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American Energy Partners Buys 467 PA/WV Conv. Wells for $10.8M
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 subsidies in drilling, remediation, water, valuation services, and education. AEPT announced a new deal today to purchase three conventional oil and gas operators with assets in Western Pennsylvania and West Virginia for $10.8 million. The three operators (unnamed) come with a collective 467 conventional wells and 1,250 MMcfe/d of natural gas production.
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Cue the music and begin singing: Happy Birthday to You! Energy Transfer (ET), the midstream (pipeline) giant headquartered in Dallas, Texas, is celebrating its 25th year in business. The company began as a small intrastate pipeline company with 200 miles of natural gas pipes in east Texas and 20 employees. Today it owns more than 90,000 miles of pipelines crossing 38 states and Canada with nearly 10,000 employees. All in just 25 years. Hats off to co-founders Kelcy Warren and Ray Davis. ET owns a number of important pipelines in the Marcellus/Utica region.
Utility giant Duke Energy Corp. is in the process of modifying eight of its biggest coal-fired electric generating plants in North Carolina to burn natural gas instead. The work will cost Duke roughly $283 million. Work is already complete on six of the eight plants, with the final two slated to be done later this year. There is a tie-in with the Marcellus/Utica.
We spotted an article in the Philadelphia Inquirer about South Jersey Industries (owner of South Jersey Gas and Elizabethtown Gas utilities) announcing a commitment to eliminate all so-called greenhouse gas emissions from its own operations by 2040. This is what is often called net-zero carbon. Even with this major effort by SJI, the nutty Sierra Club refuses to give the company an attaboy. Instead, the Clubbers say the company should just close down all of its natural gas utility operations and…what?…let everyone freeze to death in the winter?
Terms are often thrown around that remain somewhat amorphous and undefined in our minds. Especially in a complex industry like oil and gas. What do certain terms really mean? Today we define what a “clean frac”–otherwise known as a “green completion”–actually means, and why it’s so appealing to pimple-faced, woke millennials who place a premium on ESG (environmental, social, and governance) investing.
The American Energy Alliance (AEA) is raising the alarm of a conspiracy by Democrat Attorneys General from deep blue states colluding with Big Green groups to bypass Congress with a new round of sue-and-settle lawsuits. It is the equivalent of an overthrow of the legislative branch of the federal government. Here’s how the conspiracy works…
Have you ever heard the trite but true phrase, “words mean things”? Never has that been more true than in Pennsylvania and the simple word called “royalty.” Somewhere along the way the word “royalty” got watered down and changed. A new bill being introduced by PA State Rep. Eric Davanzo (Republican from Westmoreland County) will clear up the confusion and bastardization of the term royalty, making it easy for everyone to know what can and cannot be deducted from royalties with respect to oil and gas leases.
In July 2020, PA Gov. Tom Wolf signed into law House Bill (HB) 732, a bill that grants tax breaks to companies willing to build brand new petrochemical plants in the Keystone State–plants that use huge quantities of Marcellus Shale gas (see 
When you see the words “environmental justice,” that’s just another way of saying racist–or the new shorthand “woke.” Pennsylvania Gov. Tom Wolf’s plan to participate in the Regional Greenhouse Gas Initiative (RGGI) carbon tax scheme assumes all fossil fuel-powered electric generating plants in the state are built in communities of color or in communities that are economically poor and therefore those communities can’t fight back against the injustice of being “polluted.” RGGI presumes fossil power plants are racist and sets out to correct the injustice by eliminating those power plants via taxing them out of existence.
When key players in our industry support killing the industry they work for, is the end near? That’s what we sometimes ponder. Last Friday we told you that the biggest natural gas producer in the country, EQT Corporation, has gone over to the dark side and is publicly supporting the reinstatement of Lord Obama’s draconian and onerous (and completely unnecessary) so-called methane rule that forces companies to capture every last molecule of methane, no matter how expensive and impossible and unnecessary it is (see 
Last October Energy Transfer (Sunoco Pipeline) pushed back against a demand by the Pennsylvania Dept. of Environmental Protection (DEP) that the company’s Mariner East 2X pipeline project be rerouted one mile around Marsh Creek State Park (in Chester County, PA) following a drilling mud spill in August (see 
Some good news to share. GoExpedi, a “supply chain, e-commerce and analytics company” based in Houston, Texas, opened a 15,000 square foot warehouse in North Fayette earlier this week. The company provides supplies to oil, gas, and industrial companies. The company’s database offers more than 200,000 parts and supplies. This is the company’s first northeast hub.
