Pittsburgh Pipeline Co Closes, Enters Chapter 7 Bankruptcy
A natural gas pipeline project management company based in Canonsburg, PA, GW Ridge LLC, ceased all operations in November and filed for bankruptcy in a Texas federal court. Creditors owed money filed a competing Chapter 7 bankruptcy action against the company in Pittsburgh and GW Ridge withdrew its Texas filing and agreed to allow the Pittsburgh case to proceed. A Chapter 7 (as opposed to a Chapter 11) means the company has stopped all operations and its assets will be sold or auctioned and the money given to creditors. GW Ridge is no more.
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MDN first told you about plans to build the Chickahominy Power Station, a 1,650 megawatt state-of-the-art natural gas-fired power plant in Charles City County, VA, in June 2018 (see 
Diversified Energy, which owns close to 8 million acres of leases with some 67,000 (mostly) conventional oil and gas wells (with over 400 Marcellus/Utica shale wells), made 2021 the year to expand–outside the M-U region. The company purchased major assets in the Cotton Valley/Haynesville region of Lousiana, the Barnett play in Texas, and most recently, in the Mid-Continent in Oklahoma. Diversified announced it has closed on its fourth purchase for 2021 in the Mid-Continent.
Southwestern Energy announced in early November it had struck a deal to buy GEP Haynesville, a subsidiary of GeoSouthern (see 
Speakers on a panel at the recent 23rd World Petroleum Congress, held in Houston, TX, made a strong case for natural gas as the only legitimate “green” alternative to power the world. At least for the next couple of decades. The panel was called “Can Natural Gas, Including LNG, Deliver on the Promise of a Clean & Affordable Transition Fuel?” Charif Souki, Chairman of Tellurian and founder of Cheniere Energy, along with Jim Teague, Chief Executive of Enterprise Products Partners, made some great points. Souki asked the question, why in the world would we “trade” dealing with OPEC for dealing with (subjugation to) China?
An issue we’ve written about over the years is the problem of some (certainly not all) so-called climate activists (those who believe in man-made global warming) tipping over from being boisterous and loud and making silly asses of themselves into something more: becoming violent. Thankfully such violent/terroristic episodes have been few and far between. But something is changing. Some leaders of the modern environmental left are beginning to advocate for violence–like blowing up pipelines. They justify their calls for terrorism as somehow heroic or necessary to save the planet.
OTHER U.S. REGIONS: NC governor vetoes bill that would keep local governments from banning natural gas; NATIONAL: Democrats asking Biden not to ban oil exports; Catalyst technology converts methane greenhouse gas into useful, valuable chemicals; The stealth gas-heating tax; INTERNATIONAL: Russian gas is a climate and security disaster.