GreenHunter Out of Bankruptcy, Merges with Fountain Quail Disposal
In December we reported the sad news that Magnum Hunter Resources (MHR) finally had to file for Chapter 11 bankruptcy protection (see Sad Day: Magnum Hunter Files for Chapter 11 Bankruptcy). MHR has a variety of subsidiary companies. One of those companies, GreenHunter Resources (water and wastewater) also succumbed and filed for bankruptcy in March (see Another Sad Day: GreenHunter Resources Files for Bankruptcy). “Restructuring” as it’s called, was completed for GreenHunter in May and the company emerged from bankruptcy under the ownership of a private equity firm. GreenHunter has shed its name and merged with/taken on a new name: Fountain Quail Disposal. The CEO of Fountain Quail is the former Executive Vice President and COO of GreenHunter, Kirk Trosclair. So Trosclair survived the bankruptcy process, unlike his former boss Gary Evans (see Magnum Hunter Emerges from Bankruptcy with CEO Gary Evans Gone). Here’s what we know about GreenHunter becoming Fountain Quail Disposal…
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Boom. The trigger was pulled and the depressed mental patient–in this case the Friendsville Town Council, has committed fracking suicide. MDN told you in March that the unfriendly people of Friendsville, Maryland were contemplating fracking suicide (see 
This is how it works with adults, those who wear “big boy pants.” A few weeks ago the Federal Energy Regulatory Commission (FERC) told Energy Transfer that their Rover pipeline, a $3.7 billion, 711-mile Marcellus/Utica natural gas pipeline that will run from PA, WV and eastern OH through OH into Michigan and eventually into Canada, and Columbia Pipeline that their Leach XPress pipeline, running from Marshall County, WV through Ohio to Leach, KY, that a small section where the pipelines cross must be reworked or it’s a “no go” for both projects (see 
The Canadian Energy Research Institute (CERI) recently released the “Canadian Natural Gas Market Review” (full copy of the 159-page report embedded below). The study looks at the future of Canada’s natural gas upstream (i.e. drilling) industry, taking into consideration the history of the industry, changing market dynamics due to the advancements in horizontal drilling and hydraulic fracturing technology, the recent drop in oil and natural gas prices, and policy developments (i.e. government interference). In the Executive Summary, which we include immediately below, you’ll read that the Canadians have a lot to say about the Marcellus Shale. Canada is importing more natgas than ever–because of cheap, abundant, clean-burning Marcellus Shale gas in the northeast. The report also comments on Canada’s chances of becoming a big exporter of gas via LNG. Canada can, theoretically, increase its own natgas production by 65% over the next 20 years–but only if a number of planned LNG export facilities go online to provide a market for all of that gas…
We’ve written plenty about President Obama’s so-called Clean Power Plan (CPP), introduced last summer, a plan to force electric generators to convert to using more “renewable” sources of energy–and less fossil fuels (see 
MDN first alerted you to a sleazy tactic used to slow down the pipeline approval process in October 2015 (see 
A poll recently conducted for Consumer Energy Alliance (CEA) shows that Massachusetts voters believe that energy issues are important, and that Massachusetts voters STRONGLY support the use of natural gas for electricity generation, AND the expansion of existing natural gas infrastructure. Some 73% of Mass. voters want to use natural gas to generate electricity. That is an astonishing majority in a very liberal state. Some 68% of those voters say energy issues will affect how they vote in November. Here’s the results…
More money is on the way to the oil and gas sector–so says powerhouse consulting and accounting firm Ernst & Young. An EY survey, titled “Capitalizing on opportunities: Private equity investment in oil and gas” (full copy below) says there is close to $1 trillion in private equity waiting to be invested across all sectors. Some 43% of private equity investors say they are looking to spread some of that money in the oil and gas space. The question is, which region(s) of the world will see appreciable amounts of that investment?…
The “best of the rest” – stories that caught MDN’s eye that you may be interested in reading. In today’s lineup: Appalachian driller stocks soared in 1H16; David Einhorn sells 7M shares of CONSOL; OH now as 1,334 shale wells producing; PA PUC approves plans to replace aging natgas pipelines; oil price rally is now over, says world’s #1 oil trader; Crazy Bernie and his anti-fracking friends; US natgas future shines brighter; OPEC worked to screw US shale; and more!