This is a cautionary tale of choosing your joint venture partner carefully. The Pennsylvania Superior Court threw out a $2.4 million arbitration award against Marcellus driller PennEnergy in a business dispute in a precedential ruling last week. The Superior Court judges overruled an award by an arbitrator. PennEnergy maintained the case should never have been…
Read More...The West Virginia State Legislature passed House Bill (HB) 2581 on the last day of the annual WV legislative session in April 2021. HB 2581 required the State Tax Commissioner to develop a revised methodology to value oil and natural gas properties for the purpose of assessing property taxes. The State Tax Department submitted an…
Read More...In an act of Supreme justice, the Chief Justice of the U.S. Supreme Court, John Roberts, issued an order yesterday overturning the stays imposed by the U.S. Court of Appeals for the Fourth Circuit (4th Circuit) that were blocking the completion of the 94% done Mountain Valley Pipeline (MVP). Let the bulldozers start their engines!…
Read More...TC Energy, formerly TransCanada Corporation, has been in the news all week. Tuesday morning, a portion of the Columbia Gas Transmission pipeline (owned by TC Energy) in rural western Virginia exploded and caught fire (see Columbia Gas Pipeline Near Interstate 81 in Va. Explodes, Big Fire). A day later, TC Energy announced it is selling…
Read More...Yesterday MDN brought you jammed-packed news about EQT Corporation, the country’s largest natural gas driller and producer, from the company’s second quarter update (see EQT Sets World Drilling Record; Tug Hill Deal to Close Next 30 Days). Tucked into all of the news and comments made by EQT management, we missed one important detail that…
Read More...Increasingly ours is a world run by computers. Even in-the-ground pipelines are monitored and controlled by computers. The ransomware attack against Colonial Pipeline in 2021, a pipeline that flows a significant amount of refined products (gasoline and diesel fuel) from the Gulf Coast, where it’s refined, as far north as New Jersey, was a wake-up…
Read More...The Bidenistas on Wednesday held a summit at The White House aimed at addressing the “planet-warming gas methane” and launched a new Cabinet-level task force (that we have dubbed the Climate Gestapo) dedicated to the issue. The bash-fossil energy confab curiously did not include ANY representatives from the sector that supposedly is causing all the…
Read More...EQT Corporation, the largest natural gas producer in the United States, issued its second quarter 2023 update yesterday. There was loads of news. The company reported a new world record of drilling 18,200 feet in 48 hours for a single well in Green County, PA. Also of note, CEO Toby Rice and newly appointed CFO…
Read More...Tuesday morning, a portion of the Columbia Gas Transmission pipeline in rural western Virginia exploded and caught fire (see Columbia Gas Pipeline Near Interstate 81 in Va. Explodes, Big Fire). Fortunately, the blast did not hurt nearby residents, nor were there any injuries among first responders who helped extinguish the fire. However, Columbia shut down…
Read More...The problem with the pay-for-protection scam is that it never stops. A mobster comes calling on a business, and for a “small” and regular fee, the mobster will guarantee nothing “happens” to the business. “Just think of it as insurance.” It’s a shakedown–a scam. And over the years, the price keeps going up. What if…
Read More...This is the first time a proposed new wastewater injection well in Fayette County, PA, is appearing on our radar screen. G2 STEM, a Virginia-based company, filed an application in June 2022 with the federal EPA to construct and operate a wastewater injection well in Nicholson Township. The EPA recently held an online hearing (July…
Read More...Earlier this week, we told you that North Carolina Gov. Roy “Dud” Cooper does what the wacko left tells him to do, namely oppose the Mountain Valley Pipeline Southgate project (see NC Leftist Gov. Cooper Asks FERC to Deny MVP Southgate More Time). He isn’t the only one. Some 52 North Carolina State House and…
Read More...Talk about bad luck. On Monday, TC Energy announced it had sold a 40% stake in its Columbia Gas Transmission pipeline subsidiary to Global Infrastructure Partners for $3.9 billion (see TC Energy Sells 40% Interest in Columbia Pipeline to Investor GIP). Yesterday, a portion of the Columbia Gas Transmission pipeline in rural western Virginia–in Shenandoah…
Read More...We spotted an announcement about new deliveries of natural gas beginning to flow to three new natural gas-fired power plant units owned and operated by the Tennessee Valley Authority (TVA) in Colbert County, Alabama. After pulling on a number of threads and researching it, we discovered there is a connection to the Marcellus/Utica. Black Bear…
Read More...Douglas is a small town in southern Worcester County, Massachusetts. The population was 8,983 at the 2020 census. It includes the sizable Douglas State Forest, managed by the Department of Conservation and Recreation (DCR), and not much else. Douglas desperately needs new businesses to move in to help with the tax base, but with no…
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