Williams Shareholders Vote “For” ETE Merger; Appeal Court Ruling
Yesterday 63% of Williams Companies shareholders voted in favor of a merger with Energy Transfer Equity at a specially called meeting at Williams’ HQ in Tulsa, Oklahoma. Specifically, they voted to approve the merger and receive their proceeds in all cash, thank you very much. Not that it makes a hill of beans worth of difference–because the deal is dead. Last Friday ETE won the right to walk away from the deal not owing Williams anything (see Court Says ETE Can Terminate Williams Merger; Williams Votes Today). As we’ve maintained for some time, this is all window dressing and legal posturing. Williams also said yesterday they will appeal the courts decision from last Friday, maintaining they (Williams) believes ETE is still contractually bound to buy (and more importantly pay) the big investors of Williams. Below are a pair of announcements from Williams about yesterday’s vote, along with some analysis…
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There was lots of cracker talk at the first Northeast U.S. & Canada Petrochemical Construction Conference & Exhibition in Pittsburgh yesterday. According to NGI’s ace reporter for Shale Daily, Jamison Cocklin, excitement over the Shell cracker announcement from a few weeks ago was “palpable” at yesterday’s event. There was plenty of talk about the Shell cracker–but the talk coming from the event that interests MDN is talk about both the PTT Global Chemical cracker planned for Ohio, AND the Braskem cracker planned for West Virginia. These other two world class cracker plants (similar in size and scope to Shell’s project) “remain on track.” Now that is news!…
It’s time to sue the nutjobs at the Sierra Club out of existence. The “non-profit” so-called environmental organization is a menace to all Americans. It’s a vipers nest of lawyers who exist solely to line their own pockets. The way they do it is to file lawsuits and “petitions” by the dump truck-load (generating work for lawyers). One of the projects they’re trying to stop is the much-needed Dominion Atlantic Coast Pipeline, a 550-mile, $5 billion project that will run from West Virginia into Virginia and on into North Carolina–benefiting the residents of all three states (see 
Apparently it’s just fine with the Obama Department of Justice (DOJ) if a French company, like Technip, wants to buy an American company, like FMC Technologies. The DOJ and Federal Trade Commission (FTC) have just given the green light for the two to merge to create a new $13 billion oilfield services company (see 
How many times will the antis who pretend to be concerned about people’s health, but really are irrationally afraid of emitting carbon (although they do it with every breathe), demand a vote on a frack ban in Youngstown that nobody wants? So far the loons have managed to fabricate enough signatures to get a frack ban measure on the ballot five times, most recently in November 2015 (see 
If the Democrats ever gain control of the White House and Congress again, it will spell the end of our First Amendment free speech rights. That much is certain. How do we know? Radicals in charge of the Democrat Party platform have added a plank that specifically calls for prosecuting anyone who disagrees with the myth that mankind is causing the earth to heat up. Never mind the earth ISN’T ACTUALLY HEATING UP AND HASN’T BEEN FOR 20 YEARS! (see 
Last Friday MDN told you about the latest plan to tax Pennsylvania natural gas–something called a gross receipts tax (see 
Don’t worry, you stupid farmers in Belmont County, OH. A really really smart liberal from Yale University (who believes in the fairy tale of man-made global warming) has arrived in your midst and is willing to pay you big money–$20 (yes, twenty dollars)–to participate in a “study” with a pre-determined outcome that you’re being poisoned by fracking. The latest laughable “research study” by a small group of Yale “researchers” is underway in Belmont. The researchers are looking for 100 local yokels who are willing to tell them how they’ve been harmed by fracking, so the researchers can plaster the Yale name on yet another fraudulent study funded by Big Green organizations. We’ve seen this movie before. In 2014 Yale researchers released a similar study of 180 people in Washington County, PA, funded by Heinz Foundation and other Big Green funders (see 
An update on Spectra Energy’s Texas Eastern Transmission’s (TETCO) “Delmont Line 27” which exploded in Westmoreland County, PA on April 29 (see 
Virginia Department of Mines, Minerals and Energy (DMME) wants an independent, third-party review of proposed natural gas drilling regulations in the state. The last time such regulations was reviewed was in 2004, over a decade ago. A lot has changed since then. At that time, a group called the State Review of Oil and Natural Gas Environmental Regulations (STRONGER) performed the review. It’s only natural that the same group do the new review–so the DMME hired STRONGER to do it. And that has anti-drilling nutjobs in a tizzy. Eight radical anti-drilling groups say STRONGER has industry backing and will not be fair and impartial in their review. In other words, STRONGER won’t recommend rules so strict as to ban fracking, which is what the radicals want. Here’s the thing: STRONGER has members of Big Green groups as part of the organization–including Earthworks and Trout Unlimited. STRONGER receives funding from the U.S. Environmental Protection Agency (EPA) and the Dept. of Energy (DOE). So how do the nutters figure STRONGER isn’t objective or unduly influenced? If anything, STRONGER is influenced toward being too cozy with Big Green causes…
In February, a Philadelphia judge for the Court of Common Pleas (low-level court in PA) ruled in favor of the anti-drilling Clean Air Council against Sunoco Logistics Partners and their Mariner East 2 pipeline (see