Marcellus Drilling News

Energy Companies | EQT Corp | Industrywide Issues | Litigation | Pennsylvania | Statewide PA | Trucking

Trucking Company Sues EQT for Racial Bias, Canceled $66M Contract
August 20, 2020August 20, 2020

Pittsburgh-based IntegrServ, a trucking company partly owned by former Pittsburgh Steeler Jerome Bettis, filed a federal lawsuit yesterday against EQT claiming discrimination against the company as a minority-owned company after it canceled a contract worth some $66 million last year. This is an involved story and of course, there are always two sides to every story (and two sides to every lawsuit).
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Antero Resources | Doddridge County | Energy Companies | Jay-Bee Oil & Gas | Lease & Royalty Payments | West Virginia

Peregrine Buys Royalty Rights from Doddridge County, WV Landowners
August 20, 2020August 20, 2020

Peregrine Energy Partners, headquartered in Dallas, Texas, continues a program to buy royalty rights in the Marcellus/Utica. Peregrine announced yesterday the company has cut a deal to buy “producing royalties in Doddridge County, West Virginia from several private sellers.” The private sellers are landowners/rights owners with wells drilled by Antero Resources and Jay-Bee Oil & Gas. No details on how much the deal was for.
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Electrical Generation | Energy Services | FirstEnergy | Industrywide Issues | Litigation | Ohio | Statewide OH

Ohio AG Asks Court to Stop Payments to FirstEnergy Nuke Plants
August 20, 2020August 20, 2020

FirstEnergy Solutions (now called Energy Harbor) allegedly paid $60 million in bribes to (now former) Ohio House Speaker Larry Householder and four of his associates to gain their assistance in passing the hugely unpopular House Bill 6 (see FirstEnergy Involved in Bribery Scheme to Pass $1B Nuke Bailout Law). HB 6, which became law, gives Energy Harbor $1.1 billion in ratepayer funds over seven years to prop up the company’s uneconomic nuclear power plants (disadvantaging other energy sources, like gas-fired power plants). Ohio’s Attorney General is asking a bankruptcy court to stop those annual $150 million payments.
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Industrywide Issues | Research | Statewide WV | West Virginia

WVU Researchers Get $1.5M Grant to Develop Fugitive Methane Tech
August 20, 2020August 20, 2020

Researchers at West Virginia University have won a $1.5 million grant from the U.S. Dept. of Energy to develop technology that will cut down (eliminate) methane from leaking at natural gas production sites–like wells and pipelines. The researchers are developing a “methane mitigator system” to trap what is sometimes called “fugitive methane.” But don’t expect successful outcomes from this research to appease environmental nutjobs. They’ll still hate methane anyway, even if every last molecule is trapped.
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Ohio | Statewide OH

OH NatGas/Oil Producers Launch Statewide Public Awareness Campaign
August 20, 2020August 20, 2020

Ohio’s oil and natural gas producers via OOGEEP (Ohio Oil & Gas Energy Education Program) have just launched a major statewide public awareness campaign dubbed Essential Ohio Energy. The campaign includes (so far) two TV commercials (we have both embedded below). OOGEEP is spending big money to blanket the state and remind folks of the key role played by fossil fuels in every single aspect of their lives. We need to see more of this kind of thing.
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Anti-Drilling/Fossil Fuel | Industrywide Issues | Ohio | Statewide OH

What a Biden Presidency Would Mean for Ohio…It Ain’t Pretty
August 20, 2020August 20, 2020

We spotted a great editorial in an Ohio newspaper that succinctly and accurately describes what will happen in Ohio if Joe Biden’s environmental socialism program (cost of $2 trillion) actually gets implemented. What would happen? Some 700,000 jobs in Ohio will disappear. So too will some $245 billion in Ohio GDP (gross domestic product). It is, literally, a nightmare.
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Best of the Rest

Shale Energy Stories of Interest: Thu, Aug 20, 2020
August 20, 2020August 20, 2020

MARCELLUS/UTICA REGION: Biden’s assault on free speech in Pennsylvania re fracking; PA Congressmen speaks out regarding commonwealth fracking concerns; Shale producers see gas curtailments differently as prices still slide; OTHER U.S. REGIONS: California’s Faustian bargain: you get the electricity you pay for; NATIONAL: Are there signs of green shoots in U.S. shale oil production?; Petrochemical manufacturing to drive U.S. ethane production growth into 2021; Biden’s assault on ‘shareholder capitalism’.
Read More “Shale Energy Stories of Interest: Thu, Aug 20, 2020”