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PA AG Uses Stories of Minor Accidents to Indict ET for Pipe Crimes
Last week we told you about the uber-sleazy Attorney General in Pennsylvania, Josh Shapiro, handing down an indictment with 48 counts against Energy Transfer over (mostly) drilling mud spills–accidents that were previously addressed and handled by the state Dept. of Environmental Protection (see Corrupt PA AG Shapiro Charges Mariner East 2 Pipe with 48 Crimes). Shapiro is using the case to promote himself in his run for governor. What a sleaze. The worst part is the collusion by the media in picking out isolated sob stories to pretend there’s been a pattern of misbehavior on the part of ET.
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Once again the crack reporters at the Reuters news service have landed a huge scoop: Chief Oil & Gas, which owns 600,000 acres of leases in northeastern Pennsylvania and produces 1 billion cubic feet (Bcf) of natural gas per day, has hired an investment bank to shop the company for sale. Asking price: $3 billion.
Pennsylvania’s Independent Fiscal Office (IFO) provides revenue projections for use in the state budget process along with impartial and timely analysis of fiscal, economic, and budgetary issues to assist PA residents and the General Assembly in their evaluation of policy decisions. The IFO published its Monthly Economic Update yesterday (for October). The update contains good news for PA residents, all of whom benefit from the state’s Act 13 impact “fee” (i.e. tax) on Marcellus drilling. The IFO says the impact fee in 2022 (assessed on drilled and active wells as of 2021) will haul in an extra $74 million (to nearly a quarter of a billion dollars) thanks to the higher average price of the NYMEX futures index.
The prospect that the federal government may soon lavish trillions of dollars on the states (the Dems’ way of buying votes with the unfortunate result of causing hyperinflation) has states, especially those with Democrat governors, salivating. Pennsylvania Gov. Tom Wolf is positively giddy at the prospect. Tommy has talked to his good buddy Patty (McDonnell, Secretary of the Dept. of Environmental Protection) about all the gajillions of dollars that will flow to the Keystone State when Biden and the Dems finally (someday) pass their budget-busting bills. McDonnell has some plans for some of that money. He is beginning to recruit companies to help plug old abandoned oil and gas wells across the state.
Yesterday as Pennsylvania Attorney General Josh Shapiro falsely accused Energy Transfer (ET) of “crimes” while building the Mariner East 2 (ME2) pipeline, another bit of news about ME2 played out in the state’s court system. The PA Supreme Court agreed to hear a case in which several Big Green groups and a long-time anti-fossil fueler are demanding ET pay them back for legal fees in a lawsuit initiated by them against ET, a lawsuit they ultimately lost. Talk about arrogant.
On Monday the Pennsylvania Senate Community, Economic & Recreational Development Committee together with the Senate Environmental Resources & Energy Committee held a joint hearing on consumer and economic impacts of failing to invest in Pennsylvania’s natural gas infrastructure. Strong views were aired. State Sen. John Yudichak, chairman of the Economic Development Committee shared a startling and disturbing fact…
Last week MDN was (as far as we can tell) the first to bring you news of a new lawsuit filed in Allegheny County Court of Common Pleas against EQT alleging the company had not made required royalty payments to at least two residents, and likely many more residents (see 
Reuters is reporting Chesapeake Energy has decided to elevate Domenic Dell’Osso Jr., the company’s Chief Financial Officer (CFO), to become the next Chief Executive Officer (CEO). Dom has been with the company, as its CFO, since 2008 when Aubrey McClendon was CEO. As near as we can tell Dom is the only surviving senior management person left in the company from the McClendon and follow-on Doug Lawler years.
For years anti-fossil fuelers have sought to make confidential safety information about the Mariner East 2 (ME2) pipeline public. Specifically, they want to reveal “blast radius” information in hopes of inflaming opposition against the pipeline in their near-religious effort to get the pipeline permanently shut down (see 
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 
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.