Meg Gentle Suddenly Departs as CEO of Tellurian/Driftwood LNG
In December 2015, evil corporate raider Carl Icahn (invests in companies so he can fire a bunch of people, boost the stock and pocket the profit) fired Cheniere Energy CEO Charif Souki (see Evil Corporate Raider Carl Icahn Claims Another CEO Scalp). Souki didn’t let it slow him down. He started a new LNG export company, Tellurian, to compete with his old company (see Revenge: Fired Cheniere CEO Starts Competing LNG Company). Souki later lured away Cheniere executive Meg Gentle to be the CEO of Tellurian. As of yesterday Gentle is out, replaced by Octávio Simões.
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Here’s a first! Pennsylvania has (so far) issued 36 permits for frack wastewater injection wells. Every single one of those wells is located in the western part of the state. A frack wastewater company headquartered in Susquehanna County, PA (in the northeastern part of the state) is “exploring the possibility” of building an injection well in (no lie) Dimock! We love it!
Enbridge’s Weymouth compressor station project, the final piece of the $452 million Atlantic Bridge expansion project, last week received permission from the federal Pipeline and Hazardous Materials Safety Administration (PHMSA) to begin operations in early December. This is a MAJOR victory.
Sunoco Pipeline is beginning construction work this week on some of the final bits of the Mariner East 2 pipeline project in Delaware County. One of the projects is to install the pipeline through the Glen Riddle Station Apartment complex. The owner and tenants are not happy. They should have known this day would come.
Mainstream media is spinning the story of a Cumberland County, PA man who doesn’t feel safe living 1,000 feet away from the Mariner East pipeline into a David and Goliath cliche. The man won a small victory from a left-leaning, Sunoco-hating administrative law judge last December (see 
A truly bipartisan bill ensuring only those people in Pennsylvania who actually need pipeline safety information have access to it was signed into law last week by Gov. Tom Wolf. PA House Bill (HB) 2293 requires pipeline operators to provide emergency response plans upon request to the secretary of the Public Utility Commission, the Pennsylvania Emergency Management Agency, and the Emergency Management Director for each county where the pipeline runs through a densely populated area.
Yesterday Pennsylvania’s Independent Fiscal Office (IFO) released its latest quarterly Natural Gas Production Report–for July through September 2020 (full copy below). The report shows natgas production in PA rose 2.0% compared to the same period last year, which is the lowest increase on record since the shale revolution began. The number of new wells spud (drilled) in 3Q20 was 111, down 18% over 3Q19.
In September MDN brought you the news that pipeline company Enbridge is building a solar farm to provide electricity to power (in part) a Texas Eastern Transmission Pipeline Company (TETCO) compressor station in Hunterdon County, New Jersey, which is a first (see 
There are those in the non-thinking, arrogant, ignorant Big Green movement who demand (they always demand) that everyone (except themselves) stop using fossil fuels. Now. Or the earth is dead in 10-20 years. (It’s always 10-20 years, ever notice that?) And then there are those who kind of believe there may be something to man-made global warming who are looking for ways to reduce carbon emissions realistically. Those in the latter camp, people who actually think rationally, say there is one way to reduce CO2 emissions over the next 30 years: by using more (not less) natural gas.
The American Petroleum Institute (API) has finally grown a backbone. Maybe. Back on Nov. 7, the API welcomed, 
Pipeline giant Williams has cut a deal outside of bankruptcy court with Chesapeake Energy. The deal means Williams will continue to gather Chesapeake’s production in the Marcellus, Eagle Ford, and Midcontinent shale regions. Chessy has also committed to buying up to 150 million cubic feet per day (MMcf/d) of capacity on Williams’ new Transco Regional Energy Access project which will flow Marcellus gas to customers in Pennsylvania and New Jersey.
Every now and again we hear from MDN readers who mildly (or strongly) disagree with our politics and view of the leftwing Democrat Party and the frail, mentally-challenged Joe Biden (who won’t last two years in office before he’s pushed out for medical and/or mental reasons). They tell us a Biden presidency isn’t the end of oil and gas, and maybe he will even help our industry! (Even though Biden promised to “transition away from oil” in his last debate appearance.) We’re mystified that anyone can hold the view that Biden will be good for O&G, but there are people (in our audience) who do hold that view. The article below does a good job of capturing their viewpoint and thinking about the incoming Biden administration.
“OK Jim, what’s *really* going to happen to the oil and gas industry under a Joe Biden presidency? None of your apocalyptic B.S. please.” We’ve heard that sentiment/question expressed on occasion by MDN subscribers. Last week the Dallas Federal Reserve Bank and the Kansas City Reserve Bank hosted a virtual conference titled, “Energy and the Changing Economy: Navigating the Changing Energy Landscape.” Some of the best experts in the industry (some of them Biden supporters) delivered their best guess as to what will realistically happen over the next four years to the oil and gas industry under a Biden administration…