Buffalo Bills Owner Terry Pegula on the Hunt to Buy NatGas Assets
Terry Pegula is a billionaire who owns both the Buffalo Sabres (NHL hockey team) and the Buffalo Bills (NFL football team). Pegula is the owner of East Resources, once a big driller (and holder of acreage) in the Marcellus Shale. Pegula sold off East’s Marcellus assets and used the money, in part, to buy the Buffalo Bills in 2014, which gave rise to MDN calling the team “the Marcellus Bills”–since it was Marcellus money that kept the team in Buffalo, instead of moving to another market (see Buffalo Bills Stay in Buffalo, Thanks to $1.4B of Marcellus Money). Yes, “dirty” fracking money saved the Bills! Pegula is once again in the hunt to purchase oil and gas assets. Hey, it’s a buyer’s market right now and Pegula didn’t become a billionaire by being dumb…
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This absolutely must stop. Pennsylvania Attorney General Josh Shapiro is completely out of control and abusing his power as AG. He has charged a third Marcellus/Utica company, National Fuel Gas Company, with crimes because of a few minor cases of erosion runoff during the installation of a pipeline in Washington County, PA. Since when is erosion a CRIME?
“Be sure your sin will find you out” (Numbers 32:23). That phrase needs to be tattooed on the side of FirstEnergy’s headquarters because their sin of (allegedly) bribing Ohio lawmakers to pass a highly unpopular bailout of the company’s economically failing nuclear power plants has certainly found them out (see 
Just yesterday MDN told you about one expert’s view that there won’t be one massive NGL storage hub built in the Marcellus/Utica, but a number of smaller hubs (see 
Montage Resources, the new name for the merger of Eclipse Resources with Blue Ridge Mountain Resources which happened more than a year ago, announced yesterday it is selling its “non-core” wellhead gathering infrastructure (pipelines) in the Ohio Utica condensate development area to an unnamed international buyer for $25 million. The transaction is expected to close by the end of this year.
Each day New York State becomes more like a third world, tinhorn dictatorship. High and Supreme Lord Andrew Cuomo (governor and dictator of NY) has issued edicts to *permanently* ban all fracking in the state. The suckup legislature dutifully obliged (see 
MARCELLUS/UTICA REGION: Equitrans Midstream announces quarterly dividend; After drilling mishap condemns home, gas pipeline opponents ask to halt all work; OTHER U.S. REGIONS: Tellurian, Petronet renew Driftwood LNG talks; NATIONAL: Natural gas generation nabs growing share of installed U.S. microgrid capacity; Bounceback in U.S. shale oil output is unlikely to last the summer; Oil and gas companies tap DUC inventories to boost production at lower costs; Biden administration risk for energy sector reaches beyond domestic policy; Pipeline shutdown could hurt low-income Americans; Houston banks sell off energy loans, cut credit lines to oil and gas companies.
We told you that the law passed in Ohio (House Bill 6) granting FirstEnergy (now called Energy Harbor) $1 billion in corporate welfare from ratepayers, destroying the fair playing field for natgas-fired electric plants in the bargain, stunk to high heaven. We told you that the entire thing was corrupt (see 
Last week MDN brought you details of the 
BJ Services, a pressure pumping (i.e. fracking) company, began life in the 1870s. BJ was purchased by, and merged into, Baker Hughes in 2009 for $5.5 billion. In November 2016, Baker Hughes along with financial partners Goldman Sachs and CSL Capital Management combined forces (and money) to turn the Baker Hughes BJ division back into a standalone company (see 
Pennsylvania’s hard-left Attorney General, Josh Shapiro, is doubling down on the fraudulent so-called grand jury report that bashes the state’s Marcellus Shale industry. Yesterday afternoon Shapiro spoke on a webinar sponsored by leftist fringe group PennEnvironment. Shapiro once again lied about fracking chemical transparency and threatened he will indict more shale companies. Shapiro is off the reservation and out of control.
A number of far-left anti-fossil fuel (nutty) organizations aren’t getting any traction. Nobody listens to them. So they’ve banded together to form a new umbrella organization called ReImagine Appalachia. In other words, they’ve put lipstick on an anti-fossil fuel pig, hoping they can now, finally, get someone to pay attention to them. Ain’t gonna happen.
There were 27 (!) new permits issued in Pennsylvania for shale drilling July 13-17. There were, once again, no new permits issued in Ohio. What’s up in Ohio? Is nobody filing new permit requests? Or does the ODNR have a backlog of unprocessed requests? There were 7 new permits issued in West Virginia for shale drilling last week. In PA, new permits were issued in Armstrong, Bradford, Greene, Lycoming, Susquehanna, and Westmoreland Counties. In WV all 7 permits were issued for the same well pad in Wetzel County.
TC Energy’s Columbia Gas Transmission subsidiary has not given up on building a 3.37-mile, 8-inch pipeline under the Potomac River. The pipeline, from Maryland on one side of the river to West Virginia on the other side, will be built to feed a larger pipeline project from Mountaineer Gas called the Eastern Panhandle Expansion. The crazy anti-fossil fuel loons who run Maryland are trying to block the project. Columbia is asking the Federal Energy Regulatory Commission (FERC) for more time to get it built because of Maryland’s interference.