The New York City law firm that found one Cabot Oil & Gas investor to become the lead plaintiff in what they hoped would become a class action lawsuit against Cabot for securities fraud has dropped the lawsuit. Apparently the law firm couldn’t find enough other investors to sign on.
Read More “Law Firm Withdraws Class Action Against Cabot re Securities Fraud”
Kelcy Warren founded and has been the CEO of midstream company Energy Transfer (ET) in 1996 with approximately 200 miles of natural gas pipelines and 20 employees. Today the company is one of the largest pipeline companies in the world. Yesterday the company announced Warren will step down as CEO on Dec. 31.
Read More “Energy Transfer Founder Kelcy Warren Stepping Down as CEO”
After a couple of weeks of double-digit gains in the Enverus national rig count, last week the count slipped backward by 3 (for the week ending Oct. 7). The Marcellus lost two rigs last week. The Haynesville, a gassy shale play in Lousiana and competitor to the Marcellus/Utica, picked up 2 rigs.
Read More “Rig Count Slides Backward by 3, Marcellus Lost 2 Rigs Last Week”
Big Green groups in Pennsylvania, funded by shadowy billionaires and in some cases, foreign money (see Anti-American Sierra Club, NRDC Get Funding from Russia), are spending over $2 million in an effort to influence (purchase) enough PA House and Senate races to flip one or both chambers from Republican to Democrat control.
Read More “Big Green Spending $2M+ to Try and Flip PA Legislature Democrat”
In September, the new owner of Magnolia LNG, investment firm Glenfarne Group, along with Kinder Morgan (which plans to build a pipeline to the Magnolia facility), asked the Federal Energy Regulatory Commission (FERC) to extend the time to build the project (see Glenfarne Asks FERC for Extra 5 Years to Build Magnolia LNG). On Wednesday FERC granted its blessing.
Read More “FERC Gives Glenfarne an Extra 5 Years to Build Magnolia LNG”
MARCELLUS/UTICA REGION: Upcoming deadline for renewal of Ohio land professional registrations; Banks reaffirm Southwestern Energy’s line of credit for $1.8 billion; OTHER U.S. REGIONS: LNG exports resume from Sabine Pass and Cameron terminals as another hurricane approaches; NATIONAL: On fracking, Senator Harris wants to have it both ways; Chevron doubles down on renewable natural gas; U.S. crude output to fall less in 2020 than previously forecast; INTERNATIONAL: Royal Dutch Shell energy transition woes; When natural gas prices rise, Russia’s Nord Stream 2 will get a second wind.
Read More “Other Stories of Interest: Fri, Oct 9, 2020”
Cabot Oil & Gas issued an operational update yesterday to announce that because of persistently low prices for natgas, as of Sept. 18 the company curtailed approximately 372 million cubic feet equivalent per day (MMcfe/d) of gross production to finish out the last 13 days of the quarter. After that?
Read More “Cabot O&G Shuts-in 1/3 Bcf/d of Production Due to Low Prices”
Here’s a new one for us: The Leach XPress pipeline project has a teeny tiny presence in the southwestern corner of Pennsylvania. We did not know that! Just 1.74 miles of the pipeline runs through PA, but that small section has earned the builder, Columbia Gas, a big fine.
Read More “PA Fines Columbia $157,126 for Leach Xpress Pipe Violations”
Based on the suspect testimony of a “whistleblower,” the radical Clean Air Council (CAC) has filed a notice of its intent to sue Sunoco Pipeline claiming the company prevented professional geologists working on the project from properly inspecting and investigating environmental conditions, including subsidence, near the pipelines. Yet another sham lawsuit by a sham organization.
Read More “Big Green Group Files Notice to Sue Sunoco re ME2 Pipe Permits”
It might help anti-fossil fuel radicals if they at least got a few of their facts right. Facts are typically missing from their hysterical proclamations. Case in point: An anti addressed the Ransom Township board earlier this week (Scranton, PA suburb) to try and convince the board to pass a resolution against trucks hauling LNG from traveling through the community on the way to Interstate 81. Her wild claims were false.
Read More “Know-Nothing Anti Tries to Scare NEPA Town into Banning LNG Trucks”
Caterpillar is expanding in the oil and gas business. Weir Group is selling its entire oil and gas division to Caterpillar for $405 million. Weir, which manufactures equipment used in fracking, has two offices in Pennsylvania and three in West Virginia to service the Marcellus/Utica.
Read More “Caterpillar Purchasing Weir Oil & Gas for $405 Million”
The results of a new study conducted by Penn State researchers surprised them. The study looked at who and how much influence happens with state regulations adopted for fracking. The operating assumption, based on an incessantly biased media, is that states are in the dark and beholden to the oil and gas industry. That “frackers” ride roughshod over state regulators. The researchers found that’s simply not the case.
Read More “Penn State Study Finds PA a Model for Shale Law in Other States”
MARCELLUS/UTICA REGION: W&J alum discusses energy possibilities in region; OTHER U.S. REGIONS: Coal, nuclear retirements in US Midwest might boost gas-fired power demand; NATIONAL: Domestic oil, natural gas political contributions wane amid coronavirus fallout; Chevron workers face demands to reapply for jobs under global restructuring – sources; Natural gas market: production falls to a new multi-year low; EIA lowers 2020, 2021 oil & natural gas price forecasts; Brace yourself for natural gas supply and demand mismatch on Hurricane Delta; The best case for and against a fracking ban; INTERNATIONAL: A $100 billion Big Oil divestiture plan is coming; EU Parliament votes to raise 2030 climate target to 60%.
Read More “Other Stories of Interest: Thu, Oct 8, 2020”
Somebody lit a fire under drillers in Pennsylvania last week! Or maybe we should say a fire was lit under the PA Dept. of Environmental Protection (DEP). PA issued 35 new permits last week spread pretty much across the entire state–in the northeast, central, and southwest portions of the state. Ohio, once again, issued no new Utica permits last week. West Virginia issued a single new permit last week.
Read More “Weekly Shale Drilling Permits for PA, OH, WV: Sep 28 – Oct 2”
As the Mariner East 2 pipeline project nears completion, radicalized environmentalists who have failed to stop the project are getting desperate. And funny. They always “demand” things–have you ever noticed that about them? An arrogant lot who think they know better than you how to run your life.
Read More “Environuts Demand PA DEP Revoke Remaining ME2 Permits”
Environmentalist wackos are the same the world over. They like to “demand” things of other people. We brought you news today of environuts in Pennsylvania demanding the state DEP shut down all drilling for the Mariner East 2 pipeline project based on a few drilling mud spills (see Environuts “Demand” PA DEP Revoke Remaining ME2 Permits). A different group of nuts, in Massachusetts, is demanding to see the emergency plans for a compressor station in Weymouth about to go online. You will comply, resistance is futile…
Read More “Environuts Demand to See Weymouth Compressor Emergency Plan”