EQT Agrees to Pay $167.5M to Settle Class Action re Rice Merger
EQT Corp. has agreed to pay $167.5 million to investors who claimed the company overstated the benefits of its $6.7 billion merger with Rice Energy, according to a motion filed yesterday seeking preliminary approval of what the investors called the largest-ever stockholder suit deal lodged in Western Pennsylvania federal court. The proposed settlement comes after six years of ongoing litigation. Read More “EQT Agrees to Pay $167.5M to Settle Class Action re Rice Merger”
Newly elected Republican Congressman Rob Bresnahan defeated incumbent Democrat Matt Cartwright in last November’s election to represent Pennsylvania’s 8th Congressional District, located in the northeastern corner of the state. Bresnahan hit the ground running, particularly in addressing energy issues. His district includes Wayne and Pike counties, where landowners have had their right to drill for natural gas seized by the Delaware River Basin Commission (DRBC). Bresnahan recently introduced a bill that’s rapidly progressing, a bill that would heighten DRBC accountability and oversight. We call it putting the DRBC on a short leash. 
U.S. Energy Secretary Chris Wright visited the National Energy Technology Laboratory facility in Morgantown, WV, on Wednesday. While touring the facility, Wright promoted President Trump’s One Big Beautiful Bill Act, which he said contains provisions intended to bolster and support WV’s oil, natural gas, and coal industries. In his comments, Wright called natural gas “the big dog,” but he also emphasized the importance of coal energy. He talked up the importance of WV to the nation’s energy supply. 
MARCELLUS/UTICA REGION: Three Mile Island nuclear plant reboot fast-tracked to 2027; Northeast gas demand rises in hot summer start; OTHER U.S. REGIONS: Trump announces Gulf of America oil lease sale spanning area larger than entire UK; NATIONAL: U.S. natural gas futures extend losing streak; Geothermal energy – another nail in the coffin of wind and solar power?; Choice of well tubing plays a key role as horizontal laterals extend their reach; Senate hearing explores China’s role in funding U.S. climate groups; Thanks to the natgas reboot, other countries could help pay down the U.S. debt; INTERNATIONAL: WTI edges up as OPEC+ meeting looms; Russia wants to supply Mexico with LNG, bypassing U.S.; DOE secretary joins criticism of energy agency’s oil forecast. 
Coterra Energy CEO Tom Jorden had a sit-down interview at the 2025 J.P. Morgan Energy, Power, Renewables and Mining Conference on Tuesday of this week. Coterra is the successor company of Cabot Oil & Gas after Cabot merged with Cimarex Energy in October 2021 (see 
Just as the pandemic began to unfold in early 2020, Shell pulled out of a 50/50 joint venture partnership with Energy Transfer (ET) to build a new LNG export facility in Lake Charles, Louisiana (see 
Freeport LNG, located near Galveston, Texas, currently exports roughly 15 million tonnes per annum (MTPA) of LNG from three trains—when it’s actually up and running. The Freeport facility has been plagued with outages, the most spectacular of which happened in June 2022, taking the facility offline for 10 months (see 
A Boston-based company, Gradiant, issued a press release to make a really big, really important announcement: The company’s lithium business, called alkaLi, will design, build, own, and operate a commercial lithium production facility in the Marcellus Shale Formation of Pennsylvania beginning in early 2026. The 
Infinity Natural Resources (INR), headquartered in Morgantown, WV, focuses 100% on the Marcellus/Utica. The company went public earlier this year with a $265 million ($20/share) initial public offering, giving INR a $1.18 billion market capitalization (see 
Ever so gradually, pipeline capacity to transport Marcellus/Utica molecules to other markets, particularly the Deep South, has been increasing. And it continues to grow, gradually. Two projects from Kinder Morgan aim to help that effort. The 2.1-Bcf/d Mississippi Crossing (MSX) and 1.3-Bcf/d South System Expansion 4 (SSE4) projects will move more Marcellus/Utica gas into Mississippi, Alabama, Georgia, and South Carolina. RBN Energy connects the dots.