Columbia Pipeline Group | Energy Services | Industrywide Issues | Litigation | M&A | Pipelines | TC Energy/TransCanada
Columbia Pipeline Shareholders Sue re 2016 Sale to TransCanada
TransCanada Corporation, which renamed itself TC Energy earlier this year, made a play for and bought out/merged in U.S.-based Columbia Pipeline Group in 2016 (see TransCanada and Columbia Pipeline Tie the Knot Today). TransCanada paid $13 billion for Columbia, including assumption of $2.8 billion of debt. Columbia has major pipeline operations throughout the Marcellus/Utica region.
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Ever notice the tagline under the MDN logo? It says: “Helping People & Businesses Profit from Northeast Shale Drilling.” Not mentioned are non-profits, but even non-profits can “profit” from shale drilling. How? By applying for grants awarded either by the industry itself (drillers, pipeline and utility companies), or, in this case, by applying for grants from the PA state government.
A few weeks ago the Ohio Oil and Gas Energy Education Program (OOGEEP) published a new resource for those interested in checking out the many (many!) job opportunities there are working in the oil and gas industry. Not a list of open positions at specific companies, but a list of jobs and careers. Everything from administrative assistant and attorney to welder and workover rig supervisor. But this isn’t just a laundry list of 75+ careers/jobs, it includes a detailed explanation of what each job does, the amount and type of education required, and a list of places (in Ohio, of course) where you can receive training for that type of job. This is an awesome resource!
Yet another attack on the shale industry by two Pittsburgh Post-Gazette “reporters” (propagandists) who have made a career of unfairly attacking shale–Don Hopey and David Templeton. This latest smear job makes the claim that leachate coming from a landfill piped to a municipal wastewater treatment facility is “contaminated” with all sorts of nasty chemicals (what the heck do you think is in leachate, anyway?!). The claim is the chemicals in the leachate are present because of drillers dumping leftover rock and dirt that comes out of the ground when drilling new holes for shale wells into the landfill.
Anti-fossil fuel fanatics attempting to ban natural gas extraction, the pipelines that flow it, and even end-use of natgas have blathered on for years that “
We’ve been saying the following until we’re blue (flame) in the face (pun intended): Natural gas is not a *bridge* to the future of energy, natural gas is THE DESTINATION. We have enough gas supplies for at least 100 years, likely much longer. Natgas is low emissions. It’s not harming Mom Earth. What’s not to love about extracting and BURNING natural gas? It seems others are now embracing this view. An editorial in the Wall Street Journal asks the question, if Warren Buffett is willing to invest $10 billion to help Occidental Petroleum buy Anadarko Petroleum, what does old Warren know that we don’t? Here’s the better question: What if renewables don’t pan out after all? What if renewables can’t supply all of our energy needs? Is that what old Warren is thinking?
One of the false allegations made against shale drilling is that it somehow pollutes the air–of particular concern near schools. A new independent two-year study commissioned by Range Resources at one of their drilling sites, located about a mile from a local school, thoroughly debunks that allegation. A first-of-its kind public health and long-term ambient air monitoring report (full copy below) provides analysis from nearly two years of continuous data from an unconventional Marcellus Shale well site nearby a high school and elementary school campus in Washington County, PA. The study found no health impacts from shale drilling.
Yesterday New York Gov. Andrew Cuomo dropped an economic atom bomb on New York City by rejecting a natural gas pipeline to bring more supplies of clean-burning natgas to NYC and Long Island (see 
Pennsylvania Gov. Tom Wolf, arguably PA’s worst governor in a generation, has just thrown in his lot with uber-leftists Andrew Cuomo (governor of NY), Phil Murphy (governor of NJ), and John Carney (governor of DE) to support a total, permanent ban on fracking *and a ban on any drilling-related activities* in the Delaware River Basin (DRB). Put another way, Wolf has just turned his back on thousands of PA citizens living in the Wayne and Pike counties (in PA) who could be, right now, benefiting from Marcellus Shale drilling.
Yesterday two northeast Pennsylvania legislators–state Representative Aaron Kaufer (Republican) and state Senator John Yudichak (Democrat)–hosted a rally to promote proposed new bipartisan legislation aimed at luring a “world-class” petrochemical manufacturing plant to the Scranton/Wilkes-Barre area. A big plant, on the order of the Shell cracker plant in southwestern PA. But no, not an ethane cracker. The kind of plant the two legislators want to attract in northeastern PA would leverage the huge volume of locally extracted Marcellus dry gas (i.e. methane).
A year ago we told you about the U.S. Environmental Protection Agency (EPA) launching a new study examining the possibility of treating oil and gas wastewater and (gasp) releasing the cleaned-up wastewater into lakes and rivers, instead of injecting it back down holes in the ground (see 
Hey New York Islanders NHL team–you’re screwed. No new stadium because your governor, Andrew Cuomo has just directed his corrupt Dept. of Environmental Conservation (DEC) to deny a permit to build the Williams Northeast Supply Enhancement (NESE) natural gas pipeline, a pipeline your new stadium needs or won’t get built. You can thank Andy for blowing your billion dollar project. Oh, and residents in NYC’s tenement buildings who won’t have heat next winter because their landlords are being forced by the city to dump fuel oil and now have nothing to switch to? They can thank Andy too, as they huddle with their winter coats on in their freezing apartments.