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  • Industrywide Issues | Pennsylvania | Pipelines | Regulation | Statewide PA

    PA PUC Pushes Forward with Onerous New Regs for Liquids Pipelines

    April 18, 2022April 18, 2022
    regulations

    Some three years ago the Pennsylvania Public Utility Commission (PUC) began the process of formulating new regulations that will apply to intrastate pipelines transporting gasoline, petroleum, crude oil, and natural gas liquids like ethane. In July 2021, the PUC finally published a draft of proposed new regs (see PA PUC Proposes New Regs for Pipelines – Landmen Must be Licensed). After initial feedback, the PUC officially published their draft regs in February 2022, called a Notice of Proposed Rulemaking Order (or a NOPR). On April 12, last week, the PA Dept. of Environmental Protection (DEP) along with affected groups like the American Petroleum Institute (API) filed comments on the PUC’s new regulations.
    Read More “PA PUC Pushes Forward with Onerous New Regs for Liquids Pipelines”

  • Beaver County | Energy Companies | Hydraulic Fracturing | Industrywide Issues | PennEnergy Resources | Pennsylvania | Regulation

    Dem PA Lawmaker Continues to Oppose PennEnergy Creek Water Request

    April 18, 2022April 18, 2022
    Big Sewickley Creek Watershed (click for larger version)

    In July 2021, a Pennsylvania Democrat lawmaker from Beaver County (southwestern PA) who professes to support the Marcellus industry, Rep. Rob Matzie, wrote a letter to Dept. of Environmental Protection (DEP) Secretary Pat McDonnell (a fellow Dem) asking him to deny a request by PennEnergy Resources to withdraw as much as 3 million gallons of water a day from Big Sewickley Creek and one of its tributaries for shale fracking (see Dem PA Lawmaker Wants to Block Use of Creek Water for Fracking). McDonnell honored his fellow Dem’s request and blocked PennEnergy’s request to use creek water in October (see PA DEP Blocks Use of SWPA Creek Water for Fracking). Matzie is back, this time to oppose a second request by PennEnergy to withdraw half the amount of water from Big Sewickley Creek.
    Read More “Dem PA Lawmaker Continues to Oppose PennEnergy Creek Water Request”

  • Energy Companies | Rockdale

    Court Approves Rockdale Marcellus Plan to Finish Closing the Doors

    April 18, 2022April 18, 2022

    Last September MDN broke the news that Rockdale Marcellus had filed for Chapter 11 bankruptcy protection in U.S. Bankruptcy Court for the Western District of Pennsylvania (see NEPA Driller Rockdale Marcellus Files for Chapter 11 Bankruptcy). In January we told you that Repsol had won an auction to buy the assets for $220 million in cash, plus the assumption of $2 million in debt owed to trade creditors (see Sale of Rockdale PA Assets to Repsol Closes – $220M Cash, $2M Debt). After the sale to Repsol and payments to key creditors, there’s still a small pot of cash ($17.7 million) leftover. Rockdale’s plan to distribute it and other miscellaneous assets to some of the remaining creditors, and close the doors forever, was approved last week by the bankruptcy court.
    Read More “Court Approves Rockdale Marcellus Plan to Finish Closing the Doors”

  • Antero Resources | Chesapeake Energy | CNX Resources | Coterra Energy (Cabot O&G) | Energy Companies | Epsilon Energy | EQT Corp | Greylock Energy | Gulfport Energy | Range Resources Corp | Repsol | Seneca Resources | Southwestern Energy

    Looking to Invest in O&G Companies? M-U Drillers Offer Big Returns

    April 18, 2022April 18, 2022

    One of the hottest of the hot sectors in which to invest (right now) is shale energy. That’s according to multiple sources, including a veteran finance writer, investor, engineer, and researcher. In an article appearing on the OilPrice.com website, Alex Kimani talks up mid-cap energy stocks as outperforming the supermajors. Among two of Kimani’s top three picks are two Marcellus/Utica drillers, who are having a stellar year in stock performance. We went looking for the stock performance of other M-U drillers too. We have a list to share showing just how much each driller’s share price has increased this year.
    Read More “Looking to Invest in O&G Companies? M-U Drillers Offer Big Returns”

  • Allegheny County | Industrywide Issues | M&A | Pennsylvania

    GAI Buys Texas Engineering Co. to Expand Services in M-U, Elsewhere

    April 18, 2022April 18, 2022

    GAI Consultants, headquartered in Pittsburgh, is a planning, engineering & environmental consulting firm serving clients in the energy, transportation, development, government, and industrial markets. GAI has been in business since 1958 and has served the oil and gas industry since the early 1980s. The shale industry was a big boom for GAI’s business. Shale is helping GAI to grow again–exponentially. GAI announced last Friday the company has expanded further into the oil and gas industry with the acquisition of PGH Petroleum & Environmental Engineers LLC, headquartered in Austin, Texas.
    Read More “GAI Buys Texas Engineering Co. to Expand Services in M-U, Elsewhere”

  • CNG/LNG | Industrywide Issues

    Small-Scale LNG Plants an Important Market for M-U NatGas

    April 18, 2022April 18, 2022

    Last week MDN told you about a small (tiny) LNG export facility in Port St. Joe, Florida (see Small Florida LNG Export Facility NOT Subject to FERC Regulation). Typically when we talk about LNG and exports, we’re talking about huge facilities located along a coastline, with mega tankers pulling up to load liquefied natural gas. Not so with Port St. Joe and with many other small LNG facilities. In fact, not all LNG facilities are aimed at exporting (most small facilities are not). But added together, a large number of small LNG facilities is a great market for Marcellus/Utica natural gas.
    Read More “Small-Scale LNG Plants an Important Market for M-U NatGas”

  • Anti-Drilling/Fossil Fuel | Industrywide Issues | New York | Statewide NY

    NY’s Anti-Fossil Fuel Wackos Rename Natural Gas to “Fossil Gas”

    April 18, 2022April 18, 2022

    Despots and dictators the world over are the same, whether it’s Vladimir Putin relabeling his naked aggression of outright war against Ukraine a “military operation,” or New York State’s so-called Climate Action Council relabeling natural gas as “fossil gas.” Tyrants seek to relabel those things they can’t control in an attempt to pressure, hoodwink, and manipulate the masses–to force others into doing what they (the tyrants) want done. The Communists who run NY state can’t convince the population to self-immolate by giving up the use of natural gas, so they’re changing the language, hoping to convince more people to go along with their harebrained plan to dump the use of all “fossil fuels.” The left’s plan is energy suicide and a majority of New Yorkers instinctively know it.
    Read More “NY’s Anti-Fossil Fuel Wackos Rename Natural Gas to “Fossil Gas””

  • Best of the Rest

    Other Stories of Interest: Mon, Apr 18, 2022

    April 18, 2022April 18, 2022

    MARCELLUS/UTICA REGION: Natural gas line project starting in Mahoning County; NATIONAL: Biden increases oil royalty rate, scales back lease sales; Biden puts the lie to all of Democrats’ arguments about fossil fuels; US weekly LNG exports down by four; The United States ended the winter with the least natural gas in storage in three years; Russia’s aggression against Ukraine is being fed by America’s lack of energy independence; Natural gas price surge looks here to stay in increasingly bullish backdrop.
    Read More “Other Stories of Interest: Mon, Apr 18, 2022”

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