Half of Williams Board, Including 2 Corporate Raiders, Quit
Nearly half of the Williams board (6 of 14 board members) were part of a cabal that tried to force the company to sell itself to Energy Transfer Equity–a deal that went horribly wrong. Following the aborted merger, six of Williams’ board members tried to engineer a palace coup to depose current CEO Alan Armstrong. The coup failed and the board members were either forced out, or resigned in disgust (we’re not sure). Either way, it’s good news for Williams and their operations in the northeast. Among the board members pushing for a sale to ETE (and pushing for the ouster of Armstrong) was Keith Meister, a disciple and student of evil corporate raider Carl Icahn (see Bad News: Corporate Raiders Take Aim at Williams). Another corporate raider who was dug in like a chigger, Eric Mandelblatt, was also pushing to replace Armstrong (see Evil Corporate Raiders Double Investment (& Control) in Williams). On Friday Williams announced the chairman of the board, Frank MacInnis, is stepping down for “personal reasons” and that another five board members are leaving with him. Among those leaving are corporate raiders Meister and Mandelblatt. Good riddance…
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In 2008 Dominion approached oil and gas producers in West Virginia, before the Marcellus Shale was a household word, looking to build a pipeline for “several hundred million dollars” (ended up costing $750 million). Dominion held several meetings and told West Virginia’s independent natural gas producers that the producers would need to commit to firm transportation if they wanted to sell their natural gas. At those meetings Dominion handed out forms asking producers to write down how much production they might have for firm commitment. Following the meetings, producers received contracts in the mail “out of the blue” with a very short deadline and a not-so-subtle threat that if they wanted to sell their gas, they would sign on the dotted line. The producers say they were pressured into signing a 10-year deal. Dominion’s Appalachian Gateway Project, with 110 miles of new pipeline and upgrades to several compressor stations, went online in September 2012 (see 
Last Friday MDN told you that TransCanada completed its $10 billion purchase of Columbia Pipeline Group (see 
In March MDN reported that Canadian midstream giant TransCanada wants a bigger piece of the Marcellus/Utica pipeline pie and decided to buy Columbia Pipeline Group for $10 billion (see 
Once again a group of so-called religious leaders, including a serial criminal, were arrested in Boston blocking work on a very short, 5-mile pipeline (West Roxbury Lateral) that will bring cheap, abundant, clean-burning Marcellus Shale gas to local residents in the Boston area. Some 26 were arrested, some of the same nutters were arrested in May (see 
A few days ago MDN told you how proud we are of the Marcellus/Utica industry for stepping up the plate and donating money (and time) to assist flood victims in West Virginia (see 
Finally Williams has admitted, in writing, that the attempted buyout/merger by Energy Transfer Equity (ETE) is, as we said yesterday, dead (see 
As we previously reported, last Friday a Delaware court ruled that Energy Transfer Equity (ETE) has the right to terminate its merger agreement with Williams (see 
Three radicalized environmental groups–the Allegheny Defense Project, the Appalachian Mountain Advocates and Damascus Citizens for Sustainability–have filed a motion with the Federal Energy Regulatory Commission (FERC) to challenge FERC’s approval of three tiny pipeline expansion projects in Pennsylvania. Kinder Morgan’s Tennessee Gas Pipeline’s 300 line is proposing to expand three different segments of the line, serving different customers, and rightfully asked FERC to consider the three projects as separate and to not commingle them together. The radicalized groups are insisting FERC evaluate all three bundled together, in an attempt to slow down and hopefully stop progress on the projects…
The July 1st merger (buyout) of Columbia Pipeline Group by TransCanada barrels on. In March MDN reported that Canadian midstream giant TransCanada wants a bigger piece of the Marcellus/Utica pipeline pie and has decided to buy Columbia Pipeline Group for $10 billion (see 
There was lots of cracker talk at the first Northeast U.S. & Canada Petrochemical Construction Conference & Exhibition in Pittsburgh yesterday. According to NGI’s ace reporter for Shale Daily, Jamison Cocklin, excitement over the Shell cracker announcement from a few weeks ago was “palpable” at yesterday’s event. There was plenty of talk about the Shell cracker–but the talk coming from the event that interests MDN is talk about both the PTT Global Chemical cracker planned for Ohio, AND the Braskem cracker planned for West Virginia. These other two world class cracker plants (similar in size and scope to Shell’s project) “remain on track.” Now that is news!…