Anti-Drilling/Fossil Fuel | Broome County | Energy Services | Industrywide Issues | New York | Pipelines | Statewide NY | Williams
NY Antis, Politicians Use the Same Tired Old Lies About Pipelines
We’re sorry to have to say this, but New York State Senator Lea Webb is either a liar or a really dumb person. Prompted by some of her supporters (nine people, to be exact), Webb held a press conference in Binghamton, NY, last week to repeat the same tired old lies that building a pipeline (e.g., the Constitution Pipeline) will jeopardize lives, livelihoods, and water quality for residents of the Southern Tier. That’s a flat-out, 100% lie, and she should be ashamed. Read More “NY Antis, Politicians Use the Same Tired Old Lies About Pipelines”
At the end of the last legislative session in December, New York Gov. Kathy Hochul, an extremist liberal, signed into law a new climate bill forcing a short list of Big Oil companies to pay $75 billion in “recovery” assessments over the next 25 years for their alleged role in causing mythical global warming (see 
BlackRock, the world’s largest investment firm with some $9 trillion of assets under management, managed to get itself off the poopy list in Texas by ending its participation in a number of so-called ESG (environment, social, governance) groups and by groveling before Texas officials. The Texas Permanent School Fund (PSF) pulled $8.5 billion of its investments away from BlackRock in March 2024 after the state determined that BlackRock was engaged in a boycott of energy companies by pressuring companies to avoid the fossil fuel sector by using ESG litmus tests (see 
Range Resources issued its second quarter 2025 update on Wednesday. Range’s production averaged 2.20 Bcfe/d, approximately 68% natural gas. Range drilled ~285,000 lateral feet across 20 wells, while turning to sales ~156,000 lateral feet across 12 wells. 2Q25 drilling and completion expenditures were $136 million. In addition to D&C spending, Range spent approximately $11 million on acreage and $7 million on infrastructure, pneumatic devices, and other investments. The company announced it is targeting power generation to grab some of the 4-5 Bcf/d of forecasted new demand coming from the powergen sector. 
Pennsylvania’s Republican Attorney General, Dave Sunday, has turned out to be a MAJOR disappointment. Yesterday, Sunday’s office filed 14 criminal counts against Equitrans Midstream (now owned and part of EQT Corporation) for an accident that happened in 2022. In November 2022, one of the ten natural gas storage wells at the Equitrans Rager Mountain Gas Storage Area in Jackson Township, Cambria County, began to leak. Equitrans is the owner/operator of Rager Mountain. The well leaked roughly 100 million cubic feet per day (MMcf/d) of gas into the atmosphere (see 
Duke Energy is a Fortune 150 company headquartered in Charlotte, NC, and is one of America’s largest energy holding companies. Duke’s electric utilities serve 8.2 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio, and Kentucky, and it collectively owns 50,000 megawatts of energy-generating capacity. Duke’s natural gas unit serves 1.6 million customers in North Carolina, South Carolina, Tennessee, Ohio, and Kentucky. The company employs 28,000 people. We’ve covered many stories over the years of Duke seeking to build new gas-fired power generation throughout its territory. Here’s another new one: Duke wants to build two new gas-fired power plants (combined capacity of 850 megawatts) near its home base, just outside of Charlotte in Rowan County, NC. 
In January 2023, New York Gov. Kathy Hochul, a leftist Democrat, floated a plan to ban natural gas hookups in every single new home and business across the “Empire” State (see 
Embedded in yesterday’s EQT Corporation update for the second quarter was the news that EQT’s plan to expand capacity along the existing 303-mile Mountain Valley Pipeline (MVP) from Wetzel County, WV, to Pittsylvania County, VA, is getting a “jumpstart” this year. One year ago, EQT announced a plan to expand capacity along MVP, from 2.0 billion cubic feet per day (Bcf/d) to 2.5 Bcf/d (see 
In June, EQT Corp. agreed to pay $167.5 million to investors who claimed the company overstated the benefits of its $6.7 billion merger with Rice Energy (see 
According to Enverus Intelligence Research, the upstream M&A (mergers and acquisitions) sector “hit the brakes” during the second quarter, falling 21% quarter-over-quarter to $13.5 billion. There were two Marcellus/Utica deals in the top five. Actually, our two deals were in the top three. The announcement by EOG Resources cutting a deal to buy Encino Energy in the Ohio Utica for $5.6 billion was the #1 highest value M&A deal in upstream O&G during 2Q (see 
Ascent Resources, founded as American Energy Partners by Aubrey McClendon, a gas industry legend, is a privately held company that focuses 100% on the Ohio Utica Shale. Ascent, headquartered in Oklahoma City, OK, is Ohio’s largest natural gas producer and the 8th largest natural gas producer in the U.S. Yesterday, Ascent published its 2024 Sustainability Report, chronicling the company’s environmental, health and safety; social; and governance (ESG) efforts and accomplishments in 2024. 
You know the old phrase “All talk and no action”? Donald Trump and his administration are the opposite—or at least, a variation. Trump does talk…a lot. But he’s also a man of action. Last week, Trump visited Pittsburgh to announce $92 billion worth of investments in the Keystone State related to AI and data centers (see 
In September 2022, EQT announced a deal to buy privately owned Tug Hill Operating’s West Virginia shale assets (90,000 acres and 800 MMcf/d of production in West Virginia) for roughly $5.2 billion (see