The media spin machine and anti-fossil fuelers are in overdrive, but they can’t paper over this fact: Yesterday the U.S. Supreme Court expressed a very loud and clear interest in hearing the PennEast Pipeline vs. New Jersey case–and that spells bad news for NJ and its radical Attorney General who is trying to block the pipeline from entering the state.
Read More “US Supreme Court Signals It Wants to Hear PennEast Pipeline Case”
Former Chester County, PA District Attorney Tom Hogan (RINO), and his successor Deb Ryan (Democrat) are 100% humiliated after a Chester County Magisterial District Judge dismissed the entire case against the local head of security for Energy Transfer in what the DA’s office lyingly calls a “buy a badge scheme.” Judge John Bailey dismissed all 54 criminal counts against Frank Recknagel over his hiring of constables as off-duty security guards for the Mariner East pipeline project. The DA’s office tried to criminalize moonlighting for the pipeline.
Read More “Chester DA Charges Against ME Pipe Security Chief Tossed by Judge”
We’ll try not to sound arrogant, but once again *only* MDN nailed it–which is why you subscribe, right? Yesterday we brought you the news that Chesapeake Energy has finally filed for bankruptcy (see Chesapeake Files for Bankruptcy – Debtors to Take Ownership). In our opening paragraph, we told pipeline companies according to the language we read in the press release, that Chessy is “looking to break existing contracts, using the bankruptcy filing as an excuse.” And guess what? That is exactly what happened, including a request to break a contract with Crestwood’s Stagecoach Pipeline in the Marcellus/Utica.
Read More “Chesapeake Asks Court to Break Pipeline Contracts, Including M-U”
On Sunday Chesapeake Energy filed for bankruptcy (see Chesapeake Files for Bankruptcy – Debtors to Take Ownership). Yesterday the New York Stock Exchange, on which Chesapeake shares (CHK) trade, halted trading and immediately began proceedings to delist the stock.
Read More “Chesapeake’s Existing Stockholders Wiped Out – Shares Delisted”
Nuverra Environmental Solutions (formerly Heckmann) is one of the largest companies in the United States that handles transportation and disposal of shale drilling wastewater and leftover rock and dirt from drilling. The company has major operations in the Marcellus/Utica region. In April the company laid off roughly 100 employees (see Nuverra Environmental Cuts Budget 30%, Lays off 100 People). Yesterday the company finally released first-quarter 2020 results. Revenue was down and losses were up.
Read More “Nuverra 1Q20 Results: “Stormy Like Most of Us Have Never Seen””
This is one of those “follow the bouncing ball” stories with lots of names. Bear with us because there is a connection to the Marcellus/Utica region. BP Energy Partners, a private equity firm based in Dallas, TX, invests in (and ultimately controls) a number of companies. Two of their portfolio companies are Thigpen Solutions and Blue Roads Solutions, both virtual pipeline companies delivering CNG and LNG to different types of customers. BP is merging the two into one company and renaming it Sapphire Gas Solutions.
Read More “Thigpen & Blue Roads Merging to Form Sapphire Gas Virtual Pipe Co”
MARCELLUS/UTICA REGION: Construction worker “lucky to be alive” following incident at Wellsburg Bridge site; OTHER U.S. REGIONS: DTE Energy extends net zero goal to include gas company; Minnesota sues Exxon, Koch over climate change; NATIONAL: U.S. commercial crude oil inventories reach all-time high; Oil at $30 may be enough to revive shale activity, say drillers; Shale fracking returns, tapping huge glut of idled equipment; INTERNATIONAL: BP sells petrochemicals business to Ineos for $5 billion; India courts foreign investment to boost natural gas use.
Read More “Shale Energy Stories of Interest: Tue, Jun 30, 2020”