Reuters: Mixed Signals at Chesapeake Energy, No Clear Strategy
Reuters is reporting things aren’t so rosy at Chesapeake Energy these days. You may recall the company exited bankruptcy in February (see Chesapeake Emerges from Ch. 11 Bankruptcy, Stock Restarts Trading). A few months later CEO Doug Lawler was canned (see Doug Lawler Out as CEO of Chesapeake Energy). In June, three top vice presidents who reported to Lawler were also canned (see Chessy’s Head Driller, Head Lawyer, and Head Accountant Get Fired). Chesapeake board chairman, Mike Wichterich, took over as interim CEO while the company conducts a search for a permanent replacement. It is leaked comments made by Wichterich to Chesapeake staffers that is raising some eyebrows.
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Last December MDN told you that a REV LNG small-scale LNG facility near Towanda (in Wyalusing, Bradford County, PA), had successfully supplied LNG to support the bunkering of a marine vessel at the Port of Hamilton in Ontario (see 
Equitrans Midstream issued its second quarter update earlier this week. Naturally, all eyes were on information and updates related to the company’s 303-mile Mountain Valley Pipeline (MVP) from West Virginia to Virginia, which is now 92% complete. We have an update on MVP. However, it was a stray comment by Diana Charletta, President and COO, that caught our attention. Equitrans recently conducted an open season related to the Equitrans pipeline, looking to expand capacity along the pipeline to the Midwest and Gulf Coast.
Northeast Pennsylvania high schoolers are getting a look at what a career in the shale energy field looks like. The Susquehanna County Career and Technology Center in Dimock, in cooperation with Cabot Oil & Gas, is hosting its annual week-long Energy and Oilfield Career Experience summer camp. Susquehanna County, the only county where Cabot drills, is the #1 producer of natural gas in PA. Has been for years.
No doubt you’ve heard plenty in mainstream media recently about the $1 trillion so-called infrastructure bill currently being debated in Congress. What the mainstream media won’t tell you is the truth–that this bill is incredibly bad for the country in its current form. The bill includes measures allowing more federal control over state and local building codes to force everyone to adopt Biden’s “appliance electrification” plan by discouraging the use of natural gas in homes and businesses. Yes, Biden plans to phase out your right to burn natural gas in your furnace and in your stove. Welcome to the USSR.
OTHER U.S. REGIONS: Dakota oil pipeline expansion completed; NATIONAL: With climate litigation failing, Rockefellers try a different angle; Now Biden is trying to racialize energy, too; John Kerry questions long-term future of natural gas.