EQT’s Rice Says China Will Win AI Race Unless U.S. Cuts Red Tape
In an interview with the Financial Times, EQT Corporation CEO Toby Rice stated that onerous permitting rules are hindering President Trump’s ambitions for energy dominance. Rice said Congress needs to cut project approval times to compete with Russian LNG exports and to win the AI race against China. His message was clear: Permitting reform, NOW. We’ve danced around permitting reform long enough (for years). It’s time to act. Republicans control Congress and the White House. If we can’t get permitting reform done now, it will never get done. Read More “EQT’s Rice Says China Will Win AI Race Unless U.S. Cuts Red Tape”
In a day of big news, there was big news related to the largest gas-fired power plant project in the country, along with a massive data center complex, to be built at a former coal-fired power plant site in Indiana County, PA (see 
For the week of June 30 – July 6, the number of permits issued to drill new wells in the Marcellus/Utica decreased from the previous week, likely due to the July 4th holiday. There were 21 new permits issued across the three M-U states last week, down six from 27 issued two weeks ago. The Keystone State (PA) issued 13 new permits. EQT and its recently acquired Olympus Energy received a combined five permits scattered across three counties: Allegheny, Greene, and Washington. Snyder Brothers received four permits in Armstrong County. BKV scored three permits in Wyoming County. Range Resources received a single permit in Washington County. 
Yesterday, MDN informed you that CNX Resources is still considering (but not yet 100% committed) to a plan to produce sustainable aviation fuel (SAF) at Pittsburgh International Airport (PIT) using coalbed methane (see 
In April, MDN told you that EQT Corporation, the second-largest natural gas producer in the country (and the largest producer in the Marcellus/Utica) was buying out and merging in Olympus Energy for $1.8 billion (see 
A kerfuffle has erupted in Morgan Township (Greene County), PA, between drilling and pipeline giant EQT Corporation and the town over the issue of hauling heavy equipment on Morgan’s roadways. Morgan supervisors prohibited EQT from using local town roads to haul heavy equipment to work sites. On June 18, EQT filed a lawsuit against the town, which the town is sure to lose (copy below). There is word that an agreement is already in the works to settle the dispute. 
EQT Corp. has agreed to pay $167.5 million to investors who claimed the company overstated the benefits of its $6.7 billion merger with Rice Energy, according to a motion filed yesterday seeking preliminary approval of what the investors called the largest-ever stockholder suit deal lodged in Western Pennsylvania federal court. The proposed settlement comes after six years of ongoing litigation. 
Last week, MDN told you that EQT’s vice president of midstream, Robert Wingo, was moving on to another job (see 
A situation that’s been playing out for nearly two years is just now becoming public. In late 2023, a welding inspector working on the 303-mile Mountain Valley Pipeline (MVP) said he had discovered three sections of the pipeline were corroded and violated construction standards and federal guidelines. He reported it to his superiors at MVP, who allegedly ignored his objections. So he filed a report with the federal Pipeline and Hazardous Materials Safety Administration (PHMSA). The pipeline sections got replaced, and the inspector got fired. In April of this year, the inspector filed a lawsuit against MVP (and Equitrans Midstream, and EQT) for wrongful termination.