Investment firm BlackGold Capital Management announced late last week it has purchased Overriding Royalty Interests (ORRI) in the Utica shale of Ohio from an unnamed seller. We have a guess as to who did the selling.
Read More “BlackGold Finds Blue Gold in Ohio Utica Royalty Investment”
In December, the Pennsylvania Dept. of Environmental Protection (DEP) released a draft of onerous new regulations that focus on reducing volatile organic compound (VOC) emissions and so-called fugitive methane (see Pa. DEP Jumps the Gun with Proposed New Emissions Regs). The new regs will force drillers and pipeline companies to spend big bucks to produce a teeny tiny improvement in emissions. The DEP is back with yet another revision of their onerous new regs, hoping this time they can ram them through and make them law.
Read More “PA DEP Releases Onerous New Air Regulations, Again”
On Friday, Arrow Material Services (based in Sewickley, PA) filed a lawsuit against Superior Silica Sands, also known as Emerge Energy Services (based in Fort Worth, TX) in Allegheny County Court for $24.9 million alleging breach of contract in providing frac sand.
Read More “Frac Sand Flap – Pittsburgh Logistics Co. Sues Texas Sand Co.”
What happened? Just a few weeks ago MDN told you that the West Virginia legislature had passed a bill with bipartisan support (and support from both the drilling industry and surface owners) that would redirect monies from low-producing oil and gas wells to fund a program to plug old abandoned wells (see WV Legislative Session Closes w/Several Pro-Drilling Bills Passed). WV Gov. Jim Justice vetoed the bill last week.
Read More “WV Governor Inexplicably Vetoes Bill to Plug Abandoned Wells”
The radical group Citizens for a Healthy Jessup is floating a plan to try and prevent any new Marcellus gas-fired electric plants from getting built in the Keystone State. Aided and abetted by a corrupt local newspaper, the group tries to pass itself off as a collection of local concerned citizens. It’s nothing of the sort.
Read More “PA Anti Group Seeks to Block New NatGas Elec Plants with New Law”
Ohio Congressman Bill Johnson is “urging patience” with PTT Global Chemical and their long-overdue final investment decision (FID) to move forwarding with building what is now being called a $7-$10 billion ethane cracker complex in Dilles Bottom (Belmont County), OH.
Read More “Ohio Congressman Johnson Says PTT Cracker Still On Track”
MARCELLUS/UTICA REGION: PA Senate bill would impose 2 year moratorium on hazardous liquids pipeline approvals; PA EQB to consider petition to create cap-and-trade program to reduce greenhouse gas emissions; EQT Foundation announces scholarships for Greene, Washington students; Cabot gives back to Susquehanna County first responders; NATIONAL: Amid the furor of the Green New Deal, don’t overlook the shale revolution; INTERNATIONAL: Natural gas prices crash as market suffers ‘winter hangover’.
Read More “Energy Stories of Interest: Mon, Apr 1, 2019”
The latest edition of the MDN Weekly Digest is now ready. The digest is the meat and “essence” of each story for all posts appearing on the MDN website during the past week, collected in a single PDF document capable of being downloaded and printed. The Weekly Digest is available to paying subscribers only as part of your monthly or annual subscription to MDN.
Read More “MDN Weekly Digest – Mar 30, 2019”
SK Holdings is one of the largest conglomerates in South Korea, and the 57th largest company in the world. Bet you didn’t know that! SK is composed of 95 subsidiary companies with 70,000 employees and has its fingers in many pies, including telecommunications, manufacturing and chemicals. One of SK’s core businesses is energy. Yesterday the company made a major investment in energy by investing in Blue Racer Midstream, a gathering and processing system with 700 miles of pipelines in Ohio and West Virginia, the heart of the Marcellus/Utica.
Read More “South Korean Company Invests $300M in Blue Racer Midstream”
There’s no polite way to say this: The people of Bristol, Vermont are STUPID. The Bristol Selectboard, citing a pending lawsuit by rabid anti-fossil fuel nuts, recently voted to end a license agreement with Vermont Gas granting the utility permission to build distribution pipelines along town roads. Now the town is doomed.
Read More “Insanity Wins in Bristol, VT – Town Cancels Local NatGas Pipe”
There must be something in the water in New England. Today we told you about mass insanity in Bristol, Vermont, and now a story about a small community in nearby Massachusetts that wants to block 2.1 miles of new looping pipeline (buried next to an existing pipeline) in Longmeadow, Mass. All because local fruit loops want to ban new “fossil fuel” infrastructure. Lunacy is breaking out everywhere in New England!
Read More “Massachusetts Still Trying to Block 2.1 Miles of Local Gas Pipe”
Earlier this month MDN told you that a plan to build a $60 million Marcellus LNG export facility on property owned by Philadelphia Gas Works was just one vote away from becoming reality (see Philadelphia LNG Export Plant One Vote Away from Happening). The final vote needed is by Philadelphia City Council. It was supposed to happen yesterday, but instead was delayed.
Read More “Philly Council Delays Vote on LNG Export Plant, Loonies Protest”
Washington County, PA (southwestern part of the state) brought in $560 million in new investment, along with 725 new jobs, in 2018. The vast majority of that new investment is tied directly or indirectly to the Marcellus Shale industry.
Read More “Washington County, PA Got $560M of Shale Investment in ’18”
Does one government hand know what the other is doing in Puerto Rico? More to the point, is there a brain instructing either hand what to do? That’s the question we had as we read the legislature of PR has just passed an idiotic law requiring all electricity generation on the island to come from so-called renewables by 2050.
Read More “Will Puerto Rico’s Clean Energy Law Affect Marcellus LNG Imports?”
When you hear the term “Clean Energy” what do you think it means? Almost everyone would agree the term means wind and solar power. But that’s a premise that is ripe for questioning. When you start to look at the bigger picture, the illusion of “clean” wind turbines and solar panels quickly goes SPLAT!
Read More “Is Wind & Solar Really “Clean” Energy? (Video)”
MARCELLUS/UTICA REGION: New York is in bad economic shape – fracking could change that if Cuomo would allow it; NATIONAL: Tight oil development will continue to drive future U.S. crude oil production; US natural gas in storage falls 36 Bcf as heating season likely wraps up; New reports offer solutions to protect against “recent surge” of climate liability lawsuits; INTERNATIONAL: Denmark wants a new route for Nord Stream 2 gas pipeline.
Read More “Energy Stories of Interest: Fri, Mar 29, 2019”