Here We Go Again: Enterprise Products Wants to Buy Williams
Just when you thought things had finally settled down with midstream giant Williams, a new rumor is making the rounds. Brief history: Energy Transfer Equity’s (ETE) billionaire CEO Kelsy Warren propositioned Williams for over six months before going public with his overtures (see Energy Transfer Makes “Indecent Proposal” to Buy Williams for $48B). Williams resisted, but eventually they caved and agreed to the deal, although the deal price went down by $10 billion (see Williams Accepts ETE’s “Indecent Proposal” – Price Went Down $10B). Warren claims he got snookered and got cold feet, eventually bailing (see Dead as a Doornail: ETE Terminates Merger with Williams). Now the rumor mill is buzzing. Another company, Enterprise Products Partners, is making overtures to buy Williams for an undisclosed sum…
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This one has us scratching our heads. Landowners Damon and Kendra Baker, in Tioga County, PA, signed a lease with Shell’s SWEPI in 2006. We’re guessing the signing bonus was peanuts because at that time the Marcellus was still in its infancy in PA. SWEPI constructed a well pad on their property in 2010 but had drilled no wells by the time the lease expired in 2011. The Bakers wanted a healthy re-signing bonus to allow SWEPI to lease their land again. SWEPI’s final offer was $150,000 (not sure for how many acres). The Baker’s, according to SWEPI, wanted half a million dollars. SWEPI said “no thanks” and therefore, according to state Dept. of Environmental Protection standards, needs to restore the property to its original state and be done with it. But the Bakers won’t let them re-enter the property. So SWEPI is suing and the clock is ticking–they only have until December to put it back to original condition or the company will be fined $500/day until it’s done…
In January, three liberal Democrat county commissioners from Fayette County, WV, with the backing and help of the radical WV Mountain Party, voted to ban injection wells in the county (see 
In March 2015, Dominion–a huge natural gas and electric utility as well as a midstream company–announced plans to build the State of Virginia’s largest natural gas powered electric generating plant, in Greensville County, VA (see 
A company we’ve written about for the past few years is UMH Properties–a New Jersey-based real estate company that keeps snapping up trailer parks in the Marcellus/Utica region (see our 
Stark State College, located in North Canton, OH, has just been awarded a half million dollar grant from OH Gov. John Kasich’s Education Innovation program to provide ShaleNET education and training to students at Stark State’s sister schools, Eastern Gateway Community College in Steubenville, OH and Hocking College in Nelsonville, OH. MDN first reported on Stark’s new Well Site Training Center back in 2014 (see 
We’ve commented on the impending election this November a few times. We try to keep our opinions about the disastrous Hillary Clinton out of MDN as much as possible, realizing not everyone agrees with us. (Have we told you lately what a DISASTER she would be as president?) However, energy–in particular fracking and shale–is a key issue in the upcoming election. Nowhere is that more obvious than the official party platforms recently adopted at each national party’s convention (in Cleveland for the Republicans, and in Philadelphia for the Democrats). The National Association of Royalty Owners (NARO) has done us a favor. NARO, a non-partisan organization, has extracted statements from each party platform with respect to energy issues (see it below). IT IS STRIKING. The Republican platform is pro-fossil fuel and the Democrat platform is anti-fossil fuel. There is no other conclusion you can draw. The Democrat platform calls for bizarre policies like requiring energy from so-called renewables to power 50% of our electricity within 10 years–an impossible goal that would destroy our country’s economy. Folks, there is no other way of saying this than to say it: A vote for Hillary is a vote to end your own job (if you work in and around the energy industry). Are you insane? No, we didn’t think so. Prove it by voting for Trump…
The “best of the rest” – stories that caught MDN’s eye that you may be interested in reading. In today’s lineup: Eric Schneiderman, NY’s tempestuous AG, does NRDC’s bidding in war against Exxon; final DEP Mariner East 2 hearing; TVA natgas-fired electric plant coming in TN; Sierra Clubbers file lawsuit against Sabal Trail pipeline; the coming frac sand boom; Eleventh Circuit Court disappoints, won’t hear WOTUS case; US ethane squeezing out Canadian propane/butane; and more!