USFS Approves Atlantic Coast Pipeline Thru 2 National Forests
In January 2016 the Obama U.S. Forest Service (USFS) turned down a request from Dominion’s $5 billion Atlantic Coast Pipeline (ACP) project from West Virginia through Virginia and into North Carolina, to pass through two different national forests (see US Forest Service Blocks Atlantic Coast Pipeline in National Forests). USFS refused to grant Dominion a special permit to cross teeny tiny sections of the Monongahela National Forest (MNF) and George Washington National Forest (GWNF) in West Virginia and Virginia respectively. Why? Because of concerns about cow knob salamanders, northern flying squirrels and red spruce trees. Dominion and ACP bent over backwards, forwards and sideways to avoid running through cow nob salamander territory (see Dominion Files Pipeline Route Change to Avoid Salamanders, Swamp). But in the end, the Obamadroids at USFS didn’t like Dominion or their plan. However, there’s a new administration in office now. And with the new administration, USFS has reconsidered and last week granted ACP approval to traverse those teeny tiny sections of MNF and GWNF…
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The golden parachute has popped open for Rice Energy’s former CEO, Dan Rice IV. And it’s worth $2.6 million. EQT filed paperwork with the Securities and Exchange Commission last week to say that Dan Rice IV has been terminated (as an employee) as of the day the two companies merged. In a deal worked out prior to the merger, Dan is getting a check for $2.6 million–$1.91 million as a severance payment and $704,000 in lieu of his annual bonus. Which frankly doesn’t sound like a whole lot, given Dan was one of the shareholding owners of Rice Energy. His salary in 2016 was $3.35 million. But don’t shed any tears for Dan. We suspect his stock in the newly-merged EQT is worth a fortune. And Dan gets a seat on the EQT board of directors, a gig that will pay him. What’s next for Dan and the other Rice boys? We don’t have the particulars for all of the Rice boys, but we do know (from the SEC filing) that Dan signed a 3-year non-compete agreement, so we won’t see Rice Energy II in the northeast for at least three years. Other than that, we suspect the boys already have something up their proverbial sleeve. The Rice boys don’t strike us as the lounge-around-the-pool types…
The Federal Energy Regulatory Commission last Thursday granted Rover Pipeline permission to resume horizontal directional drilling (HDD) at four more locations where it had been stopped. One of those locations is drilling under the Ohio River in the Majorsville area. Rover is a $3.7 billion, 711-mile natural gas pipeline that (will eventually) run from PA, WV and eastern OH through OH into Michigan and on to Canada. A large portion of the pipeline began flowing natural gas on Sept. 1st (see
Good news for Northumberland County: Atlantic Sunrise is rising in your neighborhood. Work on the $3 billion, 198-mile natural gas pipeline project that will run through 10 Pennsylvania counties to connect Marcellus Shale natural gas from northeastern PA with the Williams’ Transco pipeline in southern Lancaster County has begun in Northumberland County. Last week a Williams subcontractor working on that portion of the project gave a tour to a local newspaper. Atlantic Sunrise will pass through approximately 10 miles of Northumberland County, entering from Columbia County and exiting to Schuylkill County. So far, “Everything seems to be going really well” according to the contractor in charge of that portion of the project. They expect to begin welding pipes together by the end of this month…
Five more members of the nutty Lancaster Against Pipelines group have been arrested, including a minor. It’s bad enough putting your own life at risk. We consider it child abuse to put your child’s life in danger by sitting the kid down in front of heavy equipment–in a deluded attempt to stop construction. Just last week we told you about three old ladies who did the same thing (see
Last week we told you about the hypocrisy of PJM Interconnection–the regional transmission organization (RTO) that operates the electric grid in all or parts of 13 states and the District of Columbia, including PA, OH and WV (see
Events related (or of interest) to the Marcellus and Utica Shale, primarily pro-drilling events.
The “best of the rest” – stories that caught MDN’s eye that you may be interested in reading. In today’s lineup: The Battle for Dawn, Part 2; interview with Tim Dugan, COO of CONSOL; Earthworks hires a new agitator for PA/OH; Statler College unveils natgas lab; ISO New England says Invenergy natgas plant needed; why have 2 new FERC commissioners not yet been seated?; rig count jumps–but only for gas rigs; natgas prices have finally started to rise; initiative under way to increase US LNG exports; China’s LNG imports soar; and more!
It’s “game on” between the Federal Energy Regulatory Commission (FERC) and the New York Dept. of Environmental Conservation (DEC). The DEC had arbitrarily, after more than one year of review, ruled against issuing a federal water crossing permit for a tiny 7.8 mile pipeline Millennium needs to build from its main pipeline to an electric generating plant under construction in Orange County. The power plant is due to be completed in early 2018, and needs a fuel supply. In a historic decision, FERC overruled NY DEC in September (see
On Monday, Rice Energy was merged into EQT, creating the largest onshore natural gas producing company in these United States (see
In October the Pennsylvania Dept. of Environmental Protection held a hearing on a proposed 488-megawatt natural gas-fired electric plant in Birdsboro, in Berks County, near Philadelphia (see
There’s no doubt about it, there is more drilling in the Marcellus/Utica today than there was just one year ago. Just look at the rig counts then and now. However, the recovery has been slow in coming, and even though more people are back at work and more work is getting done, activity is still not at the level of a few years ago, before the price crash and downturn. Pennsylvania Business Central recently interviewed Tom Murphy, co-director of the Marcellus Center for Outreach and Research at Penn State University, to ask him about the current uptick in Marcellus activity. Where are the rigs operating now? What about workers who were laid off–are they now back at work? And what role does price play in driving the uptick? Murphy gives some enlightening answers to those important questions…
THE Delaware Riverkeeper is a far-left, radical environmental group that is the self-appointed “caretaker” of the entire Delaware River Basin. It’s run by Maya van Rossum and gets its funding from a variety of foundations, mainly the William Penn Foundation. Riverkeeper’s cause célèbre is a complete, and permanent, ban on fracking in the Delaware River Basin. They’d actually like a permanent ban throughout Pennsylvania (and every other state in the Union), but they’ll take a ban in the River Basin as a first step. Unfortunately Riverkeeper has the ear of the Delaware River Basin Commission (DRBC) and has pressured the DRBC for years to institute a total ban on fracking. The DRBC finally took a step in that direction in September (see
MAX Environmental has operated the Bulger hazardous waste landfill in Smith Township (Washington County), PA since 1958. One of the primary customers for the landfill over the past 10 years has been the Marcellus industry–dumping drill cuttings (leftover dirt and rock from drilling) at the landfill. Earlier this year, MAX sold itself to Altus Capital Partners–a private equity investment firm–for an undisclosed amount (see
On Monday, Rice Energy was merged into EQT, creating the largest onshore natural gas producing company these United States (see
Industrial giant GE (General Electric) wooed and won the hand of Baker Hughes (BH)–the third largest oilfield services company in the world–buying/merging in Baker Hughes with GE’s Oil and Gas division just four months ago (see