Supply Chain Success – WV Excavator Blossoms in Marcellus/Utica

Alex Wolfe

We love reading about entrepreneurs–young or old–who take a risk and achieve success. Particularly in the Marcellus/Utica industry. We have another such story to share–of a young man who began with a mini excavator (bought with tax refund money) and an old bulldozer donated by his grandfather–and turned it into 125 employees, 20 dump trucks, 10 tractor trailers and 80 pieces of excavating equipment.
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Economist Says WV Playing Third Fiddle to PA, OH in Downstream

John Deskins, WVU Chief Economist

Hey West Virginia, you better wise up and do it soon with respect to downstream opportunities! That was the message delivered to his fellow West Virginians by WV University’s chief economist, John Deskins. He’s encouraging a “sense of urgency” in making the state more attractive to manufacturers and investors–to compete with Pennsylvania and Ohio, which seem to have a leg up on WV when it comes to the downstream.
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Cuomo Rejection of NESE Pipe Pushes Fed 401 Cert “to the Extreme”

We recently brought you several stories about New York Gov. Andrew Cuomo’s predictable (and foolhardy) rejection of the Williams Northeast Supply Enhancement (NESE) pipeline project to pipe more natural gas to a desperate New York City and Long Island (see NY Gov. Cuomo Denies Permit for Williams NESE Pipeline to NYC and Economic Fallout from Cuomo’s Decision to Kill NESE Pipeline). We’ve located another unique perspective on Cuomo’s decision, this one looking at the shaky legal basis Cuomo used to reject the project.
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NJ Gov Packs Pine Commission with Radical Leftists to Block Pipes

Two weeks ago MDN reported that a New Jersey state commission, the Pinelands Commission, which has a power to block a pipeline through 10 miles of “protected” scrub pines and swamp lands, is currently paralyzed in their efforts to roll back permission previously granted for the pipeline project under Republican Gov. Chris Christie (see NJ Commission Remains Paralyzed on Revoking Pipeline Approval). NJ’s new Democrat governor, Phil Murphy, is attempting to pack the commission with radical leftists to unparalyze the commission.
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ExxonMobil “Investing” $100M in Gov’t Research to Lower Emissions

ExxonMobil recently signed an agreement with the U.S. Department of Energy’s National Renewable Energy Laboratory (NREL) and National Energy Technology Laboratory (NETL) to help fund both operations to the tune of $100 million over the next 10 years, looking to bring biofuels and carbon capture and storage to commercial scale across the transportation, power generation and industrial sectors. That is, to bring to market new tech that lowers carbon dioxide emissions. All in the name of stopping non-existent, man-made global warming.
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Energy Stories of Interest: Tue, May 28, 2019

MARCELLUS/UTICA REGION: Hilcorp eyes two more wells in Columbiana County; PA’s environmental protection head signs letter urging against EPA budget cuts; Appalachian E&Ps poised to spend less on stronger natural gas headwinds; State of New Jersey Common Pension Fund D purchases new holdings in Antero Resources; Natural gas now beats coal, even in West Virginia; OTHER U.S. REGIONS: Permian gas market searches for signs of improvement; NATIONAL: Trump Administration hardens its attack on climate science; Moody’s – US frac sand miners’ credit quality drops along with prices; The biggest losers in the shale slowdown; America must build more natural gas storage capacity; Pipelines welcome advancement of stalled safety rule to OMB review; Tax credits for electric cars must end; LNG confronts its demons; INTERNATIONAL: This world-class shale frontier just opened up; GAIL ties up with ExxonMobil to explore supplying natural gas; The EU election’s ‘green wave’ is set to transform energy policy.
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