Other Stories of Interest: Thu, Nov 10, 2022
NATIONAL: NPGA among groups calling for rail system stability; INTERNATIONAL: COP27 world’s dash for natural gas endangers climate goals.
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Anti-Drilling/Fossil Fuel | Industrywide Issues | New York | Pennsylvania | Statewide NY | Statewide PA
Red Tsunami that Wasn’t – Repubs May Take House, PA Biggest Loser
Inept and unaccomplished John Fetterman wins Senate in PA We sincerely thought yesterday’s election would have a far better turnout. We’re trying not to despair, but it’s hard. New York State is lost. It’s gone. Overrun with crime and zero prospects for fracking–ever. It’s time to leave NY (we never thought we would say it, but we’re giving up on NY). The Pennsylvania Marcellus industry is now in for four very hard years under Gov. Josh Shapiro. We warned you he would come for the Marcellus. We’ll be here to chronicle it. And John Fetterman? What a disaster. He’s never even held a real job, he can’t speak in complete sentences–and he’s your new U.S. Senator. A full-fledged Communist. PA–you will now get what you deserve. Tough words of tough love.
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Energy Companies | Energy Services | EQT Corp | Equitrans/EQT Midstream | Industrywide Issues | Litigation | Pipelines
EQT Sues Baker Botts Law Firm Over Pipeline Deal
EQT has sued its own (former) law firm, Baker Botts, and one of the partners at the firm, for allegedly giving the company bad advice with respect to the Hammerhead Pipeline gathering system owned by Equitrans Midstream (EQT’s former subsidiary). The lawsuit seeks at least $1 million in damages. Baker Botts is based in Texas, so the lawsuit was filed in the 61st District Court in Harris County, TX. Hammerhead is a $555 million, approximately 190-mile gathering system created by Equitrans to gather EQT’s production in southwest PA and haul it (64 miles) to Mobley, WV, where it will connect with the Mountain Valley Pipeline (MVP) and EQT’s Ohio Valley Connector pipeline (see EQT Midstream Plans 1.2 Bcf/d Hammerhead Pipeline to Feed MVP).
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Enerplus Sells Rest of Canada Assets – Focus on Bakken, Marcellus
Enerplus is based in Calgary, Alberta (Canada). It is a Canadian energy company. And yet the company has just announced the sale of its remaining Canadian assets located in Alberta and Saskatchewan to Surge Energy Inc. on Nov. 2 for CA$245 million (US$180 million). The reason for the sale? Enerplus wants to focus most of its time and effort (and money) on drilling in the Bakken Shale in North Dakota. However, Enerplus does maintain (and wants to continue) an active position in the Marcellus Shale, in northeastern Pennsylvania.
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Anti-Drilling/Fossil Fuel | Energy Services | Industrywide Issues | Lancaster County | Litigation | Pennsylvania | Pipelines | Transco | Williams
Lancaster Sisters of the Corn Pipe Shakedown Rejected by Fed Court
The Catholic nuns of Lancaster County’s Adorers of the Blood of Christ are still, all these years later, trying to shake down Williams for more money because of a pipeline that runs underneath a cornfield owned by the sisters (hence our nickname for them). Using lawyers from Big Green groups, the nuns argued their “religious beliefs” were offended by the pipeline because it flows a nasty, filthy fossil fuel that causes global warming. We’ve lost track of how many lawsuits the sisters have filed, using OPM (other people’s money). The most recent lawsuit, filed in the Philadelphia-based U.S. Third Circuit Court of Appeals, was just shot down by the court.
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Bradford County | Industrywide Issues | Lycoming County | M&A | Pennsylvania | Pipelines | Tioga County (PA)
HEP Gathering Pipeline in NE Pa. Gets a New Canadian Owner
Howard Energy Partners (HEP) is a midstream/pipeline company that owns and operates natural gas and crude oil pipelines, natural gas processing plants, refined products storage terminals, deep-water dock and rail facilities, fractionation facilities, hydrogen production facilities, renewable diesel logistics facilities, and other related midstream assets in Texas, New Mexico, Oklahoma, Pennsylvania, and Mexico. The company owns more than 600 miles of natural gas gathering pipelines with some 100+ of those miles located in the PA Marcellus. Yesterday, Alberta Investment Management Corporation (AIMCo) announced it has purchased a controlling interest (87%) in HEP. AIMCo is the new owner.
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CNX to Provide Carbon-Negative Methane for Hypersonic Jet
CNX Resources has done it again. Earlier this week CNX announced a deal to provide “abated” methane to New Frontier Aerospace, Inc. (NFA) to fuel NFA’s soon-coming hypersonic passenger jets. The NFA concept is beyond cool. The jets will take off and land vertically, fly at 5,000 miles per hour, covering up to 8,000 miles in just two hours. How about a trip from New York City to London in a little over 40 minutes?!
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Nov. EIA STEO Slashes Prediction for NatGas to $6/MMBtu in 4Q
Once a month, the analysts at the U.S. Energy Information Administration (EIA) grab the official Henry Hub pricing dart board and play a quick game to determine what price they will predict for the average Henry Hub spot price for natural gas for the rest of this year, and an average price for all of next year. Two months ago (in September), EIA predicted in its Short-Term Energy Outlook (STEO) that the Henry Hub average price for natural gas in the fourth quarter of this year would hit $9/MMBtu, and the average for all of 2023 would be around $6/MMBtu (see Sept. EIA STEO Predicts $9 NatGas in 4Q22, $6 NatGas for 2023). The darts were flung again last week and this time landed on $6/MMBtu for 4Q22 and $5.46 for 2023.
