CNX Resources Lays Off Another 20 Workers – 14% Now Gone
Last Wednesday MDN brought you the news that CNX Resources had laid off some 50 employees, with rumors circulating that more layoffs were coming (see CNX Resources Lays Off 10% of Total Workforce – More Cuts Coming?). Looks like the rumors were right. The company let go another 20 people late last week, making the new total 70 out of work–some 14% of the CNX workforce.
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Can it be possible that the shale industry and anti-shale environmentalists (those who irrationally espouse the end of using all fossil fuels) can actually agree on something? Turns out, we can! The something we agree on is opposition to PA Gov. Tom Wolf’s plan to tax a single industry, shale drilling, $4.5 billion in order to use that money for Big Government programs.
In October 2017, officials in Plum, PA (Allegheny County) approved a plan by Huntley & Huntley (H&H) to drill a series of Marcellus wells on a single well pad in their municipality (see
How dumb must you be to not understand that if there’s not enough gas supply, you can’t hook up new customers to the distribution grid? Yet some New York City legislators, 17 of them, are vilifying National Grid, one of NYC’s two main natural gas utilities, because National Grid continues to deny new customers who want gas service to be hooked up. It’s clearly Andrew Cuomo’s fault–he denied permission to build a pipeline to bring new supplies of gas to the region. Yet the legislators close ranks for this putz and blame the company that can’t get those new supplies. Some of these same legislators OPPOSE the pipeline! Yet they want more natgas. What kind of mental gymnastics does that require?
MARCELLUS/UTICA REGION: Shell Pipeline completes big segment of Falcon Pipeline; Stick with an energy solution that’s already working; NATIONAL: Mysterious group behind climate crusades dinged for allegedly skirting financial regulations; ‘Sustainably fracked’ shale producers seek a green label for their natural gas; Bernie Sanders’ green energy dystopian fantasy; Oil companies persuade states to make pipeline protests a felony; Drillinginfo announces name change to Enverus.
MDN is taking a rare vacation day today, Friday, August 23. We will be back on Monday to catch you up on all the latest news. In the meantime, we’ve updated our Calendar of Events (next post).
Events related (or of interest) to the Marcellus, Utica and other Appalachian shales happening from now through the end of this year.
In May, Columbia Gas Transmission was forced to haul the State of Maryland into court over the state’s refusal to grant an easement to drill a tiny 3.5-mile pipeline under the Potomac River (see
Last September MDN brought you news that six men had been charged with conspiring to illegally alter emission systems on 30+ trucks with heavy-duty diesel engines used to haul water and wastewater to and from Marcellus Shale wells (see
We should have seen this one coming (but didn’t). Yesterday MDN told you that the Pennsylvania Dept. of Environmental Protection (DEP) had revoked the right of the Beaver County Conservation District (BCCD) to issue and monitor permits for erosion and sediment control, two permits used in building both pipelines and drill pads (see
Two weeks ago MDN told you about an incident near Philadelphia in which the flare stack at a Mariner East 2 (ME2) pipeline pump station ignited causing a loud noise, which we likened to flatulence (see
In 2006 the Pennsylvania State Legislature passed a bill (signed into law) that protects certain information about pipelines from being divulged via open records requests. It’s all too easy for terrorists (foreign or domestic) to use that information to inflict pain and suffering, even death–or to stop the flows along those pipelines. Good law, good call. But now several PA House members from the Philadelphia area want to pass a new law that would repeal the 2006 law–all in the name of pipeline “transparency.”
Everyone knows that shale drilling is a house of cards, right? Just look at shale gas drillers in the northeast. Company stock prices down 90% over the past 5-10 years. Yuck. And don’t even get us started talking about shale oil companies (filthy monsters). Their balance sheets and share prices are even *worse* than shale gas drilling companies! They NEVER make any money. EVER! Shale oil companies just keep getting new investors to invest so they can pay off old investors, like a Bernie Madoff Ponzi scheme. Except–what if the media narrative pounded into your head day in and day out isn’t true? What if shale companies are actually (gasp) making money?