EQT Uses Biden Polling Firm to Confirm 73% of Voters Want More Pipes
This is a truly brilliant move on the part of Toby Rice and those who run and manage EQT Corporation–the country’s largest natural gas producer. As you likely know (if you’re a reader of MDN), Rice has become the Apostle of Natural Gas and LNG, promoting natgas as THE solution to global warming (see EQT CEO Toby Rice Unveils Nationwide Plan to “Unleash” U.S. LNG). Here’s the brilliant part. EQT recently hired a top Democrat polling firm, Impact Research (which does polling for Joe Biden), to conduct a nationwide poll of all registered voters. The poll found that an overwhelming majority of Republicans, Independents, and yes, even Democrats, believe using natural gas will help reduce global warming.
Read More “EQT Uses Biden Polling Firm to Confirm 73% of Voters Want More Pipes”
This is one of those more bizarre court cases we’ve heard about. In April 2021, MDN reported that a group of West Virginia landowners/rights owners filed a claim against EQT, alleging the company had allowed leases to lapse, then at a later date, reentered their property and drilled new wells without permission (see 
Wow! What a difference two years can make. At the dawn of the pandemic, the share price for publicly traded oil and gas stocks (in particular Marcellus/Utica drillers) was in the basement. With the pandemic now in the rearview mirror (we hope), and demand increasing for both oil and natural gas, the price of oil and gas has skyrocketed, and along with it, O&G companies are raking in the cash. How are M-U drillers using their newfound piles of cash to compensate investors?
Ever hear the old saying, “A bird in the hand is worth two in the bush?” That seems to be the philosophy for EQT Corporation with respect to the compensation it will receive from Equitrans Midstream’s Mountain Valley Pipeline (MVP) project. Newer readers may not know this, but back in 2018 EQT spun off its pipeline division into a brand new, standalone company, renamed Equitrans Midstream (see 
We finally started to see more permits issued again last week. After the Marcellus/Utica was in the permit doldrum for nearly a month, bumping around at 20 permits or below, last week the number increased to a total of 34 permits issued to drill new shale wells. Pennsylvania issued 13 new permits, with seven of them going to Coterra Energy in Susquehanna County on the same pad. Ohio issued 14 new permits, with 12 of them going to Ascent Resources distributed across four different counties. And West Virginia issued seven new permits, all of them to Antero Resources, all in Doddridge County.
Wrapping up the coverage of the recent Hart Energy DUG East Conference, Pittsburgh Business Times reporter Paul Gough pulled together comments by various speakers on the topic of LNG and whether or not the Marcellus/Utica can and will benefit from a growth in American LNG exports. Opinions by some of the biggest drillers in the M-U diverged on this topic.
Each quarter NGI (
EQT CEO Toby Rice is and has been on a mission–to spread the gospel of LNG (see 
We spotted a story on The Motley Fool investor’s website yesterday noting that several Marcellus/Utica publicly-traded drillers saw “double-digit” increases in their share price just yesterday, for a single day. The article highlights both Range Resources and Southwestern Energy. We started nosing around to see how the stock price for all of the big publicly-traded M-U drillers has performed this year, from the beginning of the year. It was an eye-opener. ALL of them are up from the beginning of the year. Most are up at least 75% in value since Jan. 1. A few have doubled in value, now up more than 100% since Jan. 1. We have the list below for how each one performed. Welcome to the bull market in oil and gas!