Tom ShepstoneShepstone Management Company, Inc. … … Holyoke Mayor makes green splash to collect pander points with trendy Bay Staters, while betraying the very cause he espouses and denying others what he has. Is there any public official left in Massachusetts without his head up you know where, who can stand on his own two
Read More...MDN is taking a rare vacation, for two days, on Thursday & Friday, July 11 & 12. We’ll be back on Monday, July 15 to catch you up on all the important news from the Marcellus/Utica, including the latest on EQT following the Rice brothers winning the proxy vote to replace most of EQT’s board
Read More...West Texas Intermediate crude oil prices will average $62 a barrel in the second half of 2019, and $63/Bbl in 2020, the Energy Information Administration projects in the just-released Short-Term Energy Outlook (Steo), Kallanish Energy reports. EIA’s forecast WTI price of $63/Bbl for December 2019, should be considered in the context of Nymex WTI futures and options
Read More...U.S. dry natural gas production will average 91.3 billion cubic feet per day (Bcf/d) in 2019, up 8.0 Bcf/d from the previous record set in 2018, the Energy Information Administration projects in the just-released July Short-Term Energy Outlook (Steo), Kallanish Energy reports. EIA/Steo expects annual average U.S. natural gas production will rise by 1.4 Bcf/d
Read More...The share of U.S. total utility-scale electricity generation from natural gas-fired power plants will rise from 35% in 2018, to 38% in 2019, and then decline slightly in 2020, according to the latest Steo, Short-Term Energy Outlook, produced by the Energy Information Administration. EIA/Steo forecasts the share of U.S. generation from coal will average 24%
Read More...Why do attorney general offices no longer tout their association with billionaire environmentalist Michael Bloomberg and the environmental law center he created at New York University (NYU)? Has this program, the State Energy & Environmental Impact Center (SEEIC), which has placed “Special Assistant Attorneys General” in eight state attorney general offices to push Bloomberg’s political
Read More...Pretium Packaging LLC is spending $2 million on equipment and infrastructure upgrades at a manufacturing site in Alabama. New reheat stretch blow molding equipment for PET is able to produce both hot-fill and cold-fill containers ranging in size from 6 ounces to 2 liters. Neck finishes range from 24 to 45 millimeters. Growing demand in
Read More...Pretium Packaging LLC prides itself on being different than the typical rigid plastic packaging company. And the vision of success has evolved for CEO Paul Kayser not only over his career but also during his 3½ years as leader of the Chesterfield, Mo.-based company. Pretium is not interested in being a company that consolidates acquisitions,
Read More...The United States is increasingly meeting its own energy needs thanks to American natural gas, new federal data show. Ninety percent of the natural gas used in the United States last year was produced here, according to the Energy Information Administration. For the first time since 1966, the nation experienced back-to-back years where dry natural
Read More...Toby Rice – New EQT CEO (photo credit: Pittsburgh Post-Gazette) Monumentally BIG NEWS! The Rice boys, Toby and Derek, have won the proxy fight to elect their candidates to the EQT board. In a joint announcement made this morning, preliminary results show the Rice boys prevailed in a huge upset (80% of the vote) to
Read More...Last July a group of 100+ southwestern Pennsylvania landowners sued EQT for failure to pay them rental fees for storing natural gas under their properties (see 100+ PA Landowners Sue EQT re Gas Storage Field Payments). That same group has just filed a request in U.S. District Court to upgrade the lawsuit to class action
Read More...Montage stock performance last 6 mo (click for larger version) Montage Resources, which formed in a merger of Eclipse Resources and Blue Ridge Mountain Resources (formerly Magnum Hunter Resources) in March of this year, issued an operational update on Monday. The update says the company will produce more gas than it previously forecast for the
Read More...Little by little, piece by piece, the evidence continues to mount that PTT Global Chemical and their partner Daelim Chemical will make a positive final investment decision (FID) to build a multi-billion dollar ethane cracker in Belmont County, OH. On Monday we told you the State of Ohio is investing another $30 million in the
Read More...Location of Steubenville, halfway between Monaca, PA and Dilles Bottom, OH Several weeks ago MDN editor Jim Willis attended the 2019 Northeast Petrochemical Conference and Expo in Pittsburgh. A major reason for attending such events is to connect with others in the industry. On this trip, Jim had the pleasure of meeting and talking with
Read More...In March 2016, the Federal Energy Regulatory Commission (FERC) approved Tennessee Gas Pipeline’s (TGP) Connecticut Expansion project (see FERC Approves TGP Connecticut Expansion Pipeline Project). The project involves building 13.42 miles of new pipeline loops in three states: Connecticut, Massachusetts and New York. When completed, the new looping will serve an additional 72,100 dekatherms of
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