Back in the summer of 2020, MDN told you about a lawsuit brought by an Ohio rights owner called TERA, an organization that owns the royalty rights for a number of leases with wells in Belmont County, OH, drilled by different producers, suing the producers for drilling into the Point Pleasant shale layer when the…
Read More...Here’s a strange one we don’t quite understand. Yet. Two weeks ago we brought you the news that a jury in a federal court had decided a group of Utica shale drillers, including Rice Drilling (now EQT), Ascent Resources, XTO, and Gulfport Energy, were not guilty of “unjust enrichment” by drilling into the Point Pleasant…
Read More...Last December, Rice Acquisition Corp II, a special purpose acquisition company (SPAC) started by the Rice brothers (Danny, Toby, and… Continue reading The post Dan Rice’s Net-Zero CO2 Co. Gets $50M Investment from South Korea first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.
Read More...Last December, Rice Acquisition Corp II, a special purpose acquisition company (SPAC) started by the Rice brothers (Danny, Toby, and… Continue reading The post Dan Rice’s New “Net-Zero” CO2 Company Gets Extra $275M Investment first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.
Read More...In a case initially filed last summer in Ohio, a Belmont County mineral rights owner alleges that Rice Drilling (now… Continue reading The post OH Lawsuit Filed Against Utica Fracker Accuses Subsurface Trespass first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.
Read More...The Ohio Court of Appeals recently issued a decision in a case involving lease language about a “depth severance clause”… Continue reading The post Ohio Court of Appeals Upholds Depth Severance Clause in Shale Lease first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.
Read More...Yesterday MDN brought you the news that the company created and backed by Dan Rice (and his brothers), called Archaea… Continue reading The post Rice Boys’ Paycheck for Selling Renewable Energy Co? $975 Million first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.
Read More...We’ve heard of vegetable gardens. We’ve heard of flower gardens. We’ve heard of rose gardens. Remember the Lynn Anderson song,… Continue reading The post DEP Clips Rice (EQT) $147,250 for Polluting Rain Gardens in SWPA first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.
Read More...Two EQT Corp. shareholders filed a lawsuit in Allegheny (PA) County Court earlier this week against former top EQT executives and former EQT board members (from 2017) alleging management and the board vastly exaggerated cost reductions and operating efficiencies that would result from a $6.7 billion takeover/merger of Rice Energy. The lawsuit says the former
Read More...In June 2019 the Cambridge (Massachusetts) Retirement System sued EQT claiming EQT’s executives had made false and misleading statements about their 2017 purchase of Rice Energy–claims about cost efficiencies that never materialized, and claims about the location of Rice leases that were not as close to EQT’s acreage as claimed (see Mass. Retirement Fund Sues
Read More...In June MDN told you that the Cambridge (Massachusetts) Retirement System is not happy with their investment in EQT shares of stock, so they’re suing the company (see Mass. Retirement Fund Sues EQT for Plummeting Stock Price). They hope to turn the lawsuit into a class action on behalf of other shareholders. Now a group
Read More...After a bruising proxy fight, Toby and Derek Rice (formerly from Rice Energy) won control of EQT, the largest natural gas-producing company in the U.S. (see Rice Bros. Win Proxy War to Control EQT – Toby Rice New CEO). Toby Rice has been CEO for barely a month. He announced late last week that he
Read More...Tom ShepstoneShepstone Management Company, Inc. … … Toby Rice, the young, hard-charging guy who just won a war to take over EQT, the nation’s largest natural gas producer, wanted to drill in the DRBC region. Toby Rice is set to become the new CEO of the largest natural gas producer in the United States. He’s
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...Yesterday Toby and Derek Rice delivered a presentation to EQT investors in connection with EQT’s upcoming annual meeting of shareholders on July 10 (full copy below). The presentation and the accompanying press release take direct aim at EQT’s second quarter preliminary results and postulates that instead of a “free cash flow generating machine,” the final
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