Bankrupt EdgeMarc Sells Butler, PA Assets to KeyBank for $70M
EdgeMarc Energy, headquartered in Canonsburg, PA (once with 50,000 acres of Marcellus/Utica leases), filed for Chapter 11 bankruptcy last May, looking to sell all of the company’s assets (see EdgeMarc Energy Files for Bankruptcy, Blames Revolution Pipe). Diversified Gas & Oil picked up EdgeMarc’s Ohio Utica assets for $50 million in August (see Bankrupt EdgeMarc Sells Ohio Utica Assets to Diversified for $50M). And now, the balance of EdgeMarc’s assets–located in Butler County, PA– is slated to be sold too.
Read More “Bankrupt EdgeMarc Sells Butler, PA Assets to KeyBank for $70M”
Little Johnny one-note, Pennsylvania Gov. Tom Wolf, is once again singing a single note–and that note is a call to destroy what’s left of the PA Marcellus industry with a severance tax. He sang his one-note tune yesterday, doing his best Santa Claus routine. Wolf says he can give away $4.5 billion of “everything” PA residents desire most in life–if only the evil Republican leadership in both chambers of the legislature would allow a vote on his plan.
A number of Marcellus/Utica drillers recycle most, if not all of, the flowback and produced water from the wells they drill. Produced water (from the depths) continues to pour out of wells for years after they’re drilled. Produced water is super salty, filled with minerals. If a driller can’t reuse the water, they must dispose of it–typically via an injection well (in Ohio). Range Resources not only recycles all of its own produced water but also accepts and reuses produced water from 14 other drillers!
Two weeks ago MDN told you about two bills important to the oil and gas industry in West Virginia that are quickly advancing through the state’s current 60-day legislative session (see 
Last December the husband and wife team of Mark and Melinda Clatterbuck got themselves arrested for illegal trespass and disorderly conduct at a Mariner East 2 (ME2) pipeline site near Philadelphia (see 
Just a few days ago MDN brought you the sad news that the former Philadelphia Energy Solutions (PES) refinery, now closed, will stay closed permanently following a deal to sell the site to a warehouse developer from Chicago (see 
What is it about Yale University researchers and their obsession with sexually transmitted diseases? It seems like an unhealthy obsession to us. The same Yale brain trust that brought us a sham “study” in 2018 that said fracking causes STDs in Ohio (see 
MARCELLUS/UTICA REGION: Edgeworth council approves restrictions on natural gas development; Protesters urge Pitt vote on fossil fuel divestment; OTHER U.S. REGIONS: Cambridge, MA discusses natural gas ban, adopts motion to convene stakeholder meetings; INTERNATIONAL: LNG prices fall to 10-year low; India wants to delink Qatar gas supply deals from crude, Qatar says no.