14 AGs Join Radical Green Groups Suing to Block LNG by Rail
In June the U.S. Department of Transportation’s Pipeline and Hazardous Materials Safety Administration (PHMSA), in coordination with the Federal Railroad Administration (FRA) published final rules to allow LNG (liquefied natural gas) to be safely transported by special rail cars (see PHMSA and Fed Railroad Admin Publish Final LNG by Rail Regs). Anti-fossil fuel zealots hate fossil fuels, including natural gas, so much, they have launched two lawsuits to prevent the new “LNG by rail” rules from taking effect. One lawsuit was filed by 14 Democrat state attorneys general, including PA AG Josh Shapiro. A second lawsuit was filed by six anti-American Big Green groups–including Earthjustice, Sierra Club, and THE Delaware Riverkeeper.
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We spotted a story from ace reporter Paul Gough (Pittsburgh Business Times) titled, “5 things to know about Pennsylvania’s new energy report.” According to Gough, earlier this week PA released a new “Pennsylvania Energy Jobs Overview” report. Wait, what? Why didn’t the Dept. of Environmental Protection (DEP) or Gov. Wolf’s office issue a press release to announce this new report? We don’t know why, but they didn’t. The DEP did issue a press release about an uptick in jobs in the so-called renewable energy sector–but nothing about all the other forms of energy. However, we have a copy of the full report (below). It shows the total number of jobs in the Marcellus/Utica went down last year by 7.4%, or 1,897 jobs lost.
Last week we brought you the bombshell news that Southwestern Energy is buying out and merging in Montage Resources in an all-stock deal worth roughly $857 million (see
Range Resources is running up the debt tab. In January the company issued $550 million in new notes (debt, IOUs) which they used to turn around and pay down older notes (see
Today is “notes” day on MDN. Yesterday three major Marcellus/Utica drillers, including Southwestern, Range, and the subject of this post–Antero Resources–all said they are issuing notes, or what we think of as IOUs (debt) in varying amounts. All of the notes issued are for the same reason–to pay down debt. Issue new debt to pay down old debt. Only in the world of high finance! For Antero, the company is issuing $250 million with an extra option to issue another $50 million, or $300 million total, potentially.
At a ceremony in Pittsburgh last week, federal EPA (Environmental Protection Agency) Administrator Andrew Wheeler unveiled two new rules for the oil and natural gas industry that removes ineffective and duplicative methane detection requirements while streamlining others (see
MARCELLUS/UTICA REGION: Marcellus multistep workflow helps operators assess parent/child well interactions; Belmont College builds skilled workforce in the tri-state region; OTHER U.S. REGIONS: Blackouts expose perils and costs of California’s ‘electrify everything’ push; NATIONAL: Henry Hub rally continues, supported by stumbling production, rising demand; Biden presidency could spur change in climate litigation; AEA endorses Donald J. Trump for President of the United States; INTERNATIONAL: U.S. sanctions said unlikely to halt Nord Stream 2 pipeline.