EQT Shifting Charitable Giving Away from City of Pittsburgh
Take note Pittsburgh Mayor Bill Peduto: You can only crap on the shale industry for so long before it comes back to bite you on the backside. EQT CEO Toby Rice told a group of landowners Wednesday night that the EQT Foundation (EQT’s charitable giving arm), the third largest foundation by giving in Pittsburgh, is going to shift its donations away from Pittsburgh and to the counties/regions where the company drills.
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MARCELLUS/UTICA REGION: Layoffs at PES refinery begin, as union argues for continued presence due to safety concerns; OTHER U.S. REGIONS: State regulators want better reporting of lost natural gas; NATIONAL: Natural gas… Assessing if we are close to a bottom; US oil, gas rig count falls 15 on week to level not seen since May 2017; U.S. oil industry has idled 201 rigs in 10 months – does it need to idle more?; INTERNATIONAL: Offshore oil and gas rigs leak more greenhouse gas than expected.
After a bruising proxy fight, Toby and Derek Rice (formerly from Rice Energy) won control of EQT, the largest natural gas-producing company in the U.S. (see
This one slipped under the radar for a bit. At the end of June, Pittsburgh-area Falcon Drilling, a Marcellus and Utica shale drilling contractor, announced it is buying out and merging in another Pittsburgh-area drilling company, Complete Drilling Solutions. Terms of the deal were not disclosed.
Last week MDN brought you an RBN Energy article that outlines how Marcellus/Utica gas hitches a ride to the Gulf Coast to feed several LNG export facilities–specifically the newly-minted Cameron LNG export facility (see
There is no disputing the fact that the Marcellus Shale has fundamentally changed the economic landscape for Pennsylvania–for the better. A former PA state senator and county commissioner from southeast PA recently went on a tour of shale related infrastructure in western PA and wrote an insightful editorial that outlines the case in favor of building *more* natural gas pipelines in the state.
When the anti-fossil fuel Park Foundation pays your salary, your “research” had darned well better reflect an anti-fossil fuel result. Or else the money spigot quickly gets cut off. That’s what explains the latest “study” published (in Europe, not the U.S.) by Cornell University professor Robert Howarth–a study that claims shale drilling is pumping catastrophic amounts of methane into the atmosphere making Mom Earth toast.
We’re highlighting a second scientific study today, this one real. We told you about Cornell University’s Robert Howarth’s faux study that says methane escaping from shale wells is causing the planet to toast. This second study, from Princeton University, actually performed in-the-field experiments to measure methane escaping from Marcellus Shale wells in Pennsylvania. Real science. The study found some 77% of the methane that escapes into the atmosphere comes from 10% of the wells–and concludes if we can identify and fix the 10%, we’ll go a long way to solving the escaping methane issue.
Democrats and the media (one and the same) are truly a conflicted, schizophrenic bunch. Both national and local Democrats who pretend to be unbiased journalists (what a joke) couldn’t wait to blast out headlines from yesterday’s visit by President Trump to Monaca, PA that Trump is falsely “taking credit” for the Shell ethane cracker, a plant that began life–at least planning stages–during the reign of their Lord and Savior Barack Hussein Obama. Yet in the next breath they write that this plant Trump is taking credit for will produce eeeeevil plastic that’s dooming all life on Mom Earth to extinction. They want credit for the plant, yet they don’t want the plant. What’s a lib Dem to do?
Hoping that lightning strikes twice with the “judges” at the U.S. Court of Appeals for the Fourth Circuit (4th Circus) who read children’s books like The Lorax and use them in their decisions, deep-pocketed Big Green groups have filed a new lawsuit with the quirky judges asking that they overturn federal approvals issued to Mountain Valley Pipeline (MVP) under the Endangered Species Act (ESA). Big Green hopes the clown judges will overturn approvals for MVP the same way they did for Dominion Energy’s Atlantic Coast Pipeline (ACP) project.
Ohio recently passed an odious new law (House Bill 6) to prop up two bankrupt nuclear power plants and several coal-fired plants (see