EQT recently closed on the $125 sale of non-core assets in the Appalachian Basin to Diversified Gas and Oil PLC, according to Kallanish Energy. The deal includes potential contingent considerations of up to an additional $20 million, based on future commodity prices. It also relieves EQT of about $47 million in asset retirement obligations and
Read More...Tom ShepstoneShepstone Management Company, Inc. . … Natural gas has reduced emissions on every score, including CO2 emissions, a fact the Church of Climate should love but it’s an anti-gas cult so… The “Church of Climate” is a wonderful term. Nick Delullis is the president and CEO of CNX Resources Corporation. I wrote about him
Read More...Natalie DeCarioExternal Affairs Coordinator, Cabot Oil & Gas … … [Editor Comment: Camp Freedom helps heal disabled veteran heroes and others and is the beneficiary of Cabot donated pipe it is using for fencing. It doesn’t get better!] In February, Cabot made a significant donation of drilling pipe earmarked for the salvage yard to the managers
Read More...Rick HidukManaging Editor of EndlessMtnLifestyles.com … … [The Endless Mountains Health System (known simply as EMHS locally) is unique in that it also operates a food bank with a little help from its friends.] Endless Mountains Health Systems (EMHS) joined a growing number of organizations in Susquehanna County, in July 2019, to help curb food
Read More...A recent report from Tudor Pickering Holt revealed the Marcellus Shale has dethroned the Permian Basin as the U.S. shale play with the most active fracking crews in the field, according to Seeking Alpha. The Marcellus Shale currently holds 31% total U.S. active frack crews in the field in May, followed by the oil-rich Permian
Read More...Ascent Resources, LLC recently announced Brooks M. Shughart has been named Executive Vice President — Chief Financial Officer, effective May 18, 2020, according to Yahoo Finance. Shughart will replace Jennifer M. Grigsby, who is reportedly leaving Ascent to pursue other interests. Shughart comes to Ascent from First Reserve, an energy-focused private equity fund. Shughart worked there for eight years,
Read More...Bill desRosiersExternal Affairs Coordinator, Cabot Oil & Gas … … The Shale Gas News, heard every Saturday at 10 AM on 94.3 FM, 1510 AM, 1600 AM, 104.1 FM and Sundays on YesFM, talked about shale oil production, rig counts, natural gas futures and much more last week. The Shale Gas News has grown again to the
Read More...EQT Corp. has started to reduce gas output in Pennsylvania and Ohio in response to lower demand caused by the coronavirus, which has cut the current prices for fuel, according to Reuters. EQT did not say how much gas it would curtail. However, U.S. pipeline company EQM Midstream Partners LP said in a federal securities
Read More...Residents of our region received some positive news Wednesday when it was learned that a local company has plans to build a gas-to-liquids facility in Saline Township in northern Jefferson County. Hammondsville-based Orin Holdings and county officials see a big potential for the facility, which would be located on 500 acres of ground that has
Read More...Tom ShepstoneShepstone Management Company, Inc. . … If you NESE was dead and all we’d ever see is a corpse on the New Jersey shore, you were wrong. The project is very much alive and again in front of NJ-DEP. NESE lives. Many thought it was dead and had sunk to the bottom of Raritan
Read More...Tom ShepstoneShepstone Management Company, Inc. . … Appalachian shale production has been nothing short of phenomenal and has set the stage for natural gas exports to soar via both LNG ships and pipelines. Yesterday, chatting with a pro-gas friend, we both remarked on the fact the solution to low prices is low prices, just as
Read More...Kurt KnausSpokesmanPennsylvania Energy Infrastructure Alliance … … Pennsylvania’s Commonwealth Court has rejected a Chester County Commissioners request for an injunction to halt completion of the Mariner East pipeline. Pennsylvania’s Commonwealth Court has ruled against Chester County Commissioners and their attempt to secure an injunction to stop construction of the Mariner East pipeline project. The petition
Read More...Montage Resources will cut capital spending by 44% this year in the Appalachian Basin, according to Kallanish Energy. The company plans on spending between $190 million and $210 million on capital spending. That estimate is down from the $357.5 million it recorded spending in the midpoint of 2019’s capital spending guidance. Montage Resources will be
Read More...Tom ShepstoneShepstone Management Company, Inc. . … The Philadelphia refinery sale proposed by the debtor makes no sense and unsecured creditors are calling out what may be some serious corruption. I wrote about the proposed bankruptcy sale of a Philadelphia refinery the other day noting things seemed awfully fishy. But, now the rot is becoming
Read More...Rick HidukManaging Editor of EndlessMtnLifestyles.com … … Congressman Fred Keller participated in an exposition, the other day, of how Marcellus Shale development has completely changed the career culture. Congressman Fred Keller (PA 12th District) and other elected officials got a first-hand look on Jan. 31 at the nearly completed CDL training facility at Susquehanna County
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