President Biden Signs Deal with China to Shut Down Fossil Fuels
Stupified and dumbfounded. Those are the words that come to mind when reading of a so-called climate pact agreed to by Joe Biden with Chinese dictator Xi Jinping in California last week. And then we got really, really angry. Biden is consciously (or perhaps unconsciously?) choosing to sentence our country to energy dependence on our #1 enemy in the world by forcing our country away from using fossil energy in favor of unreliable, so-called renewable energy. China is also pledging to scale down fossil energy. Of course, China is lying. We have proof.
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A lawsuit of interest for all landowners is playing out in West Virginia between a class of landowners and EQT Corporation, the largest natural gas producer in the country. We searched our extensive archives high and low and found no mention of this lawsuit! Somehow, it has escaped our attention — until now. As these cases often are, this one is long and complicated. However, the nub of the case, the essence of the dispute, is whether or not EQT can pay royalties to landowners based on the “raw” gas that comes out of the borehole (methane plus NGLs) or whether, as the plaintiffs argue, EQT should pay royalties based on the post-processed gas and NGLs (presumably at a much higher rate).
In August 2022, Columbia Gas Transmission (a subsidiary of TC Energy) filed an application with the Federal Energy Regulatory Commission (FERC) to build the Virginia Reliability Project (VRP), which includes two new compressor units and the replacement of existing pipeline (see
Last week, the Municipal Authority of Westmoreland County (MAWC) issued a water conservation warning asking more than 56,000 MAWC customers to conserve water due to the lack of rainfall and the low level of the Beaver Run Reservoir. MAWC provides water to more than 122,000 customers in Westmoreland, Allegheny, Armstrong, Fayette, and Indiana counties. When full, Beaver Run Reservoir holds about 11.4 billion gallons. Over the last several years, dry conditions have steadily reduced the reservoir’s volume. As of last Friday, the reservoir only had about 5.5 billion gallons in it. Two of the customers who sometimes use water from the reservoir (for fracking and drilling) are Olympus Energy and CNX Resources. Both companies are currently (temporarily) suspended from using water from the reservoir.
In December, Murrysville (PA) Council members will make a decision about leasing land for shale drilling under Duff Park (234 acres) and Murrysville Community Park (305 acres). Murrysville is located in Westmoreland County in the southwestern part of the state. Olympus Energy is interested and has pitched proposals to lease under both parks, using their adjacent leased acreage (on private land) to set up rigs to drill under the parks. However, Murrysville recently sought proposals from other drillers to avoid any appearance of insider deals (see
Dominion Energy, a huge utility company headquartered in Richmond, Virginia, recently revived a plan to build four small “peaker” electric generating plants in Chesterfield County, VA, a Richmond suburb (see
Another dead cat bounce in the rig count (i.e., the slight bounce a dead cat makes when it hits the ground). The “dead” rig count hit a new low two weeks ago (see
MARCELLUS/UTICA REGION: House Republicans ask Shaprio not to appeal RGGI decision; NATIONAL: Wildfires are making the Alaskan tundra leak methane; How the gas turbine conquered the electric power industry; Federal data shows electrify everything push means higher energy costs.