American Energy Buys Radioactive Waste Co. Austin Master Services
American Energy Partners, Inc. (AEPT), based in Allentown, PA, is a small but diversified company. They have their fingers in a number of different oil and gas pies, including subsidiaries in drilling, remediation, water, valuation services, and education. Add one more to the list: radioactive waste. AEPT recently announced it has purchased Austin Master Services, a company that services the Marcellus/Utica industry (and other industries) with radiological waste management solutions, including remediation, decontamination & decommissioning (D&D), and transport.
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In June the Pennsylvania Dept. of Environmental Protection’s (DEP) Environmental Quality Board (EQB) adopted an onerous new regulation that supposedly will capture every last molecule of stray methane that leaks from shale drilling operations (see
God help you if you are a midstream company that has to wade through the mountain of federal regulations and codes generated by agencies including the Federal Energy Regulatory Commission (FERC), and are subject to those agencies’ arbitrary decisions on what they will and won’t enforce. In what amounts to a game of Simon Says, FERC has just fined M3 Ohio Gathering, Utica East Ohio Midstream, and UEOM NGL Pipelines–all three either current or former owners of two tiny NGL pipelines that flow propane and ethane from the Scio (Ohio) fractionation plant–$30,000 for not filling out a particular form over a six-year period. Thirty grand for a paperwork violation. It is, according to lawyers who watch these things, an escalation, an “aggressive expansion of enforcement” on the part of FERC.
Ascent Resources, originally founded as American Energy Partners by gas legend Aubrey McClendon, is a privately-held company that focuses 100% on the Ohio Utica Shale. Ascent is Ohio’s largest natural gas producer and the 8th largest natural gas producer in the U.S. There have been plenty of rumors swirling about Ascent, one that says Gulfport Energy is interested in selling to Ascent (see
We finally have some good news to share with respect to Pennsylvania Gov. Tom Wolf’s foolish plan to force PA’s coal- and natural gas-fired power plants to begin paying an obscenely high tax on carbon dioxide emissions as part of the so-called Regional Greenhouse Gas Initiative (RGGI). After exhausting various attempts to block it, Wolf published a final RGGI regulation in the Pennsylvania Bulletin in April (see
In 2016 Laclede Group (later renamed to Spire), a St. Louis-based natural gas utility, said it planned to build a 65-mile pipeline from St. Louis through southwest Illinois and connect to the Rockies Express (REX) and Panhandle Eastern Pipeline (see
In January 2017 Clean Energy Future (CEF), based in Massachusetts, announced it would build a second Utica gas-fired power plant in Lordstown next to the (then) under construction Lordstown Energy Center (see
Last year Big Green lobbyists using the City of Oberlin, Ohio contested the Federal Energy Regulatory Commission (FERC) decision to approve the Enbridge/DTE Energy NEXUS pipeline, a $2 billion, 255-mile pipeline from the Ohio Utica Shale into Michigan that’s been flowing for years connecting to a pipeline that exports some of the gas into Canada (see
Shippers (drillers, utility companies, others that buy and sell natural gas) are now free to buy and sell producer certified gas (PCG), or responsibly sourced gas (RSG), at all pooling points across the Tennessee Gas Pipeline (TGP) system. The Federal Energy Regulatory Commission (FERC) approved the TGP pooling plan after previously rejecting the plan. FERC decided the pooling plan is precisely what we said it was–a marketing thing–and not an endorsement by FERC of whether or not the methane flowing with that designation meets certain environmental criteria.
Yesterday the U.S. Supreme Court delivered a 6-3 decision in West Virginia v. EPA that changes everything. It’s hard to overstate just how important the court’s decision is. West Virginia Attorney General Patrick Morrisey and the attorney generals from 18 other states sought to limit the federal Environmental Protection Agency (EPA) and its misinterpretation of the so-called Clean Air Act in order to regulate carbon dioxide (CO2) emissions from power plants. The court ruled in favor of WV against EPA, meaning EPA cannot regulate coal- and natural gas-fired power plants out of existence, as it was seeking to do. Let’s all revel in this MAJOR victory!
Sources whispering to Bloomberg say that Gulfport Energy, the third-largest driller in the Ohio Utica Shale (by the number of wells drilled), is having exploratory talks with Encino Energy about selling itself to/merging with Encino. In March the rumor mill said Gulfport was in talks to sell itself to Ascent Resources (see
Yesterday the NYMEX natural gas price lost 20% of its value in a single day for the second time in two weeks. When news broke on June 14 that the Freeport LNG plant would not likely return to full service before the end of this year, the NYMEX front-month contract lost $1.42 (19.75%) to close at $7.19/MMBtu (see
National Fuel Gas Company (NFG) and its pipeline subsidiary Empire Pipeline have worked on a plan to build the Northern Access Pipeline since 2016. Northern Access is a 97-mile project from McKean County in Pennsylvania into and through Allegany, Cattaraugus and Erie counties in New York, that will flow Marcellus gas into New York State. The project was repeatedly delayed by the radicals of the Andrew Cuomo (now Kathy Hochul) administration. NFG says it still wants to build the project, but needs more time. The Federal Energy Regulatory Commission (FERC) just gave NFG an extra 35 months to get the project done.
Wow, have the standards at Harvard University slipped! It used to be that Harvard was known for academic rigor–thoroughness and accuracy. Those days are long gone. Now Harvard is controlled by leftists who succumb to groupthink and political ideology instead of the scientific method. Case in point: Harvard recently published a study in Environmental Science & Technology that claims natural gas used for powering household stoves, furnaces, and water heaters “may contain” levels of “cancer-linked compounds” that are “toxic to residents when leaked.” In other words, the left has embarked on a mission to convince you that using natural gas will give you cancer. HORSE MANURE!