ET Pleads No Contest to “Crimes” for ME, Revolution Pipelines
Loathsome and disgusting shale energy hater Josh Shapiro, Attorney General for Pennsylvania (running for governor), announced on Friday that he finally bullied Energy Transfer into pleading “no contest” (meaning they don’t admit to a darned thing) in a so-called criminal case against the company for a series of accidents affecting construction for both the Revolution and Mariner East pipelines. Shapiro brought the case–a case that converts accidents into crimes–in order to burnish his credibility with the wacko left in his own party. Now he has a “victory” to run on–and everyone in Pennsylvania is the poorer because of it.
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Southwestern Energy, which along with EQT and Chesapeake Energy, is one of the three leading producers of natural gas in the U.S., issued its second quarter update last Friday. The company reported total net production of 438 Bcfe (billion cubic feet equivalent), or 4.8 Bcfe/d, including 4.2 Bcf/d of natural gas and 100,000 barrels per day (Bbls/d) of liquids. Southwestern invested $585 million of capital during 2Q and placed 42 wells to sales, including 23 in the Marcellus/Utica and 19 in Haynesville. The company made $1.2 billion in profit during 2Q22, versus losing $609 million in the same quarter a year ago.
On July 1, just as everyone was heading out the door for summer vacation, Ascent Resources announced it is buying another 26,800 acres in the Ohio Utica for $270 million (see
PennEnergy Resources LLC, which according to the Pittsburgh Business Times is the 11th largest shale driller in Pennsylvania (with 405 active shale wells), achieved responsibly sourced natural gas certification from Project Canary on nearly all of its wells in January of this year (see
During pipeline giant Williams’ 2Q22 update last week, company officials talked about expansion projects in the Marcellus/Utica region (see
Make no mistake: The Manchin-Schumer “Soar Inflation Higher” bill is bad for the country in EVERY way, including bad for the fossil energy industry via an industry-killing methane tax (see
As we point out in a companion story today, some in the oil and gas industry have sold out and are supporting the Manchin-Schumer methane tax. It’s sad (and angering). As we point out in that post, those companies believe they are insulated from the effects of the methane tax because they have already deployed technology to reduce methane emissions from their operations. But what happens when the federal government changes the rules by telling them their technology is junk and they have to replace it with new government-blessed technology? Right on cue, the Dept. of Energy announced it will spend $32 million on “research” to figure out what kind of technology can lower methane emissions.
MARCELLUS/UTICA REGION: DEP invites stakeholders to participate in well plugging workgroups; NATIONAL: Statement on the public health impacts of blue hydrogen production; How Republicans are ‘weaponizing’ public office against climate action; U.S. propane spot prices have declined from multiyear highs.