Pennsylvania is the Biggest Loser in PennEast Pipe Cancellation
States often get excited when the federal government deigns to hand out taxpayer money in dribs and drabs, a billion here and a billion there. Yet the best source of money to pump into an economy is private funds, invested by private companies. Private investment grows an economy for everyone, providing jobs and stimulus throughout the economy. With the sad announcement yesterday that PennEast Pipeline is abandoning its project, Pennsylvania, in particular, will miss out on most of the $1.2 billion estimated price tag to build it. All those jobs, all that investment….poof! Gone. Thanks to anti-fossil fuel nutters.
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Yesterday we told you that a program would air last night on the Fox Business channel featuring Cameron Energy, a conventional oil driller in western Pennsylvania (see 
Lest you think we’ve been overstating the case that Pennsylvania Gov. Tom Wolf wants to end the use of natural gas-fired electric power plants as evidenced by his actions in forcing the state to join the draconian Regional Greenhouse Gas Initiative (RGGI) carbon tax scheme, Wolf’s latest so-called climate plan will remove all doubt for you. Yesterday Wolf and his obsequious Dept. of Environmental Protection (DEP) Secretary Pat McDonnell released a 278-page “climate” plan that, among other things, essentially bans natural gas-fired power plants.
Five Big Green groups (some of them funded by foreign governments) led by one of the worst–the Sierra Club–are lobbying the Pennsylvania Environmental Quality Board (EQB) to force PA’s oil and gas drillers to prepay the full amount to decommission wells they drill today and likely won’t be played out for at least 30, maybe as much as 50 years from now. It’s yet another attempt to make drilling for natural gas and oil in the Keystone State so onerous, so expensive, drillers will give up.
On the topic of plugging old, abandoned (orphan) oil and gas wells in Pennsylvania, here’s an example of the oil and gas industry stepping up to do the right thing. Seneca Resources is paying to have a century-old conventional well plugged in McKean County, PA. It’s a well Seneca did not drill and has no responsibility to plug. Yet they are.
A sad exclusive to share with you today. Yesterday northeast Pennsylvania driller Rockdale Marcellus filed for Chapter 11 bankruptcy protection in U.S. Bankruptcy Court for the Western District of Pennsylvania. The company, which owns and operates 66 producing wells on 42,897 net acres in three northeast PA counties (regional headquarters in Pittsburgh) plans to auction off all of its assets according to paperwork filed with the court.
If this doesn’t prove that the environmental left isn’t really interested in the environment, but instead only in their leftist (Communistic) policies, nothing will prove it to you. A radical faction of Physicians for Social Responsibility calling itself “Concerned Health Professionals of Pennsylvania” (a false statement if ever there was one) is actively, aggressively trying to end the ability of Pennsylvania’s fracking companies to recycle wastewater (brine) that comes from naturally-occurring water deep in the ground. They figure if they can stop fracking’s green recycling program, maybe they can shut down fracking period. Sick.
A nice bump up (finally) in the number of permits to drill new shale wells in the M-U, although it’s a lot of wells for a relatively few well pads. Pennsylvania issued 19 new permits across five pads in both the northeast and southwest portion of the play, including 8 permits for a single Cabot Oil & Gas pad in Susquehanna County. Ohio issued just 3 new permits, all to Encino Energy for a single pad in Carroll County. And West Virginia issued a surprisingly high 18 permits to two drillers on three pads in two counties: Marshall and Monongalia.
Sometimes it seems like a full-time job running around and setting the record straight, correcting the outright lies and half-truths spun by the wacko environmental left. For example, shoveling up the messes made by the Ohio River Valley Institute (ORVI), a far-left, hyper-partisan, nonprofit organization. Last month ORVI peddled falsehoods at a hearing convened by the U.S. Department of Energy’s Office of Fossil Energy and Carbon Management which is conducting a study on the prospects for a petrochemical industry in the Marcellus/Utica (see
A new report from the Pennsylvania Independent Fiscal Office (IFO) shows Pennsylvania sent more than 79 million megawatt hours (MWh) of electricity to other states in 2020–by far the biggest electricity exporter in the country. And it’s mostly thanks to cheap, abundant, clean-burning natural gas. PA’s position as the number one electric exporter is now threatened by its recalcitrant Governor, Tom Wolf, who insists on forcing the state to join the Regional Greenhouse Gas Initiative (RGGI), a $2.36 billion carbon tax over the next 10 years aimed at shutting down coal and gas-fired power plants. Is Wolf certifiably insane?
A recently published book that attempts to show fracking in Lycoming County, PA area in the worst possible light, along with a section excerpted from the book running in the New York Times, once again reopens an old case that accuses Range Resources of ruining the water supply for several homes near a fracked well drilled by Range. In 2011 Range drilled and fracked the Harman Lewis Unit 1H well along Green Valley Road in Hughesville, PA. Following an investigation, the PA Dept. of Environmental Protection (DEP) slapped Range with a record $8.9 million fine in June 2015, accusing the company of faulty casing in its well, leading to methane migration that had contaminated several area water wells (see 
In May MDN told you about one of the oddest combinations in recent memory–the merger of Permian driller Cimarex Energy with Marcellus driller Cabot Oil & Gas (see