Rice Boys Secret Sauce for Reviving EQT: Digital & Data
EQT CEO Rob McNally and board chairman Jim Rohr are in a pitched battle to maintain their control of the company. They dismiss a plan by Toby and Derek Rice to enhance EQT’s production at a lower cost as something that worked for small potatoes Rice Energy, but couldn’t work for a big, important company like EQT. The Rice boys shoot back that EQT is bloated and lumbering and needs a good house-cleaning. So what is the essence of the Rice plan to get EQT back on track? What’s the Rice boys’ secret sauce?
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Three families who live near a former drill site and frack wastewater impoundment at the Yeager Marcellus Shale site in Washington County, PA sued Range Resources in May 2012 claiming the air they breathe and the water they drink had been contaminated by Range’s operations at the site (see 
We spotted a couple of op-eds yesterday commenting on the obtuse position taken by New York State (Andrew Cuomo) in blocking natural gas pipelines. One of the columns, by MDN friend Katie Klaber, makes a brilliant point. Want to know where New York is heading energy-wise? Just look at Venezuela.
MARCELLUS/UTICA REGION: Lackawanna College delivers great careers in natural gas for locals; The Dimock water quality hustle fully revealed in deposition; West Virginia’s rebound is raising wages and reducing welfare; Hull Street buys 2 natgas-fired plants in New York; GOP governor names attorney to Ohio PUC; OTHER U.S. REGIONS: For sale in Texas: natural gas at record low price; MHPS JAC turbine selected to power the world’s most efficient plant in Va.; NATIONAL: Hydraulic fracturing conference hits full stride on day two; The surprisingly low seasonality of U.S. natural gas prices; INTERNATIONAL: Tests at Cuadrilla’s British fracking site show substantial gas flows.
The West Virginia House Energy Committee passed a bill yesterday that appears to be picking up steam and possibly headed for approval by both the House and Senate. It’s an interesting bill that allows local natural gas utilities to pay drillers to drill new gas wells in areas where there is not a reliably sufficient supply of gas.
The folks at Argus Media have done an analysis of the number of shale well permits issued in Pennsylvania for January 2019. The numbers show the number of new permits issued during January were up 72% from the number issued in December 2018, but down 11% from the number of permits issued in January 2018, one year earlier. Can we divine anything from this mixed bag of numbers?
Dominion Energy’s 600-mile Atlantic Coast Pipeline (ACP) is facing serious delays and cost overruns mainly due to lawsuits brought by Big Green groups (see 
One of the long-running complaints from shale drillers across Pennsylvania has been the amount of time it takes the state Dept. of Environmental Protection (DEP) to issue a simple permit–like an erosion and sediment control permit.
Perhaps two unrelated cases of individual landowners challenging Energy Transfer’s Mariner East 2 (ME2) Pipeline–one in court, the other with regulators–doesn’t make a trend, but it is worth noting. Our antennae are up.
Pieridae Energy wants to build an LNG export plant in Nova Scotia, Canada. The Mi’kmaq (pronounced mic-mac) indigenous peoples of Nova Scotia (i.e. Indians) have never formally surrendered their “ownership” claim of Nova Scotia–a claim long disputed. In order to build and operate the Goldboro LNG export facility, Pieridae has agreed to pay off the Mi’kmaq. Call it “leave us alone” money.
A lawsuit brought by greedy lawyers (ab)using a group of 21 children against the United States for not doing enough about mythical man-made global warming has once again heated up. The lawsuit aims to force the end of using all fossil fuels in the United States, to address so called man-made global warming.
Let the fight begin. Yesterday the Rice brothers, Toby and Derek, held a conference call with EQT investors to lay out their detailed proposal for how EQT should be run. The Rice plan includes giving the boot to current EQT CEO Rob McNally and much of top management, and installing Toby as CEO, bringing along 15 Rice alumni to kick-start EQT’s “moribund performance” (our interpretation of what Toby said).