Wealthy Va. Landowners Consider Next Moves Post-ACP Cancellation
Earlier this month Dominion Energy announced it is throwing in the towel and canceling the 600-mile Atlantic Coast Pipeline (ACP) project that would have stretched from West Virginia to North Carolina. The company also announced it is selling its pipeline business to Warren Buffett (see Dominion Cancels Atlantic Coast Pipe, Sells Pipe Biz for $9.7B). Uppity, wealthy Virginia landowners who didn’t want the pipeline buried under their horse pastures are still celebrating. Now that the hangovers have mostly cleared up, the uppity landowners are asking questions about what comes next. Can they sue Dominion to recoup legal costs in fighting the project? Can the legally-obtained easements against their properties for ACP be sold to someone else who wants to build a different pipeline?
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Yesterday MDN brought you the news that CNX Resources is buying out the balance of what they don’t own in their pipeline subsidiary CNX Midstream (see
We love a story about an individual or company that defies conventional wisdom and succeeds by charting its own course separate from the herd. Diversified Gas & Oil (DGO) is one such company. DGO buys up older conventional (and shale) wells in Appalachia, making money off the “long tail” of low production (see 
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