Industrywide Issues

Anti Groups Ask PA to Reject Shell Cracker Air Permit Modification

Radical anti-fossil fuel groups have not given up hope they can somehow, at the last minute, block the $10 billion Shell ethane cracker plant (about a year from being completed) from ever starting up. Perhaps Biden’s “victory” has given them a little boost of irrational exuberance? In 2015 the Pennsylvania Dept. of Environmental Protection (DEP)

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PA DEP Continues to Push Carbon Tax via Public Hearings

Pennsylvania Gov. Tom Wolf and his Dept. of Environmental Protection (DEP) continue to push a plan that will raise Pennsylvania residents’ electric rates by 50% or more, a carbon tax plan called the Regional Greenhouse Gas Initiative (RGGI). The DEP will conduct 10 three-hour virtual public hearings between Dec. 8 and 14. There will be

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President Trump Replaces Neil Chatterjee as FERC Chairman

In something of a surprise for us, last week as the election returns continued to roll in and votes were counted (or miscounted, in a number of cases), President Trump demoted or fired several top agency heads. One of them was at the Federal Energy Regulatory Commission (FERC). Trump demoted FERC Chairman Neil Chatterjee and

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Montage Resources Releases Last Quarterly Update – Merging Next Wk

After a shareholder vote scheduled for next Thursday, Nov. 12, Montage Resources will be no more. The company is selling itself to Southwestern Energy in an all-stock deal worth $857 million (see Stop Press! Southwestern Energy Buying Montage Resources for $857M). Yesterday Montage issued what will be its very last quarterly update. What does the

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PEDF Continues Effort to End Marc. Production on PA State Land

The radicalized Pennsylvania Environmental Defense Foundation (PEDF) never gives up. In June 2017, the PEDF won a case at the PA Supreme Court by the skin of their teeth (see PA Supreme Court Hands Antis Partial Victory re State Land Drilling). The case dealt with the narrow issue of how PA can spend revenue raised

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Sierra Club Files Another Lawsuit to Block MVP’s FWS Permit

The Sierra Club, backed with money from Russia (see Anti-American Sierra Club, NRDC Get Funding from Russia), has filed yet another lawsuit attempting to block construction of the final 8% of Mountain Valley Pipeline (MVP) by asking the courts to overturn the latest permit issued by the U.S. Fish and Wildlife Service (FWS).This post appeared

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How Fast the Mighty (NatGas Prices) Have Fallen – NYMEX @ $3.05

Last week we were jazzed when noticed the price of natural gas at the NYMEX Henry Hub had soared, up over $0.30 to $3.30/Mcf (see NYMEX Henry Hub NatGas Price Shoots Up to $3.30 for December). Apparently what goes up that quickly can down just as quickly. Yesterday the price closed at $3.05/Mcf. Why?This post

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EPA Asks DOJ to Investigate Green Groups $$ from Russia, China

Here’s something we didn’t know (to further depress us): It’s not against the law for American-based nonprofits to accept big contributions from foreign entities. It should be against the law, but it’s not. We previously told you that the Sierra Club and National Resources Defense Council (NRDC) are funded, in part, by Russia (see Anti-American

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Williams Record M-U Volumes, Early Startup for SET, Leidy South

During the Williams third-quarter 2020 update yesterday, CEO Alan Armstrong shared some very interesting, and relevant (to the Marcellus/Utica) comments. Armstrong said that two important pipeline projects to carry M-U gas to other markets, the Southeastern Trail expansion project and the Leidy South project, are both in the midst of coming online–ahead of schedule.This post

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Mountain Valley Pipe Date Delayed to 2H21, Cost Rises to $6B

Equitrans Midstream, the lead partner and builder of the 303-mile Mountain Valley Pipeline (MVP) project, announced yesterday it has (once again) pushed back the in-service date for the pipeline, from 1Q21 to the second half of 2021 (meaning by December), and pushed up the cost of the project, from $5.4 billion to as high as

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Fortress Truck/Rail Terminal on Dela. River to Export LPG in 2021

We’ve written plenty about a plan by New Fortress Energy to build an LNG liquefaction plant in Bradford County, PA (northeastern part of the state), and then haul the LNG from the plant via specially-outfitted trucks and rail cars to a transloading dock/port facility New Fortress plans to build at an old DuPont dynamite factory

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TGP Fined $800K in Massachusetts for Pipe Project Done Years Ago

Mass. AG Maura Healey Corrupt Massachusetts Attorney General, Maura Healey, is forcing Tennessee Gas Pipeline (TGP) to pay the state $800,000 for alleged violations of environmental laws that happened three years ago while building a couple of miles of pipeline through a state forest. The “damage” was done in 2017. Does Healey have nothing better

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Warren Buffett’s Berkshire Hathaway Now Runs Cove Point LNG!

In July, when Dominion Energy announced it had decided to exit the natural gas pipeline business by selling it to Warren Buffett and cancel the much-needed Atlantic Coast Pipeline project, the company said it would retain a 50% ownership in its Cove Point LNG export facility and sell a 25% interest to Buffett’s company (see

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Southwestern Expects to Close on Montage Purchase Nov. 12

Southwestern Energy Company released its third-quarter 2020 update last Friday. The company previously announced it is buying out and merging in Marcellus/Utica driller Montage Resources. During the 3Q conference call, CEO Bill Way said the company expects to close on the deal immediately after Montage Resources shareholders vote on the deal November 12. Also from

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PA DEP Massive Shale Permit Fee Affects Drilling, PA Economy

In August Pennsylvania hiked its permit fee to drill a new shale well to be the most expensive of any state in the country, from $5,000 to $12,500 (see Permit Fee to Drill PA Shale Well Officially Went Up 250% on Aug 1). New analysis by the non-partisan think tank Allegheny Institute for Public Policy

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