WV Startup Helps Drillers, Pipelines Track Carbon Emissions
West Virginia University classmates Kyle Gillis and James Carnes founded Iconic Air in 2020 in Morgantown, WV, to help the oil and gas industry “decarbonize faster and smarter.” The company recently secured $5 million in seed funding and has launched its SaaS (software as a service) platform to help drillers, pipeline companies, and others in the oil and gas industry track and manage carbon dioxide emissions.
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In September, EQT Corporation announced it is buying Tug Hill Operating’s West Virginia shale assets for $5.2 billion (see 
Last week the three states with active Marcellus/Utica drilling, Pennsylvania, Ohio, and West Virginia, issued a collective 30 new drilling permits, up from the 21 permits issued the week before. It was a reversal of what we typically see. Last week PA only issued four new permits, while WV issued 17 permits and OH issued nine permits. Usually, PA issues the most permits.
In something of a shocker, EQT Corporation, the largest natural gas producer in the country with its headquarters (and most major drilling operations) in Pennsylvania, is throwing its weight and support behind a coalition in West Virginia to attract one of the so-called regional hydrogen hubs (worth $1 billion or more in taxpayer investment) to the Mountain State, not to the Keystone State. EQT is one of the main players in forming a new coalition called the Appalachian Regional Clean Hydrogen Hub (ARCH2). Other big energy companies supporting ARCH2 include Williams, Dominion Energy, CNX Resources, and New Fortress Energy (among many more).
We’ll say it right up front: We told you so. From the beginning, when U.S. Senator Joe Manchin announced he had sold out the country and would vote in favor of the horrible (misnamed) Inflation Reduction Act in return for a promise from Chuck Schumer and Nancy Pelosi to pass a “permitting reform” bill that guarantees to finish the stalled (95% complete) Mountain Valley Pipeline, we told you it was a bad deal (see 
U.S. Senator Joe Manchin, from West Virginia, made a stop at the Global Clean Energy Action Forum (a confab of global warming wackos) on Friday to make a pitch for support of his “save Mountain Valley Pipeline” bill without actually mentioning MVP. At the start of his talk, Manchin was heckled by four wackadoodle protesters who were escorted out by security. Manchin then talked about his bill and how it will streamline the process for renewable energy projects. No mention of fossil fuel projects. Love the one you’re with, right?
Two weeks ago, a lawsuit brought by two West Virginia landowners seeking to overturn the state’s newly enacted forced pooling (i.e. unitization) law was tossed by a federal judge (see 
Yesterday evening, U.S. Senator Joe Manchin (from West Virginia) finally released a draft bill that purportedly streamlines the permitting process for oil and gas pipelines, among other things. The bill, called the Energy Independence and Security Act of 2022, also clears away the remaining roadblocks to complete the 303-mile Mountain Valley Pipeline that travels through WV and into Virginia. MVP is 94% done and in the ground, yet anti-fossil fuel wackos keep blocking its completion with frivolous lawsuits and colluding federal judges. Manchin wants to blast through it and get it done, to his credit.
It appears that Sen. Joe Manchin’s “save MVP bill” (otherwise known as the permitting reform bill) is crashing and burning. No official language or text of the bill has been released. Yet. Why is that? Manchin extracted a promise from Senate Majority Leader Chuck Schumer and House Speaker Nancy Pelosi that a bill to finish up Mountain Valley Pipeline (MVP) and streamline permitting for future pipeline projects would be brought to a vote and passed–IF old Joe voted in favor of the horrible Inflation Reduction Act (IRA), a bill (now law) that damages the fossil fuel industry. Joe got rolled. He voted to pass the IRA, and now more than one-third of House Democrats and at least one Senate Democrat (crazy Bernie Sanders) have pledged to vote against Manchin’s bill, leaving him high and dry with nothing to show for his sellout on IRA. So Manchin turned to Republicans to save his tattered reputation–and they aren’t having it. Republicans refuse to reward Manchin’s sellout. Manchin calls it “revenge politics.” We call it eating the excrement sandwich you prepared for yourself, Joe.
EnergyNet
Since the beginning of Joe Manchin’s so-called “side deal” to vote on a bill that will reform the permitting process for infrastructure projects including the 303-mile Mountain Valley Pipeline (MVP), Republicans in the Senate (and House) have called on Manchin and Chuck Schumer to release actual language of the bill that will be voted on. You know, release it at least a week or two before it gets voted on, instead of two hours before (which is the Democrats’ typical routine). So far, NOTHING from Manchin and Schumer. So on Monday, Manchin’s fellow U.S. Senator from West Virginia, Senator Shelley Moore Capito, introduced her own version of a permitting reform bill. The bill has the support of 45 Republican Senators so far (38 of them co-sponsored).
Yesterday both Antero Midstream (the pipeline subsidiary of Antero Resources), and Crestwood Equity Partners announced a deal to sell Crestwood’s remaining Marcellus assets to Antero for $205 million. The assets include 72 miles of dry gas gathering pipelines and nine compressor stations with approximately 700 MMcf/d of compression capacity located in Doddridge County and Harrison County in West Virginia.