EQT Seals the Deal, Completes Olympus Energy Purchase for $1.8B
In April, MDN told you that EQT Corporation, the second-largest natural gas producer in the country (and the largest producer in the Marcellus/Utica) was buying out and merging in Olympus Energy for $1.8 billion (see EQT Buying Olympus Energy for $1.8 Billion; 90K Acres, 0.5 Bcf/d). The Olympus assets comprise what EQT described as a “vertically integrated” contiguous 90,000 net acre position, offsetting EQT’s existing core acreage in southwestern Pennsylvania with net production of approximately 500 MMcf/d (or 0.5 Bcf/d) and 717 active wells. The transaction was expected to close in the early part of the third quarter of 2025. Sure enough, it closed (on July 1, the first day of 3Q), and now, Olympus Energy is no more. Read More “EQT Seals the Deal, Completes Olympus Energy Purchase for $1.8B”
A kerfuffle has erupted in Morgan Township (Greene County), PA, between drilling and pipeline giant EQT Corporation and the town over the issue of hauling heavy equipment on Morgan’s roadways. Morgan supervisors prohibited EQT from using local town roads to haul heavy equipment to work sites. On June 18, EQT filed a lawsuit against the town, which the town is sure to lose (copy below). There is word that an agreement is already in the works to settle the dispute. 
The special court established in Pennsylvania to hear appeals of Department of Environmental Protection (DEP) decisions, known as the Environmental Hearing Board (EHB), didn’t please anyone with a decision it rendered several weeks ago. We previously reported that the EHB had ruled in favor of CNX Resources to allow two previously permitted wells to move forward with construction (see 
Miracle of miracles, President Donald Trump’s One Big Beautiful Bill was passed and signed into law by the President last Friday. Somehow, the Republicans got out of their own way to unite and pass it. There’s lots NOT TO like about the bill, but there is also lots TO like. And remember, this is just the beginning. More bills (and Executive Orders) will come along. When the full effect of this bill begins to take hold and the economy soars and people are keeping more of their own money (less taxes), we predict not even the lying Democrats will be able to cover up the good news. The bill contains numerous provisions related to energy issues, including the oil and gas industry and the unreliable renewable energy sector. A significant portion of the bill focused on gutting President Autopen’s Green New Deal (also known as the Inflation Reduction Act). So, how will this bill (now a law) benefit the O&G sector? 
Lithium extracted from Marcellus shale wastewater (brine) has been in the news over the past week or so. Last week, we brought you the exciting news that a Boston-based company, Gradiant, is working on building a lithium production facility in an undisclosed PA location, which we were able to identify as Susquehanna County (see 
We hate to see internal fighting and bickering within the oil and gas industry. We (as an industry) have a hard enough time battling the crazies of the environmental left. Yet infighting has erupted over a plan to run a pipeline to a proposed gas-fired power plant in South Carolina. In February 2024, the South Carolina Public Service Commission approved a proposed project to build a 1,020-megawatt (MW) gas-fired power plant in the state’s Lowcountry, in Colleton County (see 
The number crunchers at the U.S. Energy Information Administration (EIA) had some time on their hands with the upcoming July 4th holiday, so they researched and wrote a post examining how U.S. energy use has changed since 1776. As it happens, the post is quite interesting! It chronicles the rise of fossil energy and how fossil fuels have dominated the modern era (leading to the highest standard of living in human history). However, it was a section on so-called renewable energy sources that caught our attention. In particular, one “renewable” has been around since the beginning of our country. That same renewable energy source today produces more energy than either wind or solar. And no, it’s not hydro. The renewable we’re talking about is burning wood. 
We’re trying not to snicker and laugh out loud, but it’s hard. In May of last year, the Environmental Defense Fund (EDF), a Big Green group dedicated to eliminating the use of fossil fuels, launched a methane-sniffing satellite called MethaneSAT (see 
We’ve chronicled some of the antics and borderline violent behavior of the environmental left. We’ve also told you how some on the left seek to ban free speech and put you in jail if you support fossil fuels. The United Nations, in a new report, calls for criminalizing “fossil fuel disinformation” (i.e., expressing support for fossil fuels). It calls for prohibiting fossil fuel companies from lobbying or advertising (no free speech for them). It goes on to call for making the spread of “climate disinformation” a crime. That would mean locking up MDN’s Jim Willis. The report even calls for countries to force-brainwash citizens against fossil fuels—just call it what it really is, reeducation camps. Can anyone tell us why we should remain in the UN? We can’t think of a single good reason. 
Environment-related permitting in Pennsylvania, overseen by the Department of Environmental Protection (DEP), has been a hot mess for years. A Chapter 102 Erosion and Sedimentation permit sometimes takes two, three, or even six months for approval, instead of the policy-mandated 14 days. The DEP announced last November that it would soon implement the SPEED (Streamlining Permits for Economic Expansion and Development) program to speed up the permit approval process (see 
Once again, the NYMEX natural gas front-month contract (for August) took a plunge, going down 32.40 cents (8.67%) over the last two trading sessions. On the bright side, the price, which closed at $3.4150/MMBtu yesterday, is 40% higher than this time last year. At least there’s that. The question is, why is it heading lower, and how low will it go? We went looking for answers in the usual places. It’s important to note that most of the loss came in Monday trading, when the price “collapsed” by 28.3 cents (7.6%). Yesterday, the price declined a modest 4.10 cents (1.19%). 
We are finally seeing a return to sanity and real science following four years of out-of-control edicts during the Biden autopen administration. (The old fool likely didn’t even know a tenth of the things signed under his name.) On Monday, the Federal Energy Regulatory Commission (FERC), along with the Departments of Agriculture, Energy, the Interior, and Transportation, revised regulations to eliminate all references to considering climate change, environmental justice, and other so-called environmental issues in their permit reviews. The left under Biden had introduced such nonsense in a bid to block new fossil energy projects. No more! The pendulum has swung back to the common-sense middle.