The Time is Now Right – BKV Launches IPO Hoping to Raise $315M
Earlier this year, the Wall Street Journal published an article about BKV Corporation (Banpu Kalnin Ventures), the American arm of Banpu, Thailand’s largest coal mining company (see Bumpy Financial Road for BKV – Company Bets on Carbon Capture). The article pulled the curtain back to give us a better view of what happened with the company’s aborted plan to launch an initial public offering in 2023 (see BKV IPO On Hold, M&A Deals Falling Apart Due to Low Gas Prices). Not long after the WSJ article, BKV CEO Chris Kalnin said his company was still very interested in an IPO and would move forward when the time is right (see BKV Still Planning to Launch an IPO – When the Time is Right). The time is now right. Read More “The Time is Now Right – BKV Launches IPO Hoping to Raise $315M”
In February, the Ohio Oil & Gas Land Management Commission (OGLMC) met to award contracts to drill under (not on) several Ohio state parks, including 5,700 acres of the 20,000-acre Salt Fork State Park in Guernsey County (see 
The radicalized Environmental Defense Fund (EDF), in partnership with the equally radicalized Moms Clean Air Force (MCAF), is joining forces with the Pennsylvania Department of Environmental Protection (DEP), the U.S. Department of Energy (DOE), and (very oddly) McGill University, which is located in Montreal, Quebec (Canada) to launch a project to identify and “facilitate remediation of” orphan and abandoned oil and gas wells across Western Pennsylvania. The group will fly specially outfitted drones about 100 feet above ground in Clarion, Venango, and McKean counties in western PA to try and identify and catalog orphaned and abandoned oil and gas wells. 
In yet another attempt to deflect attention away from Kamala Harris’ extreme position on fracking (she wanted to ban it completely everywhere in 2019), mainstream news continues to publish stories on other Pennsylvania energy topics. For example, yesterday, the New York Times published a story with this headline: “Big Energy Issue in Pennsylvania Is Low Natural Gas Prices. Not Fracking.” We forced ourselves to read it all the way through. We “took one for the team,” so you won’t have to. The story started out fine and made some legitimate points. The NYT article is (more or less) right as far as it goes. The problem is that the article doesn’t go far enough. It stops with only half of the story told. Here at MDN, we tell you the whole story—all of the facts, not just some of the facts. 
On Friday, June 14, Equitrans Midstream, the builder and majority owner of the 303-mile Mountain Valley Pipeline (MVP) that runs from Wetzel County, WV, to Pittsylvania County, VA, announced the pipeline had, after a decade of planning and building, finally begun to flow Marcellus/Utica molecules (see 
In September 2019, the Federal Energy Regulatory Commission (FERC) gave its blessing to Eagle LNG to build a small LNG export facility project at a site on the St. Johns River in Jacksonville, Florida (see 
A group of 10 Republican U.S. Senators, led by the great Ted Cruz (from Texas), have introduced a new bill titled “The Safe and Secure Transportation of American Energy Act.” The proposed law expands criminal penalties to cover vandalizing, tampering with, or disrupting the operations or construction of a pipeline. The Senators say current laws criminalize eco-terrorism and the destruction of infrastructure but don’t go far enough and don’t have “enough teeth” when it comes to acts disrupting the operation or construction of a pipeline. Like the situations we saw with protesters constantly delaying the construction of the Mountain Valley Pipeline in Virginia. 
MARCELLUS/UTICA REGION: PA energy groups don’t buy Harris’ ‘deathbed conversion’ on fracking; NATIONAL: Fed judge temporarily blocks Biden admin rule to limit gas flaring at oil wells; Noisy, hungry data centers are catching communities by surprise; Are Harris supporters ignorant or do they just hate Trump more than they love this country?; INTERNATIONAL: Earth’s greatest mass extinction 250 million years ago due to El Niño.