EQT Corp. submitted a $750 million bid for Chevron’s natural gas assets in the Appalachian Basin and a stake in a natural gas pipeline, according to Reuters. At this time, there is no guarantee the offer will lead a sale to EQT or another company. Both companies declined to comment on EQT’s offer. Chevron has
Read More...Myers Industries Inc. has appointed an interim chief financial officer after separating from its most recent CFO. The Akron, Ohio-based polymer products company announced Sept. 18, it has appointed Dan Hoehn as its interim CFO, effective immediately. The company said the move comes “following the mutual agreement of the company and Kevin Brackman, former executive
Read More...New Jersey lawmakers are taking a serious look at mandating that plastic containers and other packaging sold in the state be made with recycled content, seeing it as a strategy to shore up weak markets. While the provisions are still being negotiated, state legislators are looking at a wide-ranging bill that could require 35 percent
Read More...Resin and feedstock production at plants in Lake Charles, La., are not expected to restart until late September at best after being impacted by Hurricane Laura. Most of the Lake Charles area has been without power since the storm made landfall on Aug. 26. Although resin plants avoided major damage, electrical lines in the region
Read More...MVP Southgate map (click for larger version) In June the Federal Energy Regulatory Commission (FERC) issued final approval for Equitrans Midstream’s 75-mile expansion of the Mountain Valley Pipeline (MVP) from southern Virginia into North Carolina, a project called MVP Southgate (see FERC Approves Mountain Valley Pipeline Southgate Extension to NC). Well-funded Big Green groups immediately
Read More...Yesterday the Ohio Power Siting Board approved the construction, operation, and maintenance of a Utica-fired combined heat and power (CHP) plant on the main campus of Ohio State University in Columbus. Wonders never cease! Of course, irrational fossil fuel haters are not giving up the fight to try and block it.This post appeared first on
Read More...Last week Enbridge began testing its Weymouth, Massachusetts compressor station project, the final piece of the company’s $452 million Atlantic Bridge expansion project (see Weymouth, MA Compressor Stn Begins Testing, Coming Online Soon). As sometimes happens when you begin testing, there was a problem. A gasket failure led to an unplanned release of 265 Mcf
Read More...Time for our weekly check of the rig count. We like to check the Enverus count because we believe it’s more accurate than the Baker Hughes count. According to S&P’s analysis, the rig count climbed by 6 for the week ending Sept. 16 to hit an eight-week high of 293 active rigs. The Marcellus remained
Read More...Richard Weber, CEO of PennEnergy Yesterday the U.S. Dept. of Energy hosted a virtual 2020 Natural Gas Summit in Washington, D.C. DOE Secretary Dan Brouillette and Director of the White House National Economic Council Larry Kudlow were the two hosts and speaker/moderators. However, at least two prominent Marcellus/Utica driller CEOs participated, including Richard Weber from
Read More...George StarkDirector, External AffairsCabot Oil & Gas George Stark explains a financial assistance program set up by Cabot and others to help small businesses and how much it has given in help. Within weeks of the first “stay at home” orders, it became obvious that small businesses would suffer greatly, especially as the
Read More...A new study from three university researches appears to confirm that the Colorado Oil & Gas Conservation Commission’s proposal to increase the setback distance of oil and natural gas operations from 500 feet to 2,000 feet would render a vast majority of potential production “unavailable” and cost the state’s economy billions of dollars. The study’s
Read More...Tom ShepstoneShepstone Management Company, Inc. …. …. Delays, obstruction and cancellations of pipelines in the Northeast for the sake of green virtue signaling are creating high energy prices. That Consumer Energy Alliance (CEA) report illustrating the cost of the pipeline infrastructure war, which we covered a few days ago includes a wonderful section on New
Read More...Jim WillisEditor & Publisher, Marcellus Drilling News (MDN) Tom Wolf’s cabinet members and other green signaling sycophants insist on imposing a RGGI carbon tax on all of us and just voted it forward. The Pennsylvania Environmental Quality Board (EQB), a powerful committee operating under the larger umbrella of the PA Dept. of Environmental Protection (DEP), held a
Read More...Last week Sumitomo Corp. announced it has divested its 30% stake in a joint venture in the Marcellus Shale in western Pennsylvania, according to Kallanish Energy. Through subsidiary Summit Discovery Resources LLC, Sumitomo had acquired the 30% stake in Rex Energy’s Marcellus operations in Butler County, Pennsylvania, for $150.7 million in 2010. However, it had
Read More...The Pennsylvania Department of Environmental Protection ordered Sunoco/Energy Transfer to reroute its planned Mariner East 2 pipeline route and further assess, investigate and restore resources impacted by the project in Upper Uwchlan Township, according to Daily Local News. The company spilled over 8,000 gallons of drilling fluid in August, creating a 15-foot wide by 8-foot
Read More...