EQT Looks to Sublease HQ Space – Leaving Downtown Pittsburgh?
EQT Corp. is offering to sublease “more space” at its downtown Pittsburgh headquarters building. Back in April, before the change in leadership at the top, EQT offered up to 46,000 square feet of space to lease at its massive 250,000 square foot building known as EQT Plaza, located at 625 Liberty Ave. (see EQT Looking for New HQ Building in Pittsburgh). At the time the company was rumored to be looking for a new, smaller HQ somewhere in downtown Pittsburgh, which we chalked up to a negotiating tactic. The rumor now is that EQT is looking to lease even more than the original 46K sq ft, and possibly leave downtown Pittsburgh.
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Last December Williams announced its Leidy South Project, a new expansion of the Transco pipeline in Pennsylvania (see 
Sunoco Logistics Partners, a subsidiary of Energy Transfer, is still on the Pennsylvania Dept. of Environment Protection’s (DEP) naughty list. In February, PA Gov. Tom Wolf ordered the DEP to suspend all reviews of clean water permit applications and other pending approvals for ALL of ET/Sunoco’s pipeline projects in the state–including the Mariner East and Revolution pipeline projects. The ban on approving reviews has not yet been lifted and means that in 33 locations across the state (most of them in the Philadelphia area) Sunoco can’t complete underground horizontal direction drilling (HDD) work for its Mariner East pipeline projects.
Chester County, PA District Attorney Thomas P. Hogan famously announced to the world last December he would investigate Sunoco Logisitcs and their Mariner East (ME) pipeline projects for “crimes” (see 
Last year the Pennsylvania House of Representatives debated and voted to approve a slate of five bills aimed at fixing not only the slowmo way the DEP approves shale permits, but also roll back some of the egregious regulatory overreach that now exists in PA (see 
There is no way to track exactly how much royalty revenue is received by Pennsylvania landowners, because royalty income is not reported separately on the Pennsylvania income tax return. Royalty income is combined with rental, patent and copyright income on line 6 of the PA-40 state income tax return. However, the crack researchers at the Pennsylvania Independent Fiscal Office, a state government agency created in 2010, has a way of estimating how much revenue has been generated by oil and gas royalties. The IFO just released a report (full copy below) that shows they estimate royalties in 2018 hit their highest level since they began tracking oil & gas royalty revenue in 2010.
Although we haven’t (yet) had the pleasure of a tour at the massive Shell ethane cracker plant complex in Beaver County, PA (near Pittsburgh), we’ve spoken to others who have. Universally they say it is a marvel to behold. The world’s second largest crane, dubbed “the Mother of All Cranes” is on site, along with about 100 other cranes (no lie, at least 100 cranes). The site is teeming with thousands (yes thousands) of construction workers–some 5,000 right now, and will reach 6,000 by year’s end. But we’ve turned a corner. According to officials, most of the large structures have now been built and the work is shifting to connect them all. Come along with us for a video tour of the facility.
The town of East Goshen, in Chester County, PA (near Philadelphia) has a noise ordinance in place from 10 pm to 7 am. Sunoco Logisitics, working on installing a section of the Mariner East 2 pipeline through the township, requested an exemption to allow them to work all night long. Their argument is that once you start pulling pipe through the hole you’ve just drilled, you can’t just stop. Last week the town supervisors voted against granting the exception. Shhh, quiet after 10.
In April, Pennsylvania State Rep. Mike Turzai, Speaker of the House, and a group of conservative Republicans, announced a plan for the future of PA (see 
Pennsylvania’s Pipeline Investment Program (or PIPE) grants cover part of the cost of building new natgas pipelines to connect homes and businesses in rural parts of the state to homegrown Marcellus Shale gas supplies. We’ve written about many of the more-than-a-dozen (so far) PIPE grant projects in the past (