Electrical Generation | Energy Companies | EQT Corp | Industrywide Issues | Pennsylvania | Westmoreland County
EQT Invests in Fuel Cell Co. – Foresees Future Market for NatGas
A fuel cell manufacturer located in Westmoreland County, PA, WATT Fuel Cell, disclosed yesterday it has closed on its latest round of financing. The biggest investor? EQT Corporation. WATT has added EQT CEO Toby Rice to its board of directors. According to Caine Finnerty, WATT president and chief operating officer, “This round of investment enables WATT Fuel Cell to continue our advancement and commercialization of residential fuel cells, while funding additional innovation to develop larger fuel cell units for the industrial market.” So what is a fuel cell and why is EQT so pumped about them?
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Penn State has launched a new research project to see if it can prove there is a link between water contamination in southwestern Pennsylvania and fracking. We’ve seen this movie before…or have we? In 2018 PA Gov. Tom Wolf, a liberal Democrat who sometimes supports the shale gas industry (as long as he can tax it) caved to demands from the Pittsburgh Post-Gazette to launch a “study” in a bid to “prove” cases of rare childhood cancer in southwestern PA can be tied to shale drilling in the region (see 
The wild roller coaster continues of up, down, up, down, up, down. Last week the number of permits issued to drill new shale wells is down again–to 18 total. Pennsylvania had 16 new permits last week, nine for Repsol and three for Coterra Energy. All of Repsol and Coterra’s permits issued for Susquehanna County. West Virginia had two new permits, one each for Southwestern Energy and Antero Resources, in Marshall and Doddridge counties. Ohio? A big, fat, goose egg. No new shale permits issued last week in the Buckeye State.
In May 2017, Murrysville Township (Westmoreland County) struck a zoning compromise with local drillers on the distance of setbacks (see 
Olympus Energy (formerly Huntley & Huntley) drills in the Greater Pittsburgh region, in Allegheny and Westmoreland counties. The company plans to drill a series of new wells (and a well pad) in Washington Township in Westmoreland County. In January we told you about a snag with plans to build the well pad and drill the wells (see 
PennEnergy Resources LLC, which according to the Pittsburgh Business Times is the 11th largest shale driller in Pennsylvania (with 405 active shale wells), has achieved responsibly sourced natural gas certification from Project Canary on nearly all of its wells. Project Canary has issued its top “Gold” and “Platinum” ratings on 375 of PennEnergy’s wells.
Olympus Energy (formerly Huntley & Huntley) drills in the Greater Pittsburgh region, in Allegheny and Westmoreland counties. The company plans to drill a series of new wells (and well pad) in Washington Township in Westmoreland County. However, there’s a snag. Residents along a proposed road accessing the site don’t want the truck traffic on their narrow (18-foot-wide) road. Olympus doesn’t want to use an alternate route due to a sharp turn. Someone else proposed building a new access road, but it would cross a tributary that flows into the Beaver Run Reservoir (lots of red tape). The town is planning a couple of workshop meetings to figure out a solution.
Last week 24 permits were issued to drill new shale wells in the Marcellus/Utica. Pennsylvania had the lion’s share with 19 new permits–most of those (10) were issued for two Chesapeake Energy well pads in Bradford County in the northeastern part of the state. Ohio had just two new permits, both on the same Southwestern Energy well pad in Monroe County. West Virginia had three new permits, one in Pleasants County and two in Marshall County.
Olympus Energy (formerly Huntley & Huntley) is expanding its drilling program in Upper Burrell, in Westmoreland County, PA, near Pittsburgh (see