Bankrupt EdgeMarc Sells Ohio Utica Assets to Diversified for $50M

EdgeMarc Energy, headquartered in Canonsburg, PA (with 50,000 acres of Marcellus/Utica leases), filed for Chapter 11 bankruptcy in May, looking to sell all of the company’s assets (see EdgeMarc Energy Files for Bankruptcy, Blames Revolution Pipe). Diversified Gas & Oil placed a bid on EdgeMarc’s Ohio Utica assets, offering $50 million. Nobody else bid, so the bankruptcy court has just approved the sale to Diversified. How many Utica wells and how much acreage? We tell you below.
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Andrew Cuomo Turns Mobster – Threatens to Replace National Grid

Andrew Cuomo, so-called governor of New York State (more like a ruling mob boss), is feeling the heat from HIS decision to block the Northeast Supply Enhancement (NESE) pipeline from getting built to provide more gas to the New York City region. Because of HIS decision, National Grid, one of two natural gas utility companies for NYC and Long Island, has slapped a moratorium on all new customers of any kind from being added to the gas delivery system. If they add new customers, they run the risk of running out of gas during peak usage times in the winter. Cuomo is now threatening to replace National Grid as the utility supplier, displaying true mob boss-like behavior.
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Beaver County Wants to Keep Issuing Pipe Permits; $175K from Shell

Last week the Pennsylvania Dept. of Environmental Protection (DEP) revoked the right of the Beaver County Conservation District (BCCD) to issue and monitor permits for erosion and sediment control, two permits used in building both pipelines and drill pads (see PA DEP Revokes Beaver County Right to Issue Pipe, Drilling Permits). Antis are now screaming for the DEP to suspend all pipeline work in the county for six months in order to review previously issued permits by BCCD (see Antis Want Pipeline Work in Beaver County Stopped for 6 Months). But the BCCD says the only thing they did wrong was misfile paperwork, that they should be allowed to resume issuing and overseeing erosion and sediment control permits.
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WV Gov Justice Creates Downstream Jobs Task Force to Leverage Shale

WV Gov. Jim Justice

West Virginia Gov. Jim Justice wants to ensure his state is in the poll position to grab as many new businesses and jobs as possible from the embryonic but rapidly developing petrochemical industry in the Marcellus/Utica region. Justice announced yesterday he has signed an Executive Order to form the Governor’s Downstream Jobs Task Force, a group of WV officials who will work on developing sites for use by petchem manufacturers and work to attract potential investors.
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PA PUC Extends “Safety Review” for Liquids Pipes Extra 2 Weeks

Pennsylvania antis from the Philadelphia area who don’t want pipelines running through their neighborhoods (NIMBY types) beat the drums of war so loud and for so long, they finally began to intimidate the non-partisan, shouldn’t-be-intimated PA Public Utility Commission (PUC). In June the PUC launched a “major review of its safety regulations for hazardous liquids pipelines” in response to pressure from Mariner East 2 pipeline foes (see PA PUC Launches “Safety Review” for Liquids Pipes – Antis Rejoice). The deadline for public comments was Aug. 28, but in response to yet more pressure from antis, the PUC extended the deadline another two weeks. It’s sad to see a government body cowed by a few loudmouthed troublemakers.
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What Happens to Most Currently Produced Marcellus/Utica Ethane?

We’ve mentioned this in passing in a few articles in the past, but thought it might be good dedicate an entire post to it. What happens, currently, with the prodigious amounts of ethane produced in the Marcellus/Utica? Ethane, as you may know, is one of the natural gas liquids (NGL) hydrocarbons that comes out of the ground along with methane. Methane is CH4, ethane is C2H6. Next to methane, ethane is the most produced hydrocarbon in the M-U. How much gets produced, and what happens to all that ethane?
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Proof There is NO Global Warming – NOAA Temp Stations Don’t Lie

MDN is not a blog/news site about the myth of man-made global warming, but we do address the topic from time to time because the false belief of man-caused warming is at the root of opposition to fossil fuels and shale energy. We’re accused of being Luddites. Not with the times. Out of touch. Climate deniers. We say we’re simply seeing the issue clearly. A recent article brings into focus for everyone how the masses have been lied to by media and leftist scientists. There is no global warming happening–at least not because of mankind–since 2005. We have incontrovertible proof
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Shale Energy Stories of Interest: Thu, Aug 29, 2019

MARCELLUS/UTICA REGION: Eight permits issued for Utica/Point Pleasant shale; Tesla solar debacle is explained by Vanity Fair and Walmart; OTHER U.S. REGIONS: The Fox Energy Center operates a power plant; Natural gas soon to be outlawed in almost all new Menlo Park buildings; NATIONAL: EIA updates its U.S. energy consumption by source and sector chart; Don’t be so quick to write off natural gas; Natural gas prices poised for dramatic price increase; U.S. natural gas is the new, global, soft-power weapon; E&P stocks plunge to all-time lows despite solid second-quarter profitability; Michael Mann, creator of the infamous global warming ‘hockey stick,’ loses lawsuit against climate skeptic; INTERNATIONAL: Canada’s new oil, natural gas development regulation takes effect; PGNiG agrees sale of U.S. LNG cargo to Ukraine; New market for LNG as Germany moves to add import terminals; Australia, U.S. LNG exports turn up the volume on global market leader Qatar.
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