Investment firm BlackGold Capital Management announced late last week it has purchased Overriding Royalty Interests (ORRI) in the Utica shale of Ohio from an unnamed seller. We have a guess as to who did the selling.
Read More “BlackGold Finds Blue Gold in Ohio Utica Royalty Investment”
In December, the Pennsylvania Dept. of Environmental Protection (DEP) released a draft of onerous new regulations that focus on reducing volatile organic compound (VOC) emissions and so-called fugitive methane (see Pa. DEP Jumps the Gun with Proposed New Emissions Regs). The new regs will force drillers and pipeline companies to spend big bucks to produce a teeny tiny improvement in emissions. The DEP is back with yet another revision of their onerous new regs, hoping this time they can ram them through and make them law.
Read More “PA DEP Releases Onerous New Air Regulations, Again”
On Friday, Arrow Material Services (based in Sewickley, PA) filed a lawsuit against Superior Silica Sands, also known as Emerge Energy Services (based in Fort Worth, TX) in Allegheny County Court for $24.9 million alleging breach of contract in providing frac sand.
Read More “Frac Sand Flap – Pittsburgh Logistics Co. Sues Texas Sand Co.”
What happened? Just a few weeks ago MDN told you that the West Virginia legislature had passed a bill with bipartisan support (and support from both the drilling industry and surface owners) that would redirect monies from low-producing oil and gas wells to fund a program to plug old abandoned wells (see WV Legislative Session Closes w/Several Pro-Drilling Bills Passed). WV Gov. Jim Justice vetoed the bill last week.
Read More “WV Governor Inexplicably Vetoes Bill to Plug Abandoned Wells”
The radical group Citizens for a Healthy Jessup is floating a plan to try and prevent any new Marcellus gas-fired electric plants from getting built in the Keystone State. Aided and abetted by a corrupt local newspaper, the group tries to pass itself off as a collection of local concerned citizens. It’s nothing of the sort.
Read More “PA Anti Group Seeks to Block New NatGas Elec Plants with New Law”
Ohio Congressman Bill Johnson is “urging patience” with PTT Global Chemical and their long-overdue final investment decision (FID) to move forwarding with building what is now being called a $7-$10 billion ethane cracker complex in Dilles Bottom (Belmont County), OH.
Read More “Ohio Congressman Johnson Says PTT Cracker Still On Track”
MARCELLUS/UTICA REGION: PA Senate bill would impose 2 year moratorium on hazardous liquids pipeline approvals; PA EQB to consider petition to create cap-and-trade program to reduce greenhouse gas emissions; EQT Foundation announces scholarships for Greene, Washington students; Cabot gives back to Susquehanna County first responders; NATIONAL: Amid the furor of the Green New Deal, don’t overlook the shale revolution; INTERNATIONAL: Natural gas prices crash as market suffers ‘winter hangover’.
Read More “Energy Stories of Interest: Mon, Apr 1, 2019”