1st Casualty of OH Save Nukes Law – $1.1B Lordstown NatGas Plant

The boneheaded new law passed by the Ohio legislature known as House Bill (HB) 6, meant to save a couple of failing nuclear plants along with a few coal-fired electric plants, has just claimed its first casualty. And it’s major. Clean Energy Future Inc. which has already built two natural gas-fired power plants in Lordstown (Trumbull County, OH) announced it is canceling a project to build a third Lordstown power plant–costing the state $1.1 billion of investment. What a disaster.
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New Ohio Chapter of NARO Launches for Rights & Landowners

The National Association of Royalty Owners (NARO), with a mission “to encourage and promote exploration and production of minerals in the United States while preserving, protecting, advancing and representing the interests and rights of mineral and royalty owners” is getting a brand new state chapter–in Ohio. The Ohio chapter of NARO is an offshoot from the NARO Appalachia Chapter–in order to focus exclusively on issues in Ohio.
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U.S. Senator from Ohio Visits Encino Well Pad to Promote Jobs

Last November Encino Acquisition Partners (i.e. Encino Energy) completed its purchase of all of Chesapeake Energy’s Ohio Utica Shale assets for $2 billion (see Stop Press: Chesapeake Sells ALL of its Ohio Utica Assets for $2B). The deal included all of Chesapeake’s 933,000 Ohio acres–with 320,000 net Utica acres–and 920 operated and non-operated Ohio Utica wells.
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Fed Court OKs OH Class Action Royalty Lawsuit Against Cheseapeake

In 2017 a group of Ohio landowners did what others had previously done in Pennsylvania, Texas and elsewhere–they filed a proposed class action lawsuit against Chesapeake Energy claiming Chessy had screwed them and about 1,000 other Ohio landowners out of a collective $30 million in royalty payments (see OH Landowners File Royalty Class Action Lawsuit Against Chesapeake).
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Ohio RINO AG Rejects Anti-Nuke Referendum

Ohio recently passed an odious new law (House Bill 6) to prop up two bankrupt nuclear power plants and several coal-fired plants (see Ohio Nuke Bailout Law Means Fewer Natgas-Fired Electric Plants). The law raises electric rates for all Ohioans and threatens to end a number of planned natural gas-fired electric plant projects–billions of dollars worth of gas projects.
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Referendum to Overturn OH Nuke Bailout Law Gains Momentum

Two weeks ago MDN brought you news about a newly passed Ohio law (House Bill 6) to prop up two bankrupt nuclear power plants and several coal-fired plants (see Ohio Nuke Bailout Law Means Fewer Natgas-Fired Electric Plants). The law raises electric rates for all Ohioans and threatens to end a number of planned natural gas-fired electric plant projects–billions of dollars worth of gas projects.
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OH Court Says Internet Search to Find Mineral Owners Not Required

How much “due diligence” must a landowner engage in when it comes to locating a long lost mineral rights owner in Ohio? According to Ohio’s Dormant Mineral Act (ODMA), the landowner who wants to reclaim mineral rights that were severed must (a) send a certified letter to the last known address of the rights owner, and (b) if that doesn’t work, publish a notice in local newspapers to try and find the long lost rights owner. After that, the landowner can reclaim the mineral rights (an oversimplification, but you get the idea).
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Tallgrass Expanding Wastewater Disposal Biz in Marcellus/Utica

We caught wind of something on the Tallgrass quarterly conference call yesterday that had previously eluded our otherwise reliable radar. Tallgrass, via its subsidiary BNN Water, bought out and merged in Central Environmental Services back in May. That’s important because Central is a “water services” provider in the Marcellus/Utica. Namely, Central (now BNN) operates three injection wells in Ohio. On yesterday’s Tallgrass conference call, company officials said they are working on a plan to build pipelines to those injection wells, saving a whole bunch of truck trips.
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Rig Counts Heading Down in Most Shale Plays – What About M-U?

