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Victory! Atlantic Coast Pipeline Wins US Supreme Court Case
We finally have a major court victory over the forces of anti-fossil fuel evil, so let’s sit back and soak in the warmth and sunshine of this moment. Yesterday the U.S. Supreme Court delivered a decision we expected, a decision that allows Dominion’s Atlantic Coast Pipeline (ACP), a 600-mile project from West Virginia through Virginia and into North Carolina, to cross under the Appalachian Trail. The decision is not only a victory for ACP, which is only about 6% built, but also a victory for the 303-mile Mountain Valley Pipeline, which is 92% built. MVP also needs to pass under the Trail.
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We’ve been on bankruptcy watch for Chesapeake Energy for some time now. We told you yesterday that the company faced a $17 million debt payment deadline yesterday, and faces a $134 million bond interest payment on July 1 (see 
The door has been closed on “Dimock” (in Susquehanna County, PA) for years. Dimock, you may recall, was made famous by Josh Fox’s so-called documentaries Gasland and Gasland 2, aired endlessly on HBO. His allegations about fracking malfeasance by Cabot Oil & Gas were completely debunked in a real documentary called 
Yesterday our favorite government agency, the U.S. Energy Information Administration (EIA), issued our favorite monthly report, the Drilling Productivity Report (DPR). The DPR estimates how much oil and natural gas each of the country’s seven largest shale plays produced in the previous (current) month, and how much each will produce in the coming (next) month. The June report, which predicts production for the coming month of July, estimates natural gas production in the Permian basin has just about stabilized (will go down just a little). However, natgas production in the Marcellus/Utica will continue to drop like a rock in the coming month.
The ne’er-do-wells from Big Green groups including THE Delaware Riverkeeper, Sierra Club, Food & Water Watch and a mish-mash of other loudmouths are attempting to bully the Delaware River Basin Commission (DRBC) into overturning their previous decision to allow a simple ship dock to get built along the shore of the Delaware River in New Jersey so ships can load LNG already liquefied and waiting. Given the DRBC’s weak leadership, we wonder if the DRBC will (again) cave to the demands of the radicals.
OTHER U.S. REGIONS: Stanford will not divest from fossil fuels, Board of Trustees decides; NATIONAL: Spike in U.S. LNG imports seen unlikely, but ‘anything can happen’ in distressed market; The ‘’second wave’’ of COVID-19 could crush oil markets; Will America’s pipeline operators survive the oil crisis?; The U.S. has already lost more than 100,000 oil and gas jobs; Banks cut shale drillers’ lifelines as losses mount; U.S. Democratic Party irked by council’s ‘insurgent’ climate plan; INTERNATIONAL: BC LNG Alliance announces rebranding, citing fuel’s importance for all of Canada.