EQT Supports Reinstatement of Draconian Federal Methane Rule
Is there something weird in the water over at EQT headquarters? Yesterday the company issued a statement supporting the draconian, over-the-top federal methane emissions rule implemented under Lord Obama that goes way beyond reasonable when it comes to trapping every last molecule of methane (extremely costly with no real benefit to the environment). President Trump wisely rescinded the Obama rule two months after taking office, back in 2017 (see Energy Sanity Day: Trump Exec Order Axes CPP, Methane Rule). Now EQT is going all PC (politically correct) and supporting the reinstatement of that onerous rule.
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Some good news to share. GoExpedi, a “supply chain, e-commerce and analytics company” based in Houston, Texas, opened a 15,000 square foot warehouse in North Fayette earlier this week. The company provides supplies to oil, gas, and industrial companies. The company’s database offers more than 200,000 parts and supplies. This is the company’s first northeast hub.
The Enverus U.S. rig count continues to climb, dramatically. For the week ending April 14, the U.S. rig count climbed another 13 active rigs to 541. The Marcellus added a rig ending the week with 32 active rigs. The Ohio Utica stayed even with 13 active rigs. The M-U combined has 45 active rigs. The other major shale gas play, the Haynesville, lost one rig and now has 47 active rigs.
MARCELLUS/UTICA REGION: Another Marcellus shale well pad coming to Upper Burrell; Muhlenberg poll finds health concerns over fracking, climate change decline in PA; Newer-technology natural gas-fired generators are utilized more than older units in PJM; W.Va. high court orders judge disqualified from EQT lawsuits; OTHER U.S. REGIONS: Council on Environmental Justice asks Northam to institute fossil fuel infrastructure ban; NATIONAL: U.S. Well Services files e-frac patent lawsuit against Halliburton, Cimarex Energy; Shale should withstand private equity pullback; Green spending is mere virtue signaling that hurts the poor; INTERNATIONAL: NFE to supply Norsk Hydro’s Brazil plant with LNG.
We hate reporting these kinds of stories because of the pain and suffering experienced by the family involved, but report it we must. A contract worker (46-year-old man) who was working at a Cabot Oil & Gas well pad off Hoag Hill Road in Rush Twp. (Susquehanna County, PA) around midnight Tuesday was injured at the pad and rushed to the hospital in Montrose, PA. He later died at the hospital.
Just yesterday MDN told you that Chesapeake Energy had enrolled in the same program EQT Corporation previously enrolled in to certify its natural gas as “responsibly sourced” (see 
This year’s 60-day session of the West Virginia legislature, which ended at the stroke of midnight on Sunday, saw a flurry of oil and gas-related bills. Perhaps the most important such bill for the industry, to expand forced pooling, failed (see 
As an article in Offshore Energy says, “LNG as a fuel should be a no-brainer” for the shipping industry. LNG used for marine applications (powering ships) is an important and expanding market for natural gas, including Marcellus/Utica gas. However, the adoption of LNG in the newbuilding sector “seems to be rather slow.” Why is that?
Due to a severe winter storm in the nation’s midsection in February, natural gas spot prices across the country went crazy (see 
In January EQT Corporation announced it would partner with a Denver, CO company calling itself “Project Canary” to run a test on two of its shale gas pads, to prove the natural gas produces is “certified responsibly sourced” (see