (see Rice Brothers Sue EQT to Prevent Proxy Manipulation). The Rice boys said the lawsuit was aimed at “preventing EQT from manipulating shareholder election.” Over the weekend the Rice boys dropped the lawsuit, claiming victory, saying EQT has relented. EQT says the lawsuit was a “tactic intended to distract focus” away from the company’s stellar first quarter results.
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SWPA Gas-fired Elec Plant Next to Pot Farm Gets Ready to Build

In October 2017, MDN told you a second Marcellus gas-fired electric generating plant is planned for Greene County, PA (see 2nd Marcellus-Fired Electric Plant Proposed for Greene County, PA). Hill Top Energy Center, based in Huntington Bay, N.Y., is planning to build a 620 megawatt plant on 41 acres of land off Thomas Road in Cumberland Township. We have indications that the project is finally getting ready to begin construction.
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Del-Mar Energy Pathway Pipe Gets Favorable FERC Enviro Assessment

We have news of a new, small pipeline project with the potential to carry more PA Marcellus natural gas to several locations in Delaware and Maryland. Eastern Shore Natural Gas Company (ESNG), a subsidiary company of Chesapeake Utilities Corporation, filed a request with the Federal Energy Regulatory Commission (FERC) in Sept. 2018 to build 19+ miles of new pipeline and new meter and delivery stations in Kent and Sussex counties in Delaware, and Wicomico and Somerset counties in Maryland. FERC has just issued a positive environmental assessment (EA) for the project.
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NFG Asks FERC to Begin Construction on Empire North Pipe Project

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In March the Federal Energy Regulatory Commission (FERC) approved a request by National Fuel Gas Company subsidiary Empire Pipeline to build two new compressor stations along the Empire Pipeline–one in Tioga County, PA, the other in Ontario County, NY–to flow an extra 205 million cubic feet per day (MMcf/d) of yummy fracked PA gas into the Empire State (see FERC Approves Empire Pipe Request for 2 New Compressors in PA, NY). Empire is ready to begin construction and has asked FERC for approval to start.
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Welded Constr. Sues Williams for $71M re Atlantic Sunrise Pipe

Welded Construction, the main contractor that built Williams’ Atlantic Sunrise Pipeline project in Pennsylvania, is suing Williams for $71 million, claiming there were cost overruns that Williams never properly compensated the company for. This is a messy situation that we’ve written about before. Welded suing Williams is a new wrinkle in a saga that began last October (see Williams Withholds Payment Forcing Pipeline Builder into Bankruptcy).
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Anadarko Leaves Chevron at the Altar to Elope with Occidental

The battle to buy Anadarko Petroleum by Chevron and Occidental Petroleum (Oxy) has taken an interesting turn. Over the weekend Oxy revised its offer. It will still pay Anadarko shareholders $57 billion (as before), but the offer was revised to dial up the amount of cash and dial down the amount of stock swaps. Never hurts to use cash as a sweetener. The new offer did the trick. Although Anadarko previously signed an agreement to sell itself to Chevron, Anadarko announced yesterday they are leaving Chevron at the altar and riding off into the sunset to elope with Oxy.
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Energy Stories of Interest: Tue, May 7, 2019

MARCELLUS/UTICA REGION: Cabot Oil & Gas rises after hedge fund names it a top pick; NY State Laborer’s ad seeks to boost NESE pipeline; OTHER U.S. REGIONS: President Trump to tour natural gas facility in Cameron Parish next week; Winklevosses, Bain eye gas-powered data centers to fix US gas glut; Key state certification denied for SW Oregon LNG export project; NATIONAL: Agencies call for increased US LNG deliveries to EU; Optimism at OTC as offshore industry shows signs of improvement; Factors affecting feedgas demand and LNG exports in 2019; Bad climate data leads to wrong conclusions (video); Trump’s steel tariffs stand in way of next US shale revolution; INTERNATIONAL: Poland eyes second LNG import terminal; The reason renewables can’t power modern civilization is because they were never meant to.
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