EQT Seeks to Extend Note Redemption Extra 6 Mos. for Tug Hill Deal
Last September, EQT Corporation announced it is buying privately-owned Tug Hill Operating’s West Virginia shale assets for $5.2 billion (see Confirmed: EQT Buys Tug Hill’s THQ Appalachia for $5.2 Billion). The deal adds 90,000 acres and 800 MMcf/d (million cubic feet per day) of production to EQT’s existing, massive, portfolio. But the Bidenistas at the Federal Trade Commission (FTC) got involved, slowing down the deal. Because of the FTC dragging its feet, EQT and Tug Hill recently renegotiated the timeline, adding a full year–to the end of 2023 (see EQT $5.2B Deal to Buy Tug Hill Extended Additional Year to Close). Now EQT needs to extend the timeline for notes it issued as part of the purchase.
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The proxy firm hired by California hotel owner Jon Handerly is accusing CNX Resources of lying about its attempt to silence CNX CEO Nick DeIuliis. Handerly, using Proxy Impact, is attempting to get CNX shareholders to pass a proposal requiring the company to file annual reports on how the company measures up to the cockamamie “Paris goals” of reducing carbon dioxide emissions (see 
Two days ago, we brought you the very sad news that New York State has fallen and is now under a Communist dictatorship (see 
OTHER U.S. REGIONS: Haynesville natural gas production reached a record high in March 2023; Tellurian to stop Haynesville drilling until US gas prices recover; NATIONAL: Oil falls below $69 as recession fears grow; Forcing consumers to purchase electric vehicles a new low for Biden; Pipeline incidents affecting environment down 16% in 2018-22.
For the third time, U.S. Senator Joe Manchin (liberal Democrat from West Virginia) has introduced a permitting reform bill to save the Mountain Valley Pipeline (MVP) from the clutches of colluding leftists who sit on the U.S. Court of Appeals for the Fourth Circuit. Manchin is rebranding this bill (essentially the same one he introduced last year that bombed out) as the “Building American Energy Security Act of 2023” (full copy below). He introduced the bill in the U.S. Senate yesterday.
During yesterday’s quarterly phone call with analysts to discuss the 1Q23 performance of Equitrans Midstream, a big topic of conversation was the 94% completed (but stalled) Mountain Valley Pipeline (MVP). Equitrans (builder of MVP) CEO Thomas Karam said, “The path to an MVP completion during 2023 is narrower but based on the diligent and comprehensive work being done by the staff at various state and federal agencies and the expected overall permitting timeline, we believe the possibility of commencing forward construction this summer still exists.” He also said the U.S. Court of Appeals for the Fourth Circuit (4th Circuit) and their prospective rejection of new permits for the project is not “that dire of a position.” We 100% disagree.
In late 2015, MPLX (i.e. Marathon Petroleum) bought out and merged in the Utica Shale’s premier midstream company, MarkWest Energy, for $15 billion (see 
Even though Dominion Energy sold its interstate pipeline network in 2020 (see 
Rational thought was purged from the radicalized left long ago. Still, it’s worth mentioning from time to time just how illogical and irrational the “environmental” left has become in its thinking and pronouncements. For example, extremely combustible hydrogen emits NO carbon dioxide when burned. It simply turns into water. So you might think replacing natural gas with hydrogen would be a dream come true for anti-fossil fuel zealots. But you would be wrong. Antis HATE hydrogen energy and are now actively working to defeat it even as they work to defeat natural gas. Why?
The left has infected and corrupted hard science, like math, chemistry, biology, and geology. Even the scientific method is no longer used by the very organization that is supposed to promote real (hard) science: the National Science Teaching Association (NSTA). Members of the 
Earlier today Equitrans Midstream, the former EQT Midstream (now a standalone company), issued its first quarter 2023 update. The update is actually a series of updates about the company’s vitally important (to the Marcellus/Utica) pipeline and midstream projects. In the update, we learn more about the company’s Rager Mountain Natural Gas Storage Field accident; we learn the latest about the Mountain Valley Pipeline (MVP) project, essentially on hold; and we learn about the Ohio Valley Connector Expansion Project (OCVX), expected to be in-service the first half of 2024.
Yesterday MDN told you about a new assault on the oil and gas industry in Pennsylvania coming from the Chairman of the House Environmental Resources & Energy Committee, anti-fossil fuel zealot Greg Vitali, who (along with 13 other leftists) introduced House Bill (HB) 962, aimed at raising the bonding rates for drilling new conventional wells in the state (see