UGI Sues Rockdale Investors Over “Brazen Scheme” to Break Pipe Contract
In September MDN broke the news that Rockdale Marcellus had filed for Chapter 11 bankruptcy protection in U.S. Bankruptcy Court for the Western District of Pennsylvania (see NEPA Driller Rockdale Marcellus Files for Chapter 11 Bankruptcy). In October Rockdale filed a lawsuit to break its pipeline contract with UGI (see Rockdale Bankruptcy Gets Messier – Sues UGI to Break Pipe Contract). Last Friday UGI fired back, filing its own lawsuit against Rockdale’s investors claiming their attempt to break the pipeline contract with UGI is a “brazen scheme” to acquire all the assets of Rockdale through a bankruptcy sale and either force UGI to grant them millions of dollars in concessions under the gathering agreement or, alternatively, eliminate the gathering agreement altogether so they can build their own pipeline.
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We have some exciting, and exclusive, news to share with the MDN audience. We previously told you that the Ohio Dept. of Natural Resources (ODNR) was behaving like a child, dragging its collective heels to prevent two side-by-side injection wells in Belmont County developed by Omni Energy from beginning operation (see 
In January 2016, Invenergy announced its intention to build a natgas-powered electric plant in Elizabeth Township, in Allegheny County (see 
We were encouraged in September when the Connecticut State Supreme Court upheld the Connecticut Siting Council’s approval for NTE Energy’s proposed project to build a 650-megawatt natural gas-fired electric plant in Killingly, CT (see 
Democrats, who are truly desperate and hoping that massive theft of some people’s money to use in bribing other people to vote for them, finally passed a $1.2 trillion so-called infrastructure bill last Friday. It’s a “Hail, Mary” move aimed at trying to retain some of their power, which they will certainly lose in the 2022 election. Here’s what to know about the bill, which tries (but ultimately fails) to reduce the use of fossil fuels: Of the $1.2 trillion allocated over the next five-plus years, only $110 billion (or 9%) of it will actually be used for infrastructure–roads, bridges, etc.
Nearly two weeks ago MDN brought you the news that Southwestern Energy was in talks to buy a second (for them) Haynesville driller, GeoSouthern, for $1.7 billion (see 
In September a cabal of virulent anti-fossil fuel groups, including the Sierra Club, Clean Air Council, PennFuture, Earthworks, and Mountain Watershed Association (all of which hate oil and natural gas), launched their latest attack against the Pennsylvania oil and gas industry. The groups sent a request to the PA Dept. of Environmental Protection (DEP) lobbying for a dramatic increase in the amount of money drillers must post as a bond when drilling a new well. Unfortunately, the DEP listened and is acting on that request.
What the heck is going on? First, the EPA under Biden is making a massive power grab to control oil and gas drilling (in contravention to the U.S. Constitution) by issuing methane regulations and the oil and gas industry is just laying down and taking it, after opposing the very same thing under Obama in 2016 (see 
Conservatives (including MDN) eagerly watch election results as they came in this past Tuesday night. Conservatives rightly anticipated the Virginia governor’s race would go to the Republican, Glenn Youngkin. Conservatives had hoped for a good showing in deeply blue New Jersey, with 1.1 million more registered Democrats than Republicans. We got much more than that! The odious leftist Democrat Phil Murphy ran for reelection for another four years in the Garden State. The unknown Republican running against him, Jack Ciattarelli, came within (under) 1% of the same number of votes as Murphy. Hopefully, Ciattarelli will demand a recount. The question is, did energy have anything to do with NJ’s vote, and if Ciattarelli pulls off an upset, what might that mean for pipeline projects canceled under Murphy?
It is obvious MDN is out of step with the industry it supports and promotes. We think the federal EPA’s announcement on Tuesday that it will draft and adopt new emissions regulations aimed at reducing methane (i.e. natural gas) emissions is clearly unconstitutional (see 
It is alarming and shocking how leftist ideology has infected the financial industry worldwide. Banks and asset managers representing 40% ($130 TRILLION) of the world’s financial assets have pledged to meet the goals set out in the Paris climate agreement. More than 450 firms, holding nearly half of the money that gets invested, now belong to the Glasgow Financial Alliance for Net Zero. Their aim? To defund all fossil fuel energy. We’re kind of speechless.