It’s hard to miss the stories in oil and gas (even national) media: Company after company, in particular oilfield services companies, are predicting a big slowdown in drilling during the second half of 2019. Over the past few days OFS companies including Schlumberger, Halliburton, Patterson-UTI, Superior Energy Services, Helmerich & Payne, and RPC have all predicted a coming decline (crash?) in drilling in the near future. What about the Marcellus/Utica region? Does the coming slowdown affect us too?
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OH Power Plant Builder Vows Referendum to Overturn Nuke Bailout Law

Yesterday MDN brought you the news of a newly passed Ohio law to prop up two bankrupt nuclear power plants and coal-fired plants (see Ohio Nuke Bailout Law Means Fewer Natgas-Fired Electric Plants). It’s an outrageously dumb law that raises electric rates for all Ohioans and threatens to end a number of planned natural gas-fired electric plant projects (billions of dollars worth). It didn’t take long for the builder of some of those natgas plants to announce a referendum effort to overturn the new law.
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Ohio Nuke Bailout Law Means Fewer Natgas-Fired Electric Plants

A new law passed in Ohio to bail out two bankrupt nuclear plants was pitched as a way for ratepayers to save money. That was a lie. A bunch of squishy RINOs along with some Democrats in the Ohio legislature passed a new bill yesterday, signed into law immediately by Ohio’s RINO governor, Mike DeWine, to add a new surcharge to every residential and business electric bill in order to keep the two financially failing nuke plants operating for years to come. It’s a $5.4 billion boondoggle.
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Energy Transfer Considers Sale of Rover Pipeline for $2.5B

Super secret sources are whispering to Bloomberg that Energy Transfer is seriously considering selling its 33% ownership stake in the 713-mile, 3.25 billion cubic feet per day of natural gas Rover Pipeline, a line that flows Utica Shale gas from Ohio into Michigan and all the way to Ontario, Canada. Such a sale would net ET somewhere around $2.5 billion. Yes, we’re shocked!
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EnerVest Still Owns 7K Wells, 1.1 Million Acres in Ohio

It’s been some time since we’ve checked in on EnerVest, a private equity firm that owns a lot of acreage and wells (most of them conventional) in the Marcellus/Utica region. We spotted an update on the company’s holdings given by Steve Downey, EnerVest’s vice president of business development. Steve also happens to be president of the Ohio Oil & Gas Association (OOGA).
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Ohio Lawsuits Continue re Long-Completed Rover & NEXUS Pipelines

Even though both the Rover Pipeline, built by Energy Transfer Partners, and NEXUS Pipeline, built by DTE Energy and Enbridge, have been in service for months (or years), lawsuits against the two projects continue to this day. Some of the lawsuits we understand–cases of landowner property being damaged by construction activities. Some of the lawsuits are politically motivated and funded by Big Green “environmental” groups. Ohio itself is in there too, with its own lawsuit. Ohio EPA’s Craig Bulter is still hunting his great white whale.
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DC Court Allows NEXUS Case (to Emasculate FERC) to Proceed

Yesterday the D.C. Circuit Court of Appeals, the court that handles challenges to regulatory agencies like the Federal Energy Regulatory Commission (FERC), refused to toss out a case filed by the City of Oberlin, OH and a regional anti group (with the backing of Big Green lawyer$). The lawsuit challenges FERC’s approval of the NEXUS Pipeline project. Even though NEXUS is built and flowing, and even though Oberlin settled with NEXUS, meaning there is no longer a reason to sue, that doesn’t matter to antis. There’s a larger issue at play, and the D.C. Circuit played right into the hands of Big Green manipulators.
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Equinor (Statoil) Drilling Long Utica Laterals, Production Up 5X

We caught some news of interest coming from last week’s Hart Energy DUG East Conference about Equinor, formerly known as Statoil. According to reporters at the event, Nicole Baird, an asset manager with Equinor, said the company has increased its Utica production five-fold from 2016 to 2018 and now produces in the range of 300 million cubic feet per day (MMcf/d) of Utica shale gas.
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