Inflection Energy Defeats Delaware Riverkeeper in Lycoming Co.
It doesn’t happen often enough, which is why we make a big deal of it when it does: An energy company (in this case Inflection Energy) completely, utterly, and humiliatingly defeated THE Delaware Riverkeeper in an important court case in Lycoming County, PA. Less than a month ago we brought you the news that a Lycoming County judge had told an anti-driller, backed by Delaware Riverkeeper and Riverkeeper attorney Jordan Yeager, that the case they had filed to prevent Inflection Energy from drilling a legally permitted well was frivolous. The judge said he would allow the case to go forward, but only if the anti (and Riverkeeper) put up big bucks as collateral for the eventuality that they would likely lose (see PA Judge to Antis Seeking Drilling Delay: Put Up $5.69M or Shut Up). Turns out making these sleazeballs put their money where their mouth is, is good medicine. Riverkeeper and its “client” (the local anti-driller) have bowed out. The case is now closed and can’t be re-opened–and it sets a precedent for similar cases. In other words, the good guys won this time!…
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Just like a bad case of gout that keeps returning, or perhaps more relevantly like a flareup of herpes, radical protesters keep using illegal actions to oppose the expansion of a compressor station in Rhode Island–Spectra Energy’s Burrillville, RI compressor station. They used illegal actions in August (see
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…