EQT CEO Toby Rice’s No-Comment Comments on Chevron, CNX Rumors
We don’t know how Pittsburgh Business Times ace reporter Paul Gough does it. Yesterday we told you Gough had gotten CNX CEO Nick DeIuliis to, in a roundabout way, discuss the rumor that EQT has floated a takeover offer to his company (see CNX CEO Nick DeIuliis Responds to EQT Takeover Rumor). Gough has done it again, getting EQT CEO Toby Rice to, in a roundabout way, comment on the CNX rumor and on another rumor, that EQT is offering $750 million to buy Chevron’s Marcellus/Utica assets.
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Two shale wastewater injection well companies, DeepRock Disposal and Fountain Quail Energy Services, have merged. The combined company is keeping the DeepRock Disposal name. The new entity is one of the largest SWD (saltwater disposal well) operators in the Appalachian Basin with 12 wells located in Ohio and West Virginia (with permits for several more). However, the bigger news (for us) is that DeepRock plans to offload barged frack wastewater–very soon.
Energy Transfer (Sunoco Pipeline) is pushing back against a demand by the Pennsylvania Dept. of Environmental Protection (DEP) that the company’s Mariner East 2X pipeline project be rerouted around Marsh Creek State Park (in Chester County, PA) following a drilling mud spill in August. Sunoco has asked the PA Environmental Hearing Board, a special court created to hear appeals of DEP decisions, to override the DEP’s demand to reroute ME2X.
This would be funny if it weren’t so darned sad. In Lansing, NY, just outside of Planet Ithaca in Tompkins County, the local utility (NYSEG) wanted to build a short pipeline in 2017 to supply new customers with natural gas, but was blocked by crazies who irrationally hate fossil fuels (see 
A lawsuit against Pennsylvania driller EdgeMarc Energy that began in 2018 is finally settled. In Sept. 2018 MDN told you about a single former employee of EdgeMarc launching what turned into a class action lawsuit against the company alleging some employees were misclassified as independent contractors and denied overtime pay (see 
There is a reason why President Trump and sleepy/creepy Uncle Joe Biden are visiting Pennsylvania so much. It is one of the “battleground” states, likely THE state, that will determine who wins the presidential race next week. The key issue both candidates talk about is fracking. Joe Biden (says Donald Trump) will take away the right to frack in PA, and along with it thousands of jobs. Biden insists he won’t ban fracking, but in the next breath says he will “transition” the country away from using oil (and gas, all fossil fuels) over the next 15 years. Which is, in essence, a ban on fracking.
MARCELLUS/UTICA REGION: Range Resources starting to deliver on its considerable potential; Coal magnate Robert E. Murray dies at age 80; OTHER U.S. REGIONS: Another public oil and gas operator in Oklahoma announces merger plans; NATIONAL: Natural gas futures, cash back above $3.00 as LNG demand reaches fresh highs; US shale tries to answer the carbon question; Oil and gas production to account for 68 percent of energy consumption over next two decades; Sanctions likely to dominate US-Russia energy links post election; Shale oil & gas M&As pick up: here’s what investors must know; Rockefeller Foundation pledges $1 billion for ‘green’ and ‘inclusive’ COVID-19 recovery; INTERNATIONAL: New Fortress Energy invests in green hydrogen production technology company H2Pro; AMLO mulling rollback of ‘neoliberal’ energy policies as U.S. legislators sound alarm.