LOLA Energy Sues EQT for Trespass, Drilling Wells Under LOLA Land

In another MDN exclusive, last Friday LOLA Energy filed a lawsuit in Greene County, PA against EQT for allegedly drilling shale wells under property EQT formerly leased, property for which the leases had lapsed and were subsequently scooped up by LOLA Energy (see LOLA Energy is Back! Scoops Up Rice Acreage EQT Let Expire). LOLA says they are now the owners of those leases and that EQT has drilled under some of their properties. LOLA tried to broker a deal for compensation but those talks broke down and hence a lawsuit was filed.
Continue reading

Ohio Pays Another $30M to Kickstart PTT Belmont Cracker Project

We’ve found one more bit of evidence that Ohio officials believe, rather strongly, that PTT Global Chemical will move forward with building a multi-billion dollar ethane cracker in Belmont County. JobsOhio, a private non-profit with a board appointed by the Ohio governor, gets most of its operating revenue from taxes on liquor sales in Ohio. JobsOhio previously spent $17 million in 2016 to clean up the site where PTT says they may/maybe/might build a cracker plant (see JobsOhio Picks Up the $17M Cost for Prepping OH Cracker Site). JobsOhio has just committed another $30 million for “site preparation work” for the cracker. One news source reports this is “the largest grant ever awarded in the Buckeye State” (by JobsOhio).
Continue reading

Proxy Advisory Firm Egan-Jones Supports Rice Bros. in Proxy War

A week ago we brought you the news that the country’s top two shareholder advisory firms, Institutional Shareholder Services (ISS) and Glass Lewis & Co., are each supporting opposing sides in the EQT proxy war (see Latest Round of Proxy Announcements from Rice Bros., EQT). A third firm, Egan-Jones–perhaps not quite as high profile as ISS and Glass Lewis but a big deal nonetheless (in the list of the top 6 such firms)–has just endorsed…
Continue reading

Equitrans Asks FERC for OK to Start Pipe Expansion Proj in PA, WV

The Equitrans Expansion Project (EEP) began construction in late 2017. The project is related to Equitrans’ $4 billion, 303-mile Mountain Valley Pipeline (MVP) project, approved by the Federal Energy Regulatory Commission (FERC) at the same time as MVP. The $100 million EEP involved upgrading several compressor stations and adding approximately eight miles of pipeline connectors to increase capacity along the Equitrans Pipeline from southwestern Pennsylvania into West Virginia.
Continue reading

Dela. Riverkeeper Loses Court Case to Block Martian Drilling

It seems the door *does* swing both ways when it comes to Pennsylvania municipalities and the Act 13 lawsuit decision that allows municipalities to have a say in zoning in, or zoning out, shale drilling. In 2013 seven selfish PA towns won the right, from the PA Supreme Court, to impose their own zoning rules on oil and gas drilling (see PA Supreme Court Rules Against State/Drillers in Act 13 Case). Since that time, Big Green groups have asked the court to rule the door only swings one way–that zoning can keep shale drilling out, but never allow *more* of it. That notion has now been put to rest. The door swings both ways.
Continue reading

Indiana Co Sets Up Shop in W PA Thx to Marcellus-Fired Gas Plants

Competitive Power Ventures (CPV) finally broke ground and began to build a new Marcellus gas-fired power plant in Cambria County, PA in October 2017 (see CPV Marcellus-Fired Power Plant in Cambria, PA Breaks Ground). Located 60 miles east of Pittsburgh, the CPV Fairview Energy Center is a 1,050-megawatt natural gas and ethane-fueled two-by-one combined-cycle electric generating plant expected to begin commercial operations in early 2020. An Indiana company supplying scaffolding to work on that plant was so impressed with the project, and others like it popping up in PA, that the company has decided to establish a branch operation in Johnstown, PA.
Continue reading

Philadelphia Refinery Delays Firing 1,020 Workers Another 6 Weeks

In late June, MDN brought you the sad news that Philadelphia Energy Solutions (PES), which operates the East Coast’s largest refinery on the banks of the Delaware River, has decided to close, throwing 1,020 people out of work following a recent fire (see Philly Refinery to Close Following Massive Fire – 1,020 Jobs Lost). Later this week, July 12, was to be the last day for those employees. However PES recently announced they are extending the “last day” date, from July 12 to August 25, an extra six weeks. Why?
Continue reading

Energy Stories of Interest: Mon, Jul 8, 2019

MARCELLUS/UTICA REGION: Westmoreland municipalities count on windfall from natural gas impact fee; Utilities commission announces revenue; They’ve drilled a well on my property, but never finished it. Why?; OTHER U.S. REGIONS: Port of Virginia becomes first U.S. port to join SEA\LNG; TVA’s IRP foresees natural gas growth climbing 2-17 GW over next 20 years; Why build an ethane steam cracker in a time of low ethylene margins?; Wisconsin utility regulators decline to consider climate impact of proposed natural gas plant; NATIONAL: How the US shale revolution changed the face of geopolitics; The U.S. is overflowing with natural gas. Not everyone can get it.; Senators to review global LNG export landscape; 2020 Democrats want to turn our energy independence into submission; INTERNATIONAL: Biased attack on natural gas leaves out key facts.
Continue reading