Jefferson Hills, PA Antis Oppose EQT Well Near Future School Site
A battle is heating up in Jefferson Hills (Allegheny County), PA where EQT has (so far) applied to drill a single shale well, near where a new school will be built. Because notifications of the neighbors requires EQT to list the maximum number of wells that may eventually get drilled at the well pad site, EQT has said that eventually that pad may support 20 wells. Note they are not planning on drilling 20 wells at the site. Further note: we’ve never even heard of 20-well site drilled anywhere in the state! Facts don’t matter in this debate. Anti-drilling radicals have latched on to the 20-well number and are raising a fuss, attempting to stop EQT from drilling even a single well. The primary objection seems to be because it will be near a school–a school not yet built…
Read More “Jefferson Hills, PA Antis Oppose EQT Well Near Future School Site”

Remember exchanging notes in grade school? “Do you like me? [ ] Yes [ ] No” Exchanging notes in the corporate world is a little more complex than that–but it seems to us like it’s not far removed from exchanging notes in grade school. In the case of high finance and the MarkWest Energy/Marathon Petroleum merger deal, the notes getting exchanged have (big) financial value and implications. MarkWest/Marathon are exchanging old MarkWest IOUs (notes) for new Marathon notes. If it doesn’t get delayed, the exchange will happen on Dec. 18–just in time for Christmas. Will it be a Merry Christmas for existing MarkWest note holders? If you can figure it out, please let us know…
In a somewhat complicated scam, a former landman for XTO Energy, Steven E. Fisackerly (33 years old) defrauded XTO out of more than $1 million with fake lease deals in the West Virginia Marcellus Shale region. He cooked up bogus documents and passed them off as real, pocketing commissions. He even worked with a supposed/fake mineral rights owner to pocket kickbacks from lease payments sent to the fake rights owner. It was elaborate and convoluted–and ultimately stupid. Fisackerly plead guilty in May and will enter prison on January 4. His sentence? Pay back more than $1 million he defrauded from XTO, and serve 63 months (over 5 years) in federal prison…
Just last week we told you it’s getting so bad out there because of the low price of oil and gas, that even some law firms are closing down. We told you that Burleson LLP, headquartered in Houston but with a sizable office they opened in Pittsburgh six years ago, is shutting down all of their offices, including Pittsburgh (see