PEDF Loses PA Supreme Court Case to Block DCNR Budget
The only thing the so-called Pennsylvania Environmental Defense Foundation (PEDF) “defends” is their own twisted philosophy of trying to gouge out the eyes of the oil and gas industry in PA–even at the expense of de-funding their own beloved PA Dept. of Conservation and Natural Resources (DCNR). In two PA Supreme Court rulings, one in 2017 and another in 2021, PEDF won the right to limit how revenues from oil and gas drilling on state land can be used. The PA legislature reworded its budget directives and began using those revenues to fund day-to-day expenses at DCNR. PEDF sued again. Commonwealth Court rejected PEDF’s arguments against how the legislature allocated the money, and two weeks ago, the PA Supreme Court upheld Commonwealth Court’s rejection. Translation: PEDF just lost a major case they’ve been waging since 2017 to block drilling on state-owned land (by blocking how royalty revenue is used).
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Seneca Resources, a 100% subsidiary and the drilling arm of National Fuel Gas Company, announced on Tuesday that the company has achieved an “A” certification grade under the MiQ Standard for Methane Emissions Performance (MiQ Standard), the highest available certification level MiQ awards, for all of the company’s 1+ billion cubic feet per day (Bcf/d) of natural gas production in the Marcellus/Utica. Seneca can now claim it produces responsible gas and the molecules can be traded/bundled on the MiQ Digital Registry.
It used to be that freedom and justice and capitalism were baked into our psyche via the U.S. Constitution. All of those things–freedom, justice, and capitalism–are rapidly disappearing. They are replaced with totalitarian statism. The people we “elect” actually think we serve them and that they tell us what we can and can’t do. Example: A pipeline expansion (looping pipe and expanding some compressor stations) by Williams in the Marcellus/Utica is now imperiled by authoritarians in New Jersey.
U.S. Senator from West Virginia, Joe Manchin, supposedly “secured an agreement” to fast-track the completion of the 94% completed Mountain Valley Pipeline (MVP) in return for selling out the entire country by voting for the Big Green “Build Back Better” bill, renamed to the laughable “Inflation Reduction Act” (see
Powerhouse consulting and accounting firm Ernst & Young (YN) has just published and released a new study called “US oil and gas reserves, production and ESG benchmarking study” (full copy below). The EY study shows U.S. oil and gas producers “recovered and reset” in 2021, posting increased profits of $73.7 billion and $211.9 billion in revenues, with significant deal activity that drove $144.1 billion in capital expenditures. The study documents how the industry’s 50 largest publicly traded exploration and production (E&P) companies responded to higher commodity prices in 2021 with an analysis of reserve and production information, as well as their environmental, social, and governance (ESG) disclosures.
Candidate for governor of New York State running on the Republican line, Lee Zeldin, is pushing to reverse the now-permanent ban on fracking in the state. The frack ban was enacted into law as part of a sneaky budget bill Andrew Cuomo signed in 2020 while everyone was distracted with COVID (see
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