Range, Others Paid SWPA Landowners $3M to Settle “Haney” Case
Three families who lived near a former drill site and frack wastewater impoundment in Washington County, PA sued Range Resources in May 2012 claiming the air they breathe and the water they drink had been contaminated by Range’s operations at the site (see EPA Investigating Range Drill Site in Western PA). Range eventually settled what became known as the “Haney” case with the three families in 2018. The settlement was, until yesterday, secret. Facing ongoing pressure from “media” outlets, Range released a copy of the settlement showing the families got a collective $3 million–minus 33% for overpaid lawyers.
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Yesterday Toby and Derek Rice issued another (new) letter to EQT shareholders in the quest to make a case that the existing EQT board and management must be thrown out. A few hours later EQT responded with its own letter to shareholders. Here’s the latest in the proxy war to control EQT.
It’s hard enough for drillers to get permits town by town in Pennsylvania, where the standards are all different thanks to the seven selfish towns that appealed the Act 13 law passed in 2012 (see 
Antero Resources sued EnerQuest Oil & Gas in a Texas court last year claiming EnerQuest had solicited and received trade secrets for a pair of landmen who live and work in Texas. A lower court dismissed the lawsuit based on a technicality (because the solicitation from EnerQuest came via email), claiming Texas does not have jurisdiction over the case. Antero disagrees and has just asked the Texas Supreme Court to review the case.
Pennsylvania Attorney General, Josh Shapiro, and the anti-drilling Pittsburgh Post-Gazette, continue their tag-team effort to criminalize and humiliate Range Resources. Shapiro, a sleazy politician, is investigating so-called environmental “crimes” committed by shale companies in a bid to boost his chances of being the next nominee to run for governor (see
ExxonMobil recently signed an agreement with the U.S. Department of Energy’s National Renewable Energy Laboratory (NREL) and National Energy Technology Laboratory (NETL) to help fund both operations to the tune of $100 million over the next 10 years, looking to bring biofuels and carbon capture and storage to commercial scale across the transportation, power generation and industrial sectors. That is, to bring to market new tech that lowers carbon dioxide emissions. All in the name of stopping non-existent, man-made global warming.
On Monday Toby and Derek Rice–the Rice brothers (formerly owners of Rice Energy that sold itself to EQT in 2017) sent an open letter to EQT shareholders and a “white” proxy card, asking shareholders to vote for the Rices’ picks as board members (see
Range Resources released its first-ever Corporate Sustainability Report earlier this week. The report reviews Range’s accomplishments at reducing so-called greenhouse gases (methane emissions) over the past 10 years. However, the big news contained in the report is that Range is committing to the goal of zero greenhouse gas emissions from its operations. Someday. In the future. The report and the goal of zero emissions comes in response to pressure last year from a wacko leftist group that floated a shareholder resolution that almost passed.
Last November the judges in Pennsylvania Commonwealth Court issued a ruling in favor of Penn Township (Westmoreland County) granting “special exception” permits to Apex Energy, allowing them to drill four shale wells (see
Diversified Gas & Oil owns close to 3 million acres of leases with some 60,000 (mostly) conventional oil and gas wells. In March Diversified announced it had cut a deal to buy 107 operating shale wells in Pennsylvania and West Virginia for $400 million from HG Energy II (see
A few new developments to report in the war to control EQT. Late last week brothers Toby and Derek Rice, formerly of Rice Energy, announced they are trimming their slate of proposed EQT board members by two (from nine to seven). There was no explanation for why the two were dropped from consideration, other than the Rice boys said they had reviewed EQT’s proposal to add three new board members (replacing three existing board members), and that two of the three, in the Rices’ opinion, “appear qualified” to serve on the board and “as a result” Rice dropped two of its proposed slate of board members.
One of the false allegations made against shale drilling is that it somehow pollutes the air–of particular concern near schools. A new independent two-year study commissioned by Range Resources at one of their drilling sites, located about a mile from a local school, thoroughly debunks that allegation. A first-of-its kind public health and long-term ambient air monitoring report (full copy below) provides analysis from nearly two years of continuous data from an unconventional Marcellus Shale well site nearby a high school and elementary school campus in Washington County, PA. The study found no health impacts from shale drilling.