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Other Stories of Interest: Wed, Nov 9, 2022
MARCELLUS/UTICA REGION: Pace Analytical Services adds four locations in Pennsylvania; OTHER U.S. REGIONS: Cheniere cleared to put shuttered Sabine Pass LNG tank back in service; NATIONAL: Kerry says Republican victory will end climate aid; Environmental groups push Interior to delay oil lease sales.
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Chevron | Energy Companies | EQT Corp | Hydraulic Fracturing | Industrywide Issues | Litigation | Pennsylvania | Washington County
PA Lawsuit Blames Chevron Fracking for PFAS Chemicals in Water Well
click for larger version Ever heard the term PFAS chemicals, or “forever chemicals”? We’ve seen lots of headlines over the past few years about PFAS but hadn’t really bothered to research it…until now. We’re always suspicious of these “flash mob” kinds of issues the mainstream media pushes. And with good reason. A recently filed lawsuit in Washington County, PA, Court of Common Pleas accuses Chevron of using PFAS chemicals in fracking that leaked into a local water well and has/is poisoning the landowner and his family. Here we go again.
11/10/22: Several important updates to this story have been added. See below.
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Rumor: Dominion Mulls Sale of Remaining 50% Share in Cove Point LNG
Bloomberg is reporting that “sources” are chattering that Dominion Energy, the majority owner of Cove Point, Maryland, LNG export facility with a 50% stake in the plant, is considering selling its stake. In July 2020, Dominion sold its natural gas pipeline business along with a 25% stake in Cove Point to Warren Buffett’s Berkshire Hathway (see Dominion Cancels Atlantic Coast Pipe, Sells Pipe Biz for $9.7B). Berkshire Hathaway actually took over the day-to-day operation of the plant, even though it is a minority owner. The other 25% of Cove Point is owned by investment firm Brookfield Asset Management. It appears Dominion is seriously considering dumping its 50% stake in the project.
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Air Quality | Beaver County | Energy Companies | Ethane | Industrywide Issues | Pennsylvania | Processing Plants | Regulation | Shell
PA DEP Pledges to Keep a Close Eye on Shell Cracker Air Quality
Anti-fossil fuelers continue to pressure the Pennsylvania Dept. of Environmental Protection (and Pennsylvania itself) over the grievous sin of approving the Shell ethane cracker plant project (see Shell Receives Air Quality Permit from PA DEP for Cracker Plant). With the cracker plant now in startup mode, antis want to know, “Who monitors Shell’s cracker plant — and how?” The partisan leftists of so-called PublicSource hit the DEP with that very question. The DEP said that while Shell itself must conduct constant (daily) monitoring of air quality using independent, third-party equipment (sending the data to the DEP), the DEP will also conduct its own regular on-site inspections and testing as well.
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2 Days Before Election Biden Promises “No More Drilling” re Offshore
President Joe Biden speaks at a campaign event for Gov. Kathy Hochul, Sunday, Nov. 6, 2022, at Sarah Lawrence College in Yonkers, New York. (Patrick Semansky / AP Newsroom) Joe Biden can’t help himself. When you get to a certain age, the motto becomes “older and bolder.” That fits Biden. His handlers hate it when old Joe goes off script–when he shares his true thoughts. It happened yesterday, two days before the all-important mid-term election, when Biden slipped up and revealed he is committed to blocking all offshore drilling. At least, that’s what we think he meant. We’ll explain.
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O&G Finally Wakes Up, Responds to Biden’s Unprovoked Attacks
The oil and gas industry has had enough of Joe Biden’s unprovoked and vicious (we’d call them irrational) attacks. Biden demands more drilling, and the next day he says he’ll ban drilling. Biden says Big Oil is making too much money, then threatens to end the use of all fossil energy. Biden routinely does this Dr. Jekyll and Mr. Hyde routine. Recently, Secretary of Energy, Jennifer Granholm, held private talks with Big Oil about low inventories of heating fuel and diesel. “The tone was cordial,” say those who participated. The very next day, Mr. Hyde turned up to blast away at “outrageous” profits in the oil industry, demanding companies lower prices at the pump. Big Oil has had enough and is speaking out.
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30 Companies Generate Half of Energy Sector Methane Emissions
Just 30 fossil fuel companies account for “nearly half” of so-called planet-warming methane emitted by the world’s energy sector. That’s according to a new analysis by Global Energy Monitor. And get this, only three of the 30 are American fossil fuel companies. And those three are WAY down the list. The #1 leakiest methane emitter on the planet is the National Iranian Oil Company. The #2 biggest emitter is Gazprom (Russia). And #3 is China Energy. In fact, the top 10 biggest methane emitters are located in the Middle East, China, or Russia. All of them are enemies of the United States.
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VOTE! Today!! Please!!!
Today is national election day in the United States. It is VITAL that you vote, especially if you believe in keeping a free and open society with access to cheap, clean-burning fossil energy. Borrowing a phrase from New York candidate for Governor, Lee Zeldin, “Vote as if your life depends on it. Because it does!”We must turn back the insanity of the left in attempting to phase out fossil energy. Fingers crossed that today will be the beginning of the end for the Bidenistas holding power.
