Other Stories of Interest: Tue, Oct 5, 2021
MARCELLUS/UTICA REGION: NY Gov. Hochul appoints EDF Radical to head PSC; OTHER U.S. REGIONS: Opponents of a new Connecticut natural gas plant will keep fighting despite a court loss; Columnist earned over $260k from Dominion while writing newspaper editorials about them; NATIONAL: Stonepeak to buy Teekay for $1.5B; Global natgas price surge looms for United States this winter; Biden caught flatfooted by skyrocketing oil prices; INTERNATIONAL: Oil surged to 2014 levels Monday; Analysts release latest oil price forecasts; LNG sellers seek credit letters as gas price spike stretches credit limits; China pulls out all stops to prevent winter energy crisis.
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Sadly, Cabot Oil & Gas is no more. On Friday the company was merged into Cimarex Energy with Cabot’s CEO Dan Dinges taking on the largely ceremonial role of “Executive Chairman” while Cimarex’s CEO Tom Jorden becomes the actual leader (CEO, President, Director) of the newly merged company, now called Coterra Energy, Inc. Coterra’s common stock will begin trading today on the New York Stock Exchange under the ticker symbol “CTRA.”
Just two weeks ago MDN told you that Robinson Power Company LLC planned to resume construction of the Beech Hollow Power Plant in Robinson Township (Washington County), PA, a 1,000-megawatt Marcellus-fired project (see
The Ohio Power Siting Board recently approved a new, tiny 16-mile pipeline project in the suburbs of Columbus, Ohio called the Columbia Gas Northern Loop Project. According to Columbia Gas, communities north and west of Columbus are thriving. Since the 1990s, Columbia has expanded its system to keep service reliable by bringing gas from the west and south. However, they are reaching the limits of what’s possible with the existing gas system. A new supply of gas is urgently needed to maintain reliable service in this area. The Northern Loop Project will meet this demand by connecting to gas supplies on the east side of Columbus.
Last week MDN was (as far as we can tell) the first to bring you news of a new lawsuit filed in Allegheny County Court of Common Pleas against EQT alleging the company had not made required royalty payments to at least two residents, and likely many more residents (see
The American Exploration & Production Council (AXPC), which represents major oil and gas companies across the country, including many of the top producers in the Marcellus/Utica, is sounding the alarm that Joe Biden’s massive multi-trillion dollar reconciliation bill will destroy 90,000 jobs in the O&G industry and trim $9 billion out of the country’s Gross Domestic Product (GDP). The Democrat Party aims to destroy fossil fuels and the $3.5 trillion (or $1 trillion or whatever it ends up being) so-called reconciliation bill is designed to do just that.
Brian Anderson is director of the National Energy Technology Laboratory (NETL) and now the head of the Biden administration’s Interagency Working Group on Coal and Power Plant Communities and Economic Revitalization, an effort to kill the use of fossil fuels (see 
Our federal government is out of control under the doddering Joe Biden and those who pull his strings. Earlier this month Biden directed the Occupational Safety and Health Administration (OSHA) to impose a mandate on all employers with 100 or more workers that forces employers to either ensure workers are vaccinated against COVID-19, or tested weekly. This kind of government coercion is not acceptable. It’s having a big impact on the oil and gas industry where vaccination rates are lower than the general population.
