In August 2022, MDN brought you the news that Hearthstone Utilities, a Naperville, Illinois-based company, was planning to move its corporate headquarters to Morgantown, West Virginia (see Hearthstone Utilities Moving HQ to WV to Leverage Marcellus/Utica). The move finally happened in June of this year (see Utility Co. Hope Gas Transfers HQ from Illinois to…
Read More...New shale permits issued for Sep 25 – Oct 1 in the Marcellus/Utica were up a few ticks from the previous week. There were 23 new permits issued last week, up from 21 permits issued two weeks ago. Last week’s permit tally included 10 new permits in Pennsylvania, no new permits in Ohio, and a…
Read More...The left thought it had won the Mountain Valley Pipeline (MVP) battle with three colluding (corrupt) and sympathetic judges from the U.S. Court of Appeals for the Fourth Circuit (4th Circuit). But then Congress, under the leadership of House Speaker Kevin McCarthy, passed the “debt ceiling” bill that forces the completion of MVP (see Equitrans…
Read More...Hope Gas, a Local Distribution Company (LDC), otherwise known as a utility company, provides gas service to approximately 112,000 residential, industrial, and commercial customers in thirty-five West Virginia counties. In January, Hope announced it was buying the West Virginia division of Peoples Gas, currently owned by Essential Utilities, for an undisclosed amount (see Hope Gas…
Read More...Waco Oil & Gas Co., Inc., headquartered in Glenville (Gilmer County), WV, signed a proposed consent decree (settlement agreement) with the West Virginia Dept. of Environmental Protection and the federal Environmental Protection Agency (EPA) to settle an “alleged” charge of violating the federal Clean Water Act and West Virginia state law for “unauthorized discharges of…
Read More...In the fall of 2021, President Biden signed into law the so-called Infrastructure bill, some $1.2 trillion in pork barrel spending, passed with the help of turncoat Republicans (see Biden So-Called $1.2T Infrastructure Bill Passes Thanks to RINOs). Only about 9% of the $1.2 trillion will go to actual infrastructure projects like roads and bridges….
Read More...Two weeks ago, the U.S. rig count erased a couple of weeks of anemic gains by dropping 11 rigs from the total, sinking to 630 active rigs, the lowest count since February of 2022 (see Dead Cat Bounce? U.S. Rig Count Cut 11 @ 630, M-U Stays Even @ 39). The active count in the…
Read More...In an administration full of destructive regulatory actions and legislation targeting fossil energy for extinction, the so-called Inflation Reduction Act (IRA) stands out as one of the worst. The IRA was made possible by a traitorous vote by West Virginia Democrat U.S. Senator Joe Manchin (see Tragedy: Joe Manchin Caves & Agrees to Big Green…
Read More...New shale permits issued for Sep 18 – 24 in the Marcellus/Utica were roughly the same as the prior week. There were 21 new permits issued last week, down 1 from permits issued two weeks ago. Last week’s permit tally included 11 new permits in Pennsylvania, 4 new permits in Ohio, and 6 new permits…
Read More...Hope Gas, a Local Distribution Company (LDC) or a utility company, provides gas service to approximately 112,000 residential, industrial, and commercial customers in thirty-five West Virginia counties. Hope Gas recently received approval from the Public Service Commission (PSC) of West Virginia to acquire nearly 900 miles of gathering pipelines in northern West Virginia from Equitrans…
Read More...Braskem, the largest petrochemical company in Latin America (headquartered in Brazil), and its parent company Odebrecht were, at one time, hot-to-trot to build a multi-billion dollar ethane cracker near Parkersburg, WV. Back in 2015, Braskem purchased the 374-acre site that was formerly the SABIC/GE property from Appalachian Shale Cracker Enterprise for $10.9 million. Then things…
Read More...Two weeks ago, the U.S. rotary rig count rose nine after rising by one the week before that (see Hit Bottom? U.S. Rig Count Up 9 at 641, M-U Stays Even at 39). We’re suggesting those two weeks of increases were, perhaps, the proverbial “dead cat bounce,” meaning even a dead cat will bounce a…
Read More...New shale permits issued for Sep 11 – 17 in the Marcellus/Utica rebounded. There were 22 new permits issued last week, up from 14 issued two weeks ago. But the increase came from an unlikely source. Last week’s permit tally included 9 new permits in Pennsylvania, 1 new permit in Ohio, and 12 new permits…
Read More...Michael Bloomberg, the eleventh richest person in the world (with an ego to match his enormous wealth), has already spent $500 million of his personal fortune to shut down coal plants operating in the U.S. (but not anywhere else, like China). Yesterday, Bloomberg pledged to spend another $500 million to finish the job. He also…
Read More...The old Energy Harbor coal-fired power plant in Pleasants County, WV, which had been offline since June 1 and was scheduled to be demolished, recently roared back to life under new ownership (see WV Coal Power Plant Roars Back to Life, Will Convert to Hydrogen). Omnis Fuel Technologies invested $800 million to restart operations at…
Read More...