Law Firm’s Post-Election 2016 Update for Energy & Environment
The big Texas law firm Bracewell, which until earlier this year was Bracewell & Giuliani (Rudy left in January), has put together an helpful analysis of what changes we can expect under a President Trump Administration. Although they tackle a number of areas, we were interested to read their predictions for what will be happening with energy and the environment under President Trump. What’s in store for pipelines? Obama’s Clean Power Plan? EPA’s onerous regulations? The Bracewell legal beagles haul out their crystal ball and give us a glimpse…
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The “best of the rest” – stories that caught MDN’s eye that you may be interested in reading. In today’s lineup: Utica Shale picks up funding gaps for OH public schools; court hears arguments in 3 shale cases; will Trump end Williams pipeline delays?; where Trump will make an immediate impact on the energy sector; will Trump’s stance with Mexico affect gas prices?; Jamaica eyes regional LNG hub; OPEC says no $60 oil until 2020; and more!
Chesapeake Energy, which continues to be strapped financially, embarked on a mission to lighten the debt load years ago–first under co-founder Aubrey McClendon, and then more aggressively under his successor, Doug “the ax” Lawler. Many pieces of the company have been sold off: the Oilfield Services division, all of its Haynesville Shale assets, all of its Barnett Shale assets…we could go on. Chessy loves to do land deals. In December 2014 Chesapeake sold off 413,000 Marcellus acres mostly in West Virginia (see 
Virginia Gov. Terry McAuliffe recently approved changes to environmental regulations that requires “mandatory disclosure of fracking chemicals, baseline water testing and monitoring, and spill prevention and response planning.” While leftie Big Green groups love the new rules, the drilling industry is working to ensure trade secrets (exact combinations of chemicals) can’t be discovered by using Freedom of Information Act laws. The big news, for MDN, is that with the enactment of these new rules (see a copy below), it appears shale fracking is a huge step closer to happening in the Old Dominion…
The Federal Energy Regulatory Commission (FERC) has approved a 7.8 mile off-shoot pipeline from the mighty Millennium Pipeline in Orange County, NY that will feed a new natgas-fired electric plant being built in Wawayanda. The pipeline will supply 130 million cubic feet per day (MMcf/d) of Marcellus gas to feed the new power plant. This is the Competitive Power Ventures (CPV) $900 million plant being opposed by rich Hollywood actor James Cromwell, who lives near the plant site (see 
Hey, it’s great when the oil and gas industry is booming (figuratively)–when the drill bits are chewing away at rock and dirt and when fracking is blasting rocks apart. Love it! But it really sucks when the drill bits go quiet–especially for companies in the supply chain, those who sell goods and services to the industry. Obviously it helps to be diversified–to sell your goods and services to customers outside the o&g industry. That’s the approach taken by the prescient MMR Constructors Inc. MMR services a number of industries, but they LOVE the oil and gas industry–upstream, midstream and downstream. MMR, based in Baton Rouge, LA, is building a sizable new office in Lawrence, PA. They sell to the Marcellus/Utica industry. MMR is “hoping” Marcellus/Utica activity picks up again. But what they really have their eye on is the coming manufacturing boom that will follow Shell’s ethane cracker plant, once it is up and running…
We’ve long held that believing in man-made global warming is an act of irrational faith. In fact, it takes MORE faith to believe in global warming than it does to believe in God. We have long said that global warmists are, in fact, no different from religious zealots. We’re not comparing warmists to sane folks who believe in God, but those who take faith to an extreme–motivating them into rhetoric (and actions) that leave the realm of sanity. Such is it with some (not all) in the man-made global warming movement. Example: Some 40 far left, liberal “faith leaders” in Maryland this past weekend dispensed with delivering the Sunday sermon on God and Jesus, and instead elected to preach global warming hellfire and brimestone. That is, they have forsaken their first love, having been lured away by a false Gospel…
Nuverra Environmental Solutions is one of the largest companies in the United States that handles transportation and disposal of shale drilling wastewater and leftover rock and dirt from drilling. The company has major operations in the Marcellus/Utica region. In January the company, going through tough economic times, was de-listed from the New York Stock Exchange (see 
Events related to drilling in the Marcellus and Utica Shale, primarily pro-drilling.
It was tough deciding on a headline for this post about Sunoco Logistics Partners third quarter 2016 update. In the end we opted to highlight the news that Mariner East 2–a $2.5 billion, 350-mile natural gas liquids (NGL) pipeline that will run from eastern Ohio through the state of Pennsylvania to the Marcus Hook refinery near Philadelphia, carting ethane, butane and propane to the facility from both the Utica and Marcellus region–will be delayed nine months from the original plan due to permit delays. Which is frustrating and disappointing. However, other important news was shared during yesterday’s update. On the earnings call Sunoco LP’s top brass said even though the prices Marcellus and Utica drillers get for their NGLs (natural gas liquids) is lower in the northeast than if they can cart it to the Gulf Coast, when you factor in transportation costs to get product to the Gulf, drillers end up making MORE money by selling their NGLs in the northeast via Sunoco’s Marcus Hook facility–$0.10 to $0.20 per barrel more. At least, that’s the claim made by Sunoco LP’s CEO Michael Hennigan…
In March of this year MDN reported that Ascent Resources–formerly Aubrey McClendon’s American Energy Partners’ Utica Shale company–floated 2.2 billion common units (think shares of stock) to raise $500 million (see