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  • Accidents | Bradford County | Energy Services | Eureka Resources | Industrywide Issues | Pennsylvania | Wastewater

    Worker Dies After Accident at Eureka Resources Plant in Wysox, PA

    September 28, 2022September 28, 2022
    Jeremy Lanzo, pictured with his beautiful family and Santa

    Some sad news to share with you that had escaped our notice until today. A 39-year-old man from Sayre, PA, Jeremy Lanzo, died from burns that he received in an accident at Eureka Resources’ shale wastewater treatment plant in Wysox Township (Bradford County, PA) on Tuesday morning, Sept. 13. Initial media accounts report there was an explosion at the plant. However, Eureka CEO Dan Ertel says flatly, “There was no explosion.” Eureka treats and recycles wastewater (brine) from Marcellus Shale wells.
    Read More “Worker Dies After Accident at Eureka Resources Plant in Wysox, PA”

  • Energy Services | Equitrans/EQT Midstream | Industrywide Issues | Pipelines | Regulation | Statewide WV | West Virginia

    “Save MVP” Permitting Bill is Dead – Manchin Pulls it From CR

    September 28, 2022September 28, 2022

    We’ll say it right up front: We told you so. From the beginning, when U.S. Senator Joe Manchin announced he had sold out the country and would vote in favor of the horrible (misnamed) Inflation Reduction Act in return for a promise from Chuck Schumer and Nancy Pelosi to pass a “permitting reform” bill that guarantees to finish the stalled (95% complete) Mountain Valley Pipeline, we told you it was a bad deal (see Joe Manchin Cuts MVP “Deal” in Return for Selling Out Country). We also told you Manchin got rolled, that such a vote would never happen (see Joe Manchin’s Save MVP Bill is Crashing & Burning, Rs & Ds Oppose). Yesterday Manchin pulled his permitting reform bill from a Continuing Resolution (CR) to keep the government operating, because his own party would not support it. Yes, we were right.
    Read More ““Save MVP” Permitting Bill is Dead – Manchin Pulls it From CR”

  • CNG/LNG | Energy Services | Exporting | Industrywide Issues | Kinder Morgan

    Kinder Morgan Sells 25% Stake in Elba Island LNG for $565 Million

    September 28, 2022September 28, 2022
    Elba Island LNG (click for larger version)

    In early 2017, pipeline and midstream giant Kinder Morgan (KM), the builder and operator of the Elba Island, Georgia LNG export facility, sold 49% of the (not then finished) Elba project to investment firm EIG Global Energy Partners for $555 million (see Kinder Morgan Sells 49% Stake in Elba Island LNG to EIG for $555M). In December 2019, Elba Island shipped its first commercial cargo of LNG (see Elba Island Finally Exported First Marcellus LNG Cargo on Friday). Yesterday KM announced it had sold half of its half, or 25.5%, of the Elba project to an undisclosed financial buyer for approximately $565 million.
    Read More “Kinder Morgan Sells 25% Stake in Elba Island LNG for $565 Million”

  • CNG/LNG | Exporting | Industrywide Issues

    Reasons Why Natural Gas Prices Quadrupled in Just Two Years

    September 28, 2022September 28, 2022

    The price of natural gas here in the U.S. has roughly quadrupled in price over the past two years. If you are a landowner or rights owner, you’ve certainly noticed a nice increase in royalty revenue. As we have reported about publicly traded drillers in the Marcellus/Utica, profits and free cash flow over the past couple of quarters have gone through the roof–because of the high price of natgas. The question is, why have prices for natural gas gone so high? And relatedly, will they stay high?
    Read More “Reasons Why Natural Gas Prices Quadrupled in Just Two Years”

  • Commodity Price | Industrywide Issues | Regulation

    Biden Tells Gasoline Vendors to Lower Prices NOW, Before Election

    September 28, 2022September 28, 2022

    In a clear sign the Democrat Party is desperate with a national election (national referendum on Biden) just 44 days away, our beneficent Dictator in Chief, Joe Biden, has demanded that companies running gas stations, “Bring down the prices you’re charging at the pump to reflect the cost you pay for the product. Do it now. Do it now. Not a month from now — do it now.” He sounded like a raging lunatic when he said it. High prices at the pump are the result of Biden’s own socialist, very misguided policies. Yet he attempts to scapegoat and blame it on the thousands of individual companies that vend gasoline in a free-and-open market.
    Read More “Biden Tells Gasoline Vendors to Lower Prices NOW, Before Election”

  • Industrywide Issues | Research

    Contrarian View: Fossil Fuels are the Greenest of Energy Sources

    September 28, 2022September 28, 2022

    Americans, indeed just about every human on the planet alive today, have been so thoroughly brainwashed that burning fossil fuels is causing catastrophic global warming and is “bad” or “evil,” that when someone comes along to say, “Wait a minute, what if more carbon dioxide is a good thing,” that person is considered a crackpot. Let us ask that question. What if more carbon dioxide (CO2) in the atmosphere is actually helping Mom Earth, not hurting Mom Earth? Is it possible?
    Read More “Contrarian View: Fossil Fuels are the Greenest of Energy Sources”

  • Best of the Rest

    Other Stories of Interest: Wed, Sep 28, 2022

    September 28, 2022September 28, 2022

    NATIONAL: Save Puerto Rico and repeal the Jones Act now; INTERNATIONAL: Oil rises on news of Russia urging OPEC to cut production; Germany suspects sabotage hit Nord Stream pipelines; How natgas storage works and why Europe faces a tough winter.
    Read More “Other Stories of Interest: Wed, Sep 28, 2022”

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