KBR Pulls Out of Deal to Build Goldboro LNG Export Plant in N.S.
Pieridae Energy wants to build an LNG export plant in Nova Scotia, Canada. The project is called the Goldboro LNG project. Yesterday Pieridae announced the company they had contracted with to build Goldboro, KBR (Kellogg Brown & Root Limited), has notified Pieridae it is pulling out of the contract to build it. Pieridae says it is evaluating its legal options.
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Hi-Crush Inc., a frac sand company headquartered in Houston, TX, has filed for Chapter 11 bankruptcy protection. Hi-Crush provides frac sand/proppants to a number of shale plays across the country, including the Marcellus/Utica. In its filing, the company seeks to convert $450 million of its $699 million of debt into equity (shares of stock), diluting existing shares for existing stockholders. As is typical, existing shareholders get the short end of the stick.
MARCELLUS/UTICA REGION: Buffet to buy interest in Dominion Gas’ Cove Point; API Ohio welcomes new well plugging rules; OTHER U.S. REGIONS: U.S. Army Corps of Engineers to appeal Dakota Access shutdown; NATIONAL: U.S. Henry Hub natural gas spot prices reached record lows in the first half of 2020; Analyst sees more shale bankruptcies ahead; Will the left kill America’s energy dominance?; INTERNATIONAL: After decades of wrong predictions, oil may finally be peaking; Extending production cuts would be ‘suicidal’ for OPEC; Is the world ready for more OPEC and Russian oil?
A warning right up front: This post is speculation and rumor. As you know if you’ve read MDN (or any other media source covering oil and gas in the past two weeks), on June 28 Chesapeake Energy filed for Chapter 11 bankruptcy (see 
It’s time to revisit a long-festering royalty lawsuit against Chesapeake Energy and Anadarko Petroleum filed by the Pennsylvania Attorney General’s office. The case has been through several layers of courts and finally ended up at the PA Supreme Court last fall (see 
Last week we brought you the rumor that a bill to allow incentives for petrochemical plants willing to build new facilities in Pennsylvania (generating hundreds of jobs and hundreds of millions of investment in the state) appears to be back on after the bill was vetoed by Gov. Tom Wolf earlier this year (see 
How much of an effort is “enough” when a surface landowner in Ohio tries to locate the owner(s) of the belowground mineral rights under his or her land using the Dormant Mineral Act (DMA)? Is it enough to search the public record archive in the county where the land is located? The Ohio Supreme Court recently ruled in a case to say no, it’s not enough to run a quick search in one county when attempting to locate mineral rights owners.
Joe Biden is not only corrupt and senile, he’s now trying the same old ruse politicians always pull when trying to get elected: He’s outright lying in order to buy votes. All through the primary Biden has promised to kill off fracking and eliminate the use of oil and natural gas in the United States. Those are his words (see 
Do you remember the child’s game called “Simon Says”? That’s what we were thinking when we read about a lawsuit in Ohio by landowners against a group of shale drillers. The lawsuit, initiated by several landowners in Belmont County, OH, claims the drillers drilled too deep–into the Point Pleasant rock layer–when the leases signed only mention the Utica rock layer. The lawsuit, which is seeking class action status, claims “unjust enrichment” by the drillers.
West Virginia University (WVU) has created a new “
Last December the Pennsylvania Dept. of Environmental Protection’s (DEP) Environmental Quality Board approved onerous new regulations that supposedly will capture every last molecule of stray methane that leaks from shale drilling operations (see 
In our weekly tracking of the Enverus rig count, the numbers from the latest report (as of Wednesday) show a new record low of 276 active rigs. Quite disturbing for us is that comparing Wednesday of this week with Wednesday of last week, the Marcellus/Utica rig count is down by a whopping six. Ouch. The rig apocalypse continues.