Public Hearing Held on WV Forced Polling Bill, Final Vote This Week
Yesterday the West Virginia House Energy and Manufacturing Committee held a public hearing to elicit feedback and comments on Senate Bill (SB) 694, a bill that will, after nearly a decade, provide for forced pooling for shale wells in the state. The bill has already passed the WV Senate and likely will come up for a vote by the full House this week. Based on support from both drillers and landowner groups, it appears this bill is a done deal. Even surface owners are “OK” with the bill. Not thrilled, but OK. About the only dissent we could detect from the hearing is that some believe it doesn’t go far enough with forced pooling.
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In April 2021, CNX Resources Corp. announced instead of just blowing smoke about ESG (environmental, social, governance) with pretty slide shows and hoopla, they would donate $30 million to local, underserved communities and populations in the tri-state region (see
In early 2013 the Pittsburgh International Airport and Allegheny County, PA signed a deal with CONSOL Energy (now CNX Resources) to lease 9,000 acres surrounding the airport for natural gas drilling (see
Hackers, believed to be “state-sponsored,” aggressively targeted computers belonging to current and former employees at two dozen major natural gas suppliers and exporters. The aim seemed to be an attempt to cripple U.S. LNG exporting ability. One of the targets of the attacks was EQT Corporation, the largest natural gas producer in the U.S. The activity occurred on the eve of Russia’s invasion of Ukraine. You do the math to figure out who the “state sponsor” of the attacks was.
Only four (known) times since 2017 have U.S. shale producers met face-to-face with representatives from the OPEC cartel to discuss “energy concerns.” Yesterday was one of those four times, happening in Houston, Texas where everyone who’s anyone is meeting at the CERAWeek conference. (Yes, we’re nobodies…we aren’t there.) Among the shale execs meeting with OPEC was none other than the largest natural gas producer in the U.S. (and in the Marcellus/Utica), EQT CEO Toby Rice. What was discussed?
For over a year the oil and gas industry has been swept up in net-zero carbon emissions mania. We can provide countless examples of M-U drillers and pipeline companies jumping on the net-zero carbon bandwagon (
OTHER U.S. REGIONS: Shell to buy LNG from Venture Global’s Plaquemines plant; NATIONAL: Biden admin rolls out new regulations and funding for cleaner trucks & buses; How a weak Biden, capitulating to the green left, enabled Putin’s invasion; The Biden admin should convene a summit with U.S. oil producers; INTERNATIONAL: European natgas prices top $100 as ‘panic buying’ fuels record; Is $150 oil inevitable?; Russia threatens to cut natural gas flows to Europe via Nord Stream 1.