Gulfport Energy Emerges from Bankruptcy w/New Board, CEO/CFO Gone
Last November Gulfport Energy, the third-largest driller in the Ohio Utica Shale (by the number of wells drilled), filed for a “pre-arranged” Chapter 11 bankruptcy (see Gulfport Energy Files for Pre-arranged Chapter 11 Bankruptcy). Gulfport’s bankruptcy road has been bumpy (see Gulfport’s Bumpy Bankruptcy – Asset Transfer, Exec Bonuses Questioned). The bumps are now gone, along with the former CEO, CFO, and board of directors.
Read More “Gulfport Energy Emerges from Bankruptcy w/New Board, CEO/CFO Gone”
New York State has become outright hostile to any business remotely connected to fossil fuels. NY is prejudiced and discriminates against oil and natural gas. The latest example is a “bitcoin miner” that uses natural gas to produce electricity to power some serious computers. Even though the company is doing its best to atone for its “sin” of using natural gas via buying indulgences (aka carbon offsets), environmentalist wackos still oppose the facility located in Dresden, near beautiful Seneca Lake (one of New York’s Finger Lakes) in the central part of the state.
Ohio’s House Bill (HB) 6 law granted billions (plural) of dollars to FirstEnergy in an attempt to prop up the company’s economically failing nuclear power plants. FirstEnergy bribed state legislators to pass, and keep passed, HB 6 by paying out $61 million to a small group of insiders, including the now-former Speaker of the House (see 
The International Energy Agency (IEA) is in somebody’s back pocket–like Saudi Arabia, or maybe some of the other OPEC members. How do we know? The IEA has just published a nonsensical “report” called “Net Zero by 2050: A Roadmap for the Global Energy Sector” (full copy below). In the report, IEA makes the preposterous claim that if the world (i.e. the U.S.) doesn’t stop all new drilling for oil and gas right now, today, the earth will toast itself into oblivion by 2050. As we so often say, follow the money.
Our friend Mark Mathis at the Clear Energy Alliance has done it again. Mark has produced another fantastic, short video (4 1/2 minutes long) that superbly explains the modern “climate crisis” panic that we see being forced on the public day after day by a compliant media. We are told by very stupid people like Alexandria Ocasio-Cortez (Occasional-Cortex) that we have just 10-12 years and then it’s all over. We’re done. We’re toasted. Because we continue to burn fossil fuels. She’s a certifiable idiot. Why do large multi-national corporations, Big Green groups, and others continue to promote her wildly wrong theories and Green New Deal? As Mark so eloquently summarizes: panic = profit. People are making money from this gigantic global warming hoax.
All three M-U states received permits to drill new shale wells last week. Pennsylvania received a sizable 14 new permits (after receiving 18 permits the previous week). The majority of those permits were for wells on three pads in northeastern PA. Ohio received 3 new permits last week all in one county (Greene) for one driller (Eclipse, now owned by Southwestern Energy) on one well pad. And West Virginia received a sizable 13 new permits with 9 of them split between two well pads for different drillers (Northeast Natural Energy and Tug Hill).
OTHER U.S. REGIONS: California proposal embraces all-electric buildings but stops short of gas ban; Texas Gov. Greg Abbott signs law to bar city climate plans from banning natural gas as fuel source; NATIONAL: Shale drillers show restraint in Q1; Carbon pricing is an economic bomb and a tax on everything; INTERNATIONAL: Government publishes much-anticipated LNG policy statement; Will Hochstein block Nord Stream 2? Bidens’ corruption exposed.