Ctte Doling Out $5M in Shell Cracker Shakedown Cash Sets Criteria
Although Shell maintains flaring and accidental emissions from its new multi-billion-dollar ethane cracker in Beaver County, PA, have not violated state and federal air standards, the Pennsylvania Dept. of Environmental Protection (DEP) says they have–on numerous occasions. Shell didn’t argue the point, and in May, the company agreed to pay nearly $10 million in fines and “contributions” to benefit the local community (see Shell Cracker Agrees to $10M Shakedown from PA, Restarting Now). Earlier this month, the DEP announced that it had appointed a 17-member committee to figure out how to dole out $5 million to fund local community projects near the cracker (see PA DEP Forms Ctte to Dole Out $5M in Shell Cracker Shakedown Cash). The rest of the money ($4.9 million) will go to the DEP. Many (not all) of the committee members are radical leftists who irrationally hate fossil energy. The committee met and (on Friday) issued a “protocol” for how it will dole out the $5 million in cash.
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It is so maddening and frustrating to live and (if you are a business), operate in New York State. We have one-party rule: The radical leftwing of the Democrat Party. Former Gov. Andrew Cuomo (a lecher and liar) and current Gov. Kathy Hochul (Lt. Governor under Cuomo) are completely controlled by the radical environmental movement. Cuomo/Hochul’s latest target is to block the expansion of two compressor stations along the Iroquois Gas Transmission pipeline, preventing an additional 125 MMcf/d (million cubic feet per day) of Marcellus/Utica gas flowing into New York City and New England.
Better late than never. Last week U.S. Senator Joe Manchin (liberal Democrat from West Virginia) filed an amicus curiae “friend of the court” brief with the U.S. Supreme Court to show his support for Mountain Valley Pipeline (MVP) in its fight against the actions of the U.S. Court of Appeals for the Fourth Circuit (see
For the second week in a row and the 11th time in the last 12 weeks, the U.S. active rig count lost rigs. Last week the number decreased by six rigs, after falling five rigs the week before (see
An Exxon Mobil executive told the Nikkei news service his company is looking to nearly double the volumes of liquefied natural gas (LNG) it is handling to more than 40 million tons per annum (MTPA) by 2030. Exxon currently handles roughly 22 MTPA now. The company plans to invest in LNG projects, offshore oil in Guyana and South America, and in U.S. shale (the Permian). What about the Marcellus/Utica?
Long-range forecasts for hot weather and a lighter-than-predicted storage report for natural gas led to a 6% spike up in the price of the NYMEX Henry Hub yesterday, closing at $2.76/MMBtu. The National Weather Service released modeling yesterday that shows hot temps will get hotter for the end of July and the beginning of August. Also, the U.S. Energy Information Administration (EIA) released its weekly storage report yesterday, showing 41 Bcf was injected into storage for the previous week–lower than a predicted mid- to upper-40s Bcf. That was enough for traders to bid up the NYMEX price.
On Tuesday, U.S. Senator Joe Manchin (liberal Democrat from West Virginia) filed an amicus curiae “friend of the court” brief with the U.S. Supreme Court to show his support for Mountain Valley Pipeline (MVP) in its fight against the actions of the U.S. Court of Appeals for the Fourth Circuit (see
Kimmeridge Energy, a private investment firm focused on the energy sector, yesterday published a white paper entitled, “I Still Haven’t Found What I’m Looking For.” The thesis of the Kimmeridge report is that there are still too many (and too small) drillers in the shale sector. Kimmeridge believes we need consolidation into fewer, and bigger, companies. Why? There are not enough investors to go around, according to the report. As a result, the valuation of existing too-many public companies is too low. The fix is for fewer and bigger shale drillers.
Results from a new poll conducted by Morning Consult (on behalf of the American Petroleum Institute) indicate that an overwhelming majority of voters not only support the production of more American energy but also want the economic contributions of oil and natural gas to inform energy policies in the United States. Some 90 percent of voters agree that natural gas and oil play an important role in strengthening the U.S. economy. Some 88 percent of voters believe it is important to produce natural gas and oil here in the U.S. So why is Joe Biden trying to obliterate fossil energy?
We love a good “back from the dead” story. In 2017 Epiphany Water Solutions (aka Epiphany Environmental, LLC) filed for a permit to build a centralized oil and gas wastewater treatment facility in Coudersport (Potter County), PA (see
Cheniere Energy CEO Jack Fusco dropped a verbal bomb at the LNG 2023 conference held last week in Vancouver, British Columbia (Canada). Fusco told journalists that his company “will likely build a pipeline” that connects to other pipelines to flow even more natural gas to its Sabine Pass LNG export facility that sits near Sabine Lake, close to the Gulf Coast. The motivation is to get more gas for a planned “stage 5” expansion of the Sabine Pass facility, designed to liquefy and export an additional 20 million tonnes per annum (MTPA) of LNG.
In January, Ohio House Bill (HB) 507 became law with the signature of Gov. Mike DeWine (see
Researchers with the University of Pittsburgh (Pitt) recently published a study in the journal Ecological Indicators. The study’s intent was to measure whether or not frack waste dumped in local landfills has radiation that is leaking out in groundwater (leachate) from those facilities. Research like this, if legitimate (and accurate), is a good thing. We need to know if the waste we’re dumping is causing a problem. But a funny thing happened during the study. The researchers found a big problem with recordkeeping.
This story reinforces what we have said FOR YEARS: The radicalized environmental left will NEVER be satisfied that fossil energy is acceptable, no matter what we do to ensure it’s “clean and green.” As we have said so many times before, the environmental left is unreasonable–not able to be reasoned with. Irrational. Haters. We have new evidence for our claims. There are four major certification schemes to ensure natural gas produced in the U.S. is “responsible”–or clean and green. In March, the Bidenistas began to sniff around the certification authorities to grab that authority for themselves. A cabal of some 150 “environmental” (leftist Communist) groups are telling the Bidenistas not to bother. Gas will never be acceptable.
In a process that began in December 2021, Olympus Energy (formerly Huntley & Huntley) announced it had contracted with Project Canary to monitor methane emissions from both the company’s drilling operations and the company’s pipeline operations (see
In April 2022, MDN told you about Nopetro LNG’s plans to construct and operate as many as three liquefaction trains in Port St. Joe, Florida, that will liquefy up to 3.86 billion cubic feet (Bcf) per year of natural gas for export and delivery to markets in the Caribbean, Central America, and South America (see