Ambridge Water Authority Changes Tune re Shell Ethane Pipeline
Shell has calmed the troubled Ambridge waters–that is, the Ambridge Water Authority waters. Shell hit a snag with plans to build its Falcon Ethane Pipeline when the Ambridge Water Authority claimed construction of the pipeline under several streams feeding the Ambridge reservoir would endanger the drinking water for 30,000 people (see Ambridge Water Authority Strongly Opposes Shell Ethane Pipe Route).
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The political “leaders” in Franklin Park (Allegheny County, near Pittsburgh) have decided to reject a proposal to drill a shale well under (not on) the 80-acre Linbrook Park. With a signing bonus of $283,500 plus 18% royalties, the Franklin Park Borough would have seen revenue of *at least* $1 million. Talk about stupid.
Did the Pennsylvania Supreme Court err in its judgment declaring so-called “stripper wells” can be taxed under the 2012 Act 13 law, slapped with an impact fee assessment, if those wells produce more than 90 thousand cubic feet per day (Mcf/d) of gas in a single month (see 
On Monday we told you about a letter written by investment firm D.E. Shaw, one of EQT’s largest shareholders (owns 4.5% of outstanding shares), to the EQT board (see 
Three years ago lawsuits filed by some 200 West Virginia residents against Antero Resources were combined into a class action lawsuit (see 
The mystery is now solved. Last week we incorrectly (based on a Pittsburgh Tribune-Review article) reported that FirstEnergy wants to drill a well under (not on) Linbrook Park, located in the Borough of Franklin Park in Allegheny County (
Last June Diversified Gas & Oil burst on the Marcellus/Utica scene when they bought 2.5 million acres of leases with 11,350 mostly conventional gas (and oil) wells in Appalachia from EQT (see 
More drama in the ongoing soap opera of EQT and the Rice brothers’ attempt to take it over. The latest items of interest: The Wall Street Journal ran an article in today’s online edition with a headline that says EQT is “failing.” And one of EQT’s biggest investors, D.E. Shaw, is telling the board that current top management “doesn’t have what it takes” to get the company financially performing again. Ouch.
Yesterday Chesapeake Energy issued a preliminary report on fourth quarter 2018 results, and an operational update looking ahead to 2019. Embedded in the 2018 information is some blow-the-doors-off big news!
When the radical left repeatedly loses court cases, they put on their arrogant “civil” disobedience clothes and pronounce they are engaging in the age-old American practice of resisting an unethical practice or situation. Is it time for Exxon Mobil to do the same?
On Monday EQT Corporation, the largest natural gas producing company in the U.S., laid off “more than 100” (possibly as many as 132) employees, and issued a letter to shareholders trying to gin up support for the company’s “new” course of action.