Ohio O&G Commission Votes to Shut Down 3 Athens Injection Wells
On Friday, the Ohio Oil and Gas Commission upheld a regulatory order from the Ohio Dept. of Natural Resources (ODNR) suspending operations of three wastewater injection wells located in Torch (Athens County), OH, owned by K&H Partners, a subsidiary of Tallgrass Energy. ODNR “temporarily” suspended the operations of four fracking waste injection wells (the three K&H wells and one other) in Athens County last September (see ODNR Temporarily Shuts Down 4 Injection Wells in Athens County). ODNR said the wells presented an “imminent danger” to health and the environment.
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Pennsylvania State Senator Katie Muth’s attempt to block a proposed frack wastewater treatment plant in Dimock (hours away from her own district) has bombed out yet again. Muth tried to challenge and block a permit for the plant, an effort which was mostly rejected in court in June 2022 (see
Last Wednesday, EQT Corporation held its annual shareholders meeting. These sorts of meetings are typically short and sweet, as was EQT’s meeting last week. Ahead of annual meetings, various resolutions are circulated for shareholders to vote on (by proxy before the meeting). There were three such resolutions on EQT’s agenda this year: Election of board members, hiring an accounting firm to do an independent audit, and executive compensation for 2023 (last year). In the bowels of the paperwork, we discovered that EQT CEO Toby Rice was being paid $10.6 million for his work last year, reckoned as $1 dollar in salary plus $9.6 million in shares of EQT stock and $1 million in incentive compensation. Rice’s compensation last year is actually down from 2022 ($11.6 million) and 2021 ($16.9 million).
Last week, the Baker Hughes rig count regained a couple of rigs; for the first time in five weeks, the count has gone up instead of down. The count went from 617 active rigs two weeks ago up to 619 last week. Since last October, the national count has gone as low as 616 and as high as 629. And that’s it. No higher and no lower. The Marcellus/Utica lost one rig last week and now runs 41 rigs. Pennsylvania remained constant with 22 rigs; Ohio lost a rig and now operates 11 rigs; and West Virginia remained the same with 8 rigs.
Things may finally be turning around for the problem-plagued Freeport LNG export facility located in Quintana, Texas. Last week we reported gas flows to the facility had dropped to “near zero” for at least five days in a row (see
Today is the annual day when environmental wackos demand fealty to Mother Earth. You WILL bow down and worship the creation (instead of the Creator) or risk being excommunicated from polite company. We thumb our noses at Earth Day worshipers and declare our love for the miracle of fossil energy on this Earth Day. We invite you to join us in celebrating the greatest invention of mankind–fossil fuels!
MARCELLUS/UTICA REGION: Marcellus Shale Coalition chief touts virtues of natgas production in area; Dems, like Bob Casey, who backed Biden’s war on energy will pay; OTHER U.S. REGIONS: Biden limits oil drilling across Alaska’s petroleum reserve; NATIONAL: Left-wing group with shady backing takes prominent role against gas stoves; Biden has taken over 200 actions against US oil; Federal agencies target ExxonMobil and Chevron acquisitions; The U.S. Supreme Court should shut down energy lawfare chaos; INTERNATIONAL: Saudi Arabia needs oil price near $100, IMF says; Why Israel Iran skirmish failed to move oil price above 6-month highs.