Road Trip! EQT CEO Toby Rice Talks to Landowners in Town Hall Mtgs
After a bruising proxy fight, Toby and Derek Rice (formerly from Rice Energy) won control of EQT, the largest natural gas-producing company in the U.S. (see Rice Bros. Win Proxy War to Control EQT – Toby Rice New CEO). Toby Rice has been CEO for barely a month. He announced late last week that he would conduct four “town hall” style meetings with landowners–two this week and two next week.
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This one slipped under the radar for a bit. At the end of June, Pittsburgh-area Falcon Drilling, a Marcellus and Utica shale drilling contractor, announced it is buying out and merging in another Pittsburgh-area drilling company, Complete Drilling Solutions. Terms of the deal were not disclosed.
Last week MDN brought you an RBN Energy article that outlines how Marcellus/Utica gas hitches a ride to the Gulf Coast to feed several LNG export facilities–specifically the newly-minted Cameron LNG export facility (see 
There is no disputing the fact that the Marcellus Shale has fundamentally changed the economic landscape for Pennsylvania–for the better. A former PA state senator and county commissioner from southeast PA recently went on a tour of shale related infrastructure in western PA and wrote an insightful editorial that outlines the case in favor of building *more* natural gas pipelines in the state.
When the anti-fossil fuel Park Foundation pays your salary, your “research” had darned well better reflect an anti-fossil fuel result. Or else the money spigot quickly gets cut off. That’s what explains the latest “study” published (in Europe, not the U.S.) by Cornell University professor Robert Howarth–a study that claims shale drilling is pumping catastrophic amounts of methane into the atmosphere making Mom Earth toast.
We’re highlighting a second scientific study today, this one real. We told you about Cornell University’s Robert Howarth’s faux study that says methane escaping from shale wells is causing the planet to toast. This second study, from Princeton University, actually performed in-the-field experiments to measure methane escaping from Marcellus Shale wells in Pennsylvania. Real science. The study found some 77% of the methane that escapes into the atmosphere comes from 10% of the wells–and concludes if we can identify and fix the 10%, we’ll go a long way to solving the escaping methane issue.
MARCELLUS/UTICA REGION: Study breaks down the fastest-growing jobs in WV; Johnson praises students at New Castle School of Trades; NATIONAL: Bloom Energy stock swoons because attitudes on fossil fuel are changing; Oil exports boost US trade balance says Pulitzer Prize winner Daniel Yergin; INTERNATIONAL: New Brunswick Indian tribe blocks shale drilling in province; A few traders are making money off LNG tankers going nowhere.