Fire Sale: Shell Sells All Remaining PA M-U Assets for $541M

A major announcement yesterday from both Shell and National Fuel Gas Company (NFG) says Shell has cut a deal to sell all of its remaining Appalachian assets, which includes 450,000 acres and some 350 producing M-U shale wells along with pipeline assets, to NFG for $541 million. The deal is expected to close by the end of July.
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Texas Eastern Pipeline Explodes in Kentucky…Again

It pains us to report this, but there has been another explosion of Enbridge’s Texas Eastern Pipeline Company (TETCO) pipeline in Kentucky. Last August one of the TETCO lines exploded in Lincoln County, Kentucky, killing one and sending six to the hospital (see TETCO Pipe Explodes in Kentucky Killing 1; Southbound M-U Gas Stops). Fortunately this time the TETCO explosion happened in a rural location, in Fleming County, and didn’t injure anyone.
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Pa. AG Forces Inflection Energy to Pay Big Green $40K re Accident

We won’t lie, this news turns us red hot with anger. The sleazy Pennsylvania Attorney General, Democrat Josh Shapiro (who wants to ingratiate himself with wacko leftists because he’s running for governor) has just forced Inflection Energy to pay $40,000 to three Big Green groups as penance for an accident that allowed frack wastewater to escape into an unnamed creek. Inflection had to cop to committing a crime and pay money to groups seeking to destroy the company. THIS IS OUTRAGEOUS!
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KM’s Elba Island LNG Fires Up 8th Liquefaction Unit

Elba Island LNG

Last December the very first load of Marcellus molecules liquefied at the Elba Island, Georgia LNG export facility was loaded onto a ship and headed to Pakistan (see Elba Island Finally Exported First Marcellus LNG Cargo on Friday). Elba Island is a series of 10 small liquefaction units. At last check, in early March, the first five units were up and running (see First 5 Elba Island LNG Mini-Plants Now Online Exporting Marc Gas). You can add another couple of units to the list.
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REX Pipe Asks FERC to Prevent Shipper from Breaking Contract

If an upstream (drilling) company with a long-term pipeline contract files for bankruptcy, does that give the company the right to break their pipeline contract? A major shipper on the Rockies Express (REX) pipeline, Ultra Resources, is expected to file for bankruptcy very soon. REX is concerned Ultra may claim its bankruptcy is a “get-out-of-the-contract free” card. REX has asked FERC to preemptively “assert its jurisdiction” as the arbiter of whether or not companies like Ultra can skip out of contracts.
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Josh Fox Tries (Fails) to Silence Michael Moore Renewables Film

Josh Fox, the propagandist who made the Gasland fictional documentary bashing natural gas (see New Anti-Drilling Movie GASLAND Takes Aim at Hydrofacking) has picked a public fight with fellow liberal Michael Moore over the later’s new documentary challenging renewable energy orthodoxy (see Michael Moore Documentary Exposes Renewable Energy Farce). Fox is trying to get Moore’s new film censored.
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