OH/MI Forms New Group to Support Rover & NEXUS Pipelines
May we paint with broad brush-strokes for a moment? It’s been our observation over the years that anti-drillers (and anti-pipeliners, and anti-fossil fuelers) are typically liberal Democrats who have bought into the notion that (a) mankind is catastrophically heating up ole Mother Earth, and (b) they (the lib Dems) are uniquely qualified to run your life for you by choosing your energy sources. They love to tell you how to live your life–i.e. deny you freedom to live your life they way you want to, including selecting your own energy sources. It’s also been our observation that many (not all, but many) of the most vocal antis are hippie retreads who haven’t been this jazzed about a “cause” since the end of the Vietnam war. Yes that’s a very broad generalization and not true in all circumstances–but it’s more true than not. On the other side of the isle, when we’ve attended meetings about fracking and pipelines and FERC scoping hearings–we’ve noticed landowners and small business owners and pro-drillers are the “gray heads with hats” and blue jeans in the crowd. Typically quiet. Perhaps a bit uncomfortable that they’re in the same room with a largely lawless bunch of mouthy antis. The antis tend to form all sorts of groups with innocuous sounding names (Riverkeeper, Mountainkeeper, Trout, Clean Air, Community Rights, etc.). Pro-drillers and landowners? They don’t form groups so much. They don’t protest so much. They’re too busy working their fingers to the bone–paying for the welfare state anti-drillers avail themselves of! So when a group of pro-energy people DO form a group–that’s news. Such a group has formed in Ohio and Michigan in order to support two much-needed pipeline projects–Energy Transfer’s Rover Pipeline and Spectra Energy’s NEXUS Pipeline…
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Here’s something that should scare the #$%@ out of you this Halloween: the Community Environmental Legal Defense Fund (CELDF). The CELDF, based in Pennsylvania, is attempting to interfere in other states like Ohio by fleecing local governments into believing they can pass so-called community bill of rights legislation (i.e. “home rule” laws). Problem is, the local communities who have tried it keep getting sued, and losing in court–and taxpayers end up paying tens of thousands of dollars in legal fees in an empty gesture to make a statement opposing shale energy. Our friends at Energy in Depth have put together a video for this Halloween that exposes the CELDF and should scare you to death, especially if you live in Youngstown, OH where a CELDF ballot initiative will be on the ballot this November (next week), for the FIFTH TIME…
The “best of the rest” – stories that caught MDN’s eye that you may be interested in reading. In today’s lineup: shale projects pump up Columbiana County; PA drillers “adjust” to life with Gov Wolf; clever way to hide compressor plants; PA town opposes PennEast Pipeline; natgas price drops to $2/Mcf; Kinder Morgan & the story of Icarus; crowd-funding oil & gas development; shale companies beating big oil companies; “mourning” low oil prices; and more!
THE Delaware Riverkeeper is running a scam on the Federal Energy Regulatory Commission (FERC). By all accounts it is a legal scam–but a scam nonetheless. FERC has a process known as a
The Centre for Policy Studies, a British think tank similar to our own Heritage Foundation (conservative), has just published a new study that says so-called fugitive methane coming from shale gas production is “seriously over-estimated.” You may recall the falling-down-laughing claim by Cornell professors Robert Howarth and Tony Ingraffea who claimed burning coal is better for the environment than burning natural gas, largely because of the fugitive methane issue (see
Yes, we know “it’s bad out there” in the oil and gas industry. We know that rig counts went over a proverbial cliff starting in January of 2015 (see the graph below from Baker Hughes). Along with dropping rig counts comes a corresponding drop in the number of wells drilled and completed. According to research conducted by the American Petroleum Institute, U.S. oil and natural gas well completions decreased 44% in the third quarter of 2015 compared to year-ago levels. We wondered if those numbers held true for the Marcellus/Utica too. Here’s what we found…
As we’ve previously mentioned, the most recent issue of the
CONSOL Energy released their third quarter 2015 financial and operating results today. Among the highlights: After adjusting for “certain unusual items,” CONSOL “only” lost $64 million in 3Q15. Natural gas production was up 33% over the same period last year. But because the price of natural gas has been hammered so hard, CONSOL’s natgas revenue for the quarter was down $56 million over the same period last year. Below are select sections of update, including information about CONSOL’s first dry Utica well in Westmoreland County, PA…
Once more the Obama Environmental Protection Agency (EPA) violates the U.S. Constitution by creating an unlegislated law and declaring it in effect for the oil and gas industry–thereby regulating oil and gas, even though according to the U.S. Constitution the individual states are the ones with power to regulate the oil and gas industry. And barely a peep. Everyone just lays down and takes it. No push-back. What a shame. Last week the EPA published a final rule in the Federal Register amending reporting on mythical greenhouse gases that will now be required by oil and gas drillers–particularly those who use horizontal hydraulic fracturing (i.e. fracking). Not to be left out–if you build and maintain pipelines to gather natural gas and oil, you’re affected by the new rules too. Another massive federal power grab which goes into effect on January 1st. One more freedom dies under Barack Hussein Obama…
Although headquartered in Radnor, Pennsylvania (near Philadelphia), Penn Virginia Corporation is an oil and gas driller with only a small presence in the Marcellus Shale: 21,700 net acres with no drilled wells. They concentrate on oil drilling the Texas Eagle Ford Shale play. MDN told you in March that Penn Virginia’s top stockholder, the vile corporate raider George Soros, forced them to put themselves up for sale so George can line his pockets with more cash (see
More electricity is disappearing from the electrical grid thanks for Barack H. Obama’s war on coal. AES had considered converting a coal-powered electric plant is operates in Potter County, PA into burning natural gas–indeed had applied for and received permits to do it–but instead they reversed course and have now shuttered the plant they operate in Potter known as the Bear Valley plant…
Although Chesapeake Energy under Doug “the ax” Lawler has sold off everything but the kitchen sink (see
We always thought Aubrey McClendon could sell snow to Eskimos–as the now-politically incorrect but old saying goes. Aubrey can charm money out of your grandmother. At last check more than a year ago he’d raised $8.7 billion of OPM–other people’s money–for use in his aggressive drilling ventures (see
MDN told you back in April that OH Gov. John Kasich’s insistence that the state budget include a higher severance tax would not happen as part of the 2015 budget (see 