EQT CEO Toby Rice’s No-Comment Comments on Chevron, CNX Rumors

We don’t know how Pittsburgh Business Times ace reporter Paul Gough does it. Yesterday we told you Gough had gotten CNX CEO Nick DeIuliis to, in a roundabout way, discuss the rumor that EQT has floated a takeover offer to his company (see CNX CEO Nick DeIuliis Responds to EQT Takeover Rumor). Gough has done it again, getting EQT CEO Toby Rice to, in a roundabout way, comment on the CNX rumor and on another rumor, that EQT is offering $750 million to buy Chevron’s Marcellus/Utica assets.
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DeepRock & Fountain Quail Merge, Form Major M-U Injection Well Co.

Two shale wastewater injection well companies, DeepRock Disposal and Fountain Quail Energy Services, have merged. The combined company is keeping the DeepRock Disposal name. The new entity is one of the largest SWD (saltwater disposal well) operators in the Appalachian Basin with 12 wells located in Ohio and West Virginia (with permits for several more). However, the bigger news (for us) is that DeepRock plans to offload barged frack wastewater–very soon.
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Sunoco Appeals DEP Order to Reroute ME2 Pipe from Marsh Creek Park

Energy Transfer (Sunoco Pipeline) is pushing back against a demand by the Pennsylvania Dept. of Environmental Protection (DEP) that the company’s Mariner East 2X pipeline project be rerouted around Marsh Creek State Park (in Chester County, PA) following a drilling mud spill in August. Sunoco has asked the PA Environmental Hearing Board, a special court created to hear appeals of DEP decisions, to override the DEP’s demand to reroute ME2X.
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Adelphia Gateway Pipeline Gets OK to Begin Some Construction

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Adelphia Gateway is a plan to convert an old/existing 84-mile oil pipeline stretching from Northampton County, PA through Bucks, Montgomery, and Chester counties, terminating in Delaware County at Marcus Hook, into a natural gas pipeline–flowing Marcellus gas to southeast PA. Earlier this month the project received permission from the Federal Energy Regulatory Commission (FERC) to begin work on converting part of the existing pipeline.
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NYSEG Tells Lansing, NY Turn Down Thermostat to Avoid Gas Shortage

This would be funny if it weren’t so darned sad. In Lansing, NY, just outside of Planet Ithaca in Tompkins County, the local utility (NYSEG) wanted to build a short pipeline in 2017 to supply new customers with natural gas, but was blocked by crazies who irrationally hate fossil fuels (see Lansing NY Officials Fight Back Against Tinfoil Hat Fossil Fuel Haters). The pipeline was never built and since that time businesses and homeowners who wanted to build in the town have gone elsewhere. There’s the unmistakable stench of economic death in the air around Lansing (see Natgas Customer Moratorium Killing Ithaca Suburb of Lansing, NY). NYSEG now has an alternative to building the pipeline–turn down the thermostat.
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EdgeMarc Energy Settles $1.2M Class Action Lawsuit re Overtime

A lawsuit against Pennsylvania driller EdgeMarc Energy that began in 2018 is finally settled. In Sept. 2018 MDN told you about a single former employee of EdgeMarc launching what turned into a class action lawsuit against the company alleging some employees were misclassified as independent contractors and denied overtime pay (see EdgeMarc Energy Sued for Failing to Pay Overtime – Class Action).
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The 2020 Election All Comes Down to Fracking in Pennsylvania

There is a reason why President Trump and sleepy/creepy Uncle Joe Biden are visiting Pennsylvania so much. It is one of the “battleground” states, likely THE state, that will determine who wins the presidential race next week. The key issue both candidates talk about is fracking. Joe Biden (says Donald Trump) will take away the right to frack in PA, and along with it thousands of jobs. Biden insists he won’t ban fracking, but in the next breath says he will “transition” the country away from using oil (and gas, all fossil fuels) over the next 15 years. Which is, in essence, a ban on fracking.
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Other Stories of Interest: Tue, Oct 27, 2020

MARCELLUS/UTICA REGION: Range Resources starting to deliver on its considerable potential; Coal magnate Robert E. Murray dies at age 80; OTHER U.S. REGIONS: Another public oil and gas operator in Oklahoma announces merger plans; NATIONAL: Natural gas futures, cash back above $3.00 as LNG demand reaches fresh highs; US shale tries to answer the carbon question; Oil and gas production to account for 68 percent of energy consumption over next two decades; Sanctions likely to dominate US-Russia energy links post election; Shale oil & gas M&As pick up: here’s what investors must know; Rockefeller Foundation pledges $1 billion for ‘green’ and ‘inclusive’ COVID-19 recovery; INTERNATIONAL: New Fortress Energy invests in green hydrogen production technology company H2Pro; AMLO mulling rollback of ‘neoliberal’ energy policies as U.S. legislators sound alarm.
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