Pipeline Delay Tactics Exposed – Strategy to Kill ACP & MVP
A recent article on the Forbes website helps crystallize and expose the strategy of a group we call global warming fundamentalists in their religious quest to block fossil fuels by blocking pipelines. That strategy works this way: Mount enough legal challenges to ramp up costs and ultimately convince pipeline builders to walk away from projects. “Ground zero” in pipeline wars right now is, according to the author, two projects: the Atlantic Coast Pipeline, and the Mountain Valley Pipeline. Both projects are right here in the Marcellus/Utica.
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This business of “we must dump the use of fossil fuels and migrate to renewables asap” is not only impractical, it’s lunatic. Yet many adults have bought in to this notion because, we dunno, because they were maleducated in their youth. Radicalized in college. Lied to by the Democrat Party. Take your pick. Just how lunatic is this notion? For the past 100 years the United States has used fossil fuels for 80% *or more* of the energy we use. NOTHING HAS CHANGED. That statistic, according to the U.S. Energy Information Administration (which tracks these things) says that in 2018 fossil fuel consumption went UP! Not down. We need fossil fuels now more than ever for our energy supplies.
The legal beagles of top energy law firm Babst Calland recently released their ninth annual energy industry report called, “The 2019 Babst Calland Report – The U.S. Oil and Gas Industry: Federal, State and Local Challenges & Opportunities; Legal and Regulatory Perspective for Producers and Midstream Operators.” This latest annual review provides perspective on issues, challenges, opportunities and recent developments in the oil and gas industry that are relevant to producers and midstream operators. In an MDN exclusive, we have the first seven pages of the 92-page report (see below), along with details on how you can request a full copy. Worth the read! Here’s an overview…
MARCELLUS/UTICA REGION: This is the last job EQT CEO Rob McNally wants to have. But will that work?; Gary Gould joins EQT at the time when the company is locked in proxy battle; OTHER U.S. REGIONS: Colorado’s Boulder County imposes oil, gas drilling permit moratorium until March 2020; Natural gas pipeline project carves 29-mile path through Genesee County; NATIONAL: New report warns turning away from oil & natural gas will cost United States $4.5 trillion; U.S. drilling slowdown triggers Weatherford bankruptcy; Every US storage region continues to inject natural gas at above-average pace; BP’s highly unusual natural gas investment; INTERNATIONAL: Risky business: The allure of liquified natural gas; America’s liquefied natural gas boom may be on a collision course with climate change; 672 Mercedes-Benz NGT buses are backbone of environmentally friendly bus transportation in Madrid.
Early on Friday, Institutional Shareholder Services (ISS), which makes recommendations to shareholders on how to vote in proxy fights, gave their stamp of approval to Toby and Derek Rice’s “activist” board takeover picks. ISS is heavily influential with institutional investors–organizations like hedge funds, mutual funds, and pension funds. We thought, “Oh oh, it’s all over now. The Rice boys have won.” But not so fast. Late Friday a second highly influential service that institutional investors look to for guidance, Glass Lewis & Co., threw their support behind the EQT slate of board candidates. The two most influential guidance services have split their support. What will shareholders do?
When the Federal Energy Regulatory Commission (FERC) fiddles around and blows important deadlines, there are consequences. In January 2018, Dominion Energy filed a request with FERC to expand capacity along the existing Dominion Energy Transmission Inc. (DETI) pipeline, to flow Pennsylvania Marcellus gas into Ohio (see 
Two weeks ago MDN provided a list of Marcellus/Utica pipeline projects for which the Federal Energy Regulatory Commission (FERC) is withholding approvals, unnecessarily, due to Democrat commissioners gumming up the works over mythical global warming concerns (see 
In a sad development, the Independent Oil & Gas Association of New York (IOGANY) is losing its superb executive director, Brad Gill (an MDN friend), and its paid office staff, in an effort to cut expenses. The administration of Governor Andrew Cuomo has been hostile to the oil and gas industry in NY–not only with a ban on fracking, but also with new environmental regulations that affect conventional drillers. Cuomo’s actions are having a negative effect on O&G in NY, and IOGANY is dealing with the fallout as best they can. The board of directors is slimming down and will now handle the day-to-day affairs of the association. Along with several other current directors, Brad will remain involved with IOGANY but in a different capacity while he pursues his other oil and gas interests.
Oilfield services company (OFS) Mammoth Energy Services, headquartered in Oklahoma City, OK, operates in the Marcellus/Utica Shale, Permian Basin, SCOOP/STACK in Oklahoma, and in Canada’s oil sands region. Mammoth not only works in OFS, they also dabble in electrical transmission and distribution (“T&D”) work. Following the 2017 disaster when Hurricane Maria devastated Puerto Rico, Mammoth was hired to help rebuild the electric utility infrastructure on the island (see