Rumor: EQT About to Layoff 25% of Workforce, Maybe This Week

The Pittsburgh Business Times‘ ace report Paul Gough is reporting an exclusive: EQT is getting ready to fire (i.e. layoff) around 200 employees. “Multiple sources” have confirmed the plans to the PBT. Since the company employs around 800 employees, that represents 25% of the entire workforce. This comes on the heels of the company laying off over 100 people earlier this year, when the company was run by a different management team (see EQT Lays Off ~15% of Workforce – Fires Back at Rice Brothers).
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Most Important Court Case in PA Shale History Heads to Supremes

This Friday Thursday the justices sitting on the Pennsylvania Supreme Court will hear what we believe is the most important shale gas court case in the history of the state: Briggs v Southwestern Energy. We consider this case to be an existential threat to the future of shale gas drilling in PA should the decision go the wrong way. And no, we’re not exaggerating.
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PA Landowners Feel Pinch of Low NatGas Prices in Royalty Checks

Like it or not, landowners are joined at the hip with the shale drillers who produce the natural gas from their land. When “the price” (which is actually a lot of different prices, depending on geography) of natural gas is high, everyone is in tall cotton. But when the price tanks, as it has over the past few months, every suffers. PA landowners are noticing very thin royalty checks. The big bone of contention is when drillers look to share more of their pain with landowners by claiming post-production deductions.
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Philly Dem Senator Loses Bid to Shut Down ME Pipelines

PA State Senator Andy Dinniman

In April 2018, a Chester County, PA (Philadelphia area) Democrat State Senator by the name of Andy Dinniman (who we think looks like Tony Soprano) filed a formal, legal complaint with the Pennsylvania Public Utility Commission (PUC), asking the PUC to shut down and keep closed all of the Mariner East pipeline projects–ME1, ME2, and ME2X (see Philly Dem Senator Tries to Shut Down ME2 Pipe Construction). It took long enough, but the PA Commonwealth Court, whom Sunoco appealed to, ruled yesterday that Dinniman’s complaint is meritless. The court ordered the PUC to dismiss Dinniman’s complaint.
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PA DEP Changes Sides, Says Marcus Hook Should Get 1 Big Air Permit

The Pennsylvania Dept. of Environmental Protection (DEP), which once supported (in court) Sunoco Logistics Partners method of requesting permits for the Marcus Hook facility (near Philadelphia), has just flip flopped and change sides, now siding against Sunoco and the permits the DEP itself issued for the Marcus Hook facility. DEP is now siding with the radical Clean Air Council demanding that all of the work at the Marcus Hook facility be done under a single emissions permit, not separate permits.
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FERC Democrats Mad at Cuomo re Constitution Pipeline

Just prior to taking a long Labor Day holiday weekend, MDN brought you news that the Federal Energy Regulatory Commission (FERC) has overruled New York State to allow the Constitution Pipeline to move forward with construction (see Victory! FERC Overrules NY DEC to Allow Constitution Pipeline). We missed a small but important part of the story–the fact that all four FERC commissioners, two Republicans and two Democrats, voted to overrule NY. FERC is teed off at Andrew Cuomo and this decision slaps him around.
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Shale Energy Stories of Interest: Tue, Sep 10, 2019

MARCELLUS/UTICA REGION: Green breakthroughs coming from an unexpected source; GDS manages water for Cabot throughout Susquehanna County; OTHER U.S. REGIONS: Dominion Energy donates $250,000 to Hurricane Dorian recovery; Natural gas-fired power generation has grown in Florida, displacing coal; New Permian gas pipelines will reduce flaring, but what about prices?; NATIONAL: Industrial demand said ‘unsung hero’ of U.S. natural gas demand; Rig count falls to lowest since 2017 as prices stay stuck in ‘purgatory’; The coming M&A wave in U.S. shale; Oil companies succesfully reduce methane emissions; Fracking buzzwords evolve, from ‘ramp up’ to ‘capital discipline’; The next target in the climate-change debate: your gas stove; Natural gas and the electric power sector: the latest trends; Climate Call Out (video); INTERNATIONAL: Russia ups LNG race with green light on $21 billion Arctic LNG-2 project.
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