CNX Resources Lays Off 10% of Total Workforce – More Cuts Coming?
CNX Resources has just laid off (i.e. fired) roughly 50 employees company-wide, most of them at company headquarters in Canonsburg. But not all. We heard from an MDN trust source who said at least nine workers got their walking papers in West Virginia. Given the company employs about 500 people, 50 fired represents 10% of the workforce. Question is, will there be more firings?
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The Pittsburgh Post-Gazette newspaper has engaged in a months-long smear campaign to imply the shale industry in southwestern PA is guilty of causing a “cluster” of rare childhood cancers–even though there’s an old uranium dump in the same vicinity as those cancer clusters (see
Last July a group of 100+ southwestern Pennsylvania landowners sued EQT for failure to pay them rental fees for storing natural gas under their properties (see
We caught a helpful update on PennEnergy Resources from a report on last week’s Hart Energy DUG East Conference in Pittsburgh. PennEnergy CEO Richard Weber told the DUG audience that his company is currently producing an average half a billion cubic feet of natural gas per day, with plans to increase that by 10% this year. One thing holding the company back is the ongoing outage of Energy Transfer’s Revolution Pipeline gathering system.
A group of enviro-Nazis has sunk to a new low in their holy mission to block Marcellus Shale drilling. A group of colluding Big Green groups along with sympathetic (and sycophantic) “reporters” (i.e propagandists) from the Pittsburgh Post-Gazette are exploiting the pain and suffering of southwestern PA families of children who have cancer in their attempt to stop shale drilling. It’s disgusting and sick.
In mid-December there was an explosion at a MarkWest Energy natural gas processing plant in Chartiers (Washington County), PA, injuring four people (see
A grandmother concerned that if Range Resources were to build a well pad three-fourths of a mile from her granddaughter’s school (in Washington County, PA) instead of building it a full mile from the school, tried to gain legal standing to challenge a permit granted to Range by Mount Pleasant Township. Grandma says her granddaughter has a sensitivity to benzene fumes. Yesterday a Commonwealth Court panel ruled she does NOT have legal standing to challenge the permit.
Three families who lived near a former drill site and frack wastewater impoundment in Washington County, PA sued Range Resources in May 2012 claiming the air they breathe and the water they drink had been contaminated by Range’s operations at the site (see
Pennsylvania Attorney General, Josh Shapiro, and the anti-drilling Pittsburgh Post-Gazette, continue their tag-team effort to criminalize and humiliate Range Resources. Shapiro, a sleazy politician, is investigating so-called environmental “crimes” committed by shale companies in a bid to boost his chances of being the next nominee to run for governor (see
One of the false allegations made against shale drilling is that it somehow pollutes the air–of particular concern near schools. A new independent two-year study commissioned by Range Resources at one of their drilling sites, located about a mile from a local school, thoroughly debunks that allegation. A first-of-its kind public health and long-term ambient air monitoring report (full copy below) provides analysis from nearly two years of continuous data from an unconventional Marcellus Shale well site nearby a high school and elementary school campus in Washington County, PA. The study found no health impacts from shale drilling.
Speaking of the exploded Revolution Pipeline located in southwestern Pennsylvania that’s led to a driller declaring bankruptcy (see EdgeMarc Energy Files for Bankruptcy, Blames Revolution Pipe Outage), yesterday the PA Dept. of Environmental Protection (DEP) issued an order to Energy Transfer, builder of Revolution, to “identify and restore or mitigate all streams and wetlands that it illegally eliminated or altered during the construction” of the pipeline. DEP claims ET “illegally” eliminated at least 23 streams and changed the length of another 120 streams.
The Pittsburgh Post-Gazette seems to be doing its best to tie what it calls a “cancer cluster” to local shale drilling in the region. We first noticed a developing story about a potential cluster of rare Ewing sarcoma cancer cases among children in the Pittsburgh region a few months ago, when Pittsburgh media first began to report on it.
CNX Resources released its first quarter 2019 update yesterday, which shows the company lost $87 million, as opposed to making $527 million in profit in 1Q18. Even so, CEO Nicholas DeIuliis announced the company is upping its drilling budget from the previously announced $700 million to instead spend $885 million, largely to drill more “deep dry” Utica wells. Go big or go home!