Tagged EQT

PA Appeals Court Clears Way for EQT to Drill Jefferson Hills Well

In December 2015 MDN told you about EQT’s application to drill a single shale well in Jefferson Hills (Allegheny County), PA (see Jefferson Hills, PA Antis Oppose EQT Well Near Future School Site). The well would be drilled “near” where a new school is due to be built, which provided anti-fossil fuelers with an excuse…

Heinz Endowments Attack on Shale Rebuffed by Court

Tom Shepstone Shepstone Management Company, Inc.     The Heinz Endowments has led the attack of the gentry class on economic opportunity in Pennsylvania but was rebuffed by a recent Commonwealth Court decision. Good news! The Pennsylvania Commonwealth Court slapped down the Heinz Endowments in a decision released yesterday. No, the Heinz Endowments isn’t mentioned…

DEP Appeals $4.5M Wastewater Leak Fine Against EQT to Supremes

There’s a reason hospitals and court rooms are frequently the settings for soap operas on TV–there’s always so much drama surrounding medicine and the law–the latter of which is our focus today. In January MDN reported what seemed like the final chapter in a long, drawn-out case between Marcellus driller EQT and the Pennsylvania Dept….

Young Professionals Invited to EIConnect

Charles A. Schliebs Managing Director, Stone Pier Capital Advisors, LP   …. … The Pittsburgh Energy Innovation Center invites young professionals to the first meeting of EIConnect and learn from the experts in the energy industry. The Pittsburgh Energy Innovation Center (EIC) has established EIConnect, an educational and networking organization for young professionals, mostly in but also…

WV Supreme Court Post-Production Royalty Case Hinges on 3 Words

Yesterday the five justices of the West Virginia Supreme Court reheard a case involving post-production deductions from royalty payments. Last week we reported that the court *might* rehear the case this week–if they didn’t grant a late-breaking motion to dismiss the rehearing (see WV Supreme Court to Rehear EQT Post Production Royalty Case, Maybe). In…

WV Forced Pooling Lite Not Dead Yet – EQT Wants Special Session

In early April MDN reported that West Virginia’s effort to pass a law dealing with co-tenancy and joint development–what we called forced pooling lite–had gone up in pot smoke (see WV Force Pooling Lite Goes Down in Flames – Lawmakers Blame Pot). Legislators in the House go bogged down debating pot smoking and didn’t have…

EQT 1Q17: Production Up 6%, Revenue Up 2,829%

EQT, one of the biggest drillers in the Marcellus/Utica, had quite a ride in 2016. A good ride! In the last 10 months EQT has added 220,000 acres to its Marcellus/Utica portfolio–by buying large tracts from other companies. One of the deals included buying the other company (Trans Energy) lock, stock and barrel (see EQT…

WV Supreme Court to Rehear EQT Post Production Royalty Case, Maybe

More twists and turns to report with respect to an issue we previously reported with the potential to impact every mineral rights owner and driller in West Virginia. In December MDN reported on the huge West Virginia Supreme Court decision against driller EQT that disallows EQT from deducting post-production expenses from royalty checks, even with…

Mountain Valley Pipeline plans moving forward

The Mountain Valley Pipeline, which will be co-owned by Pittsburgh-based EQT Midstream Partners, is expected to receive a key environmental impact statement from federal regulators within the next two months. EQT Midstream Partners (NYSE: EQM) said in a statement accompanying the company’s first-quarter earnings that it should receive the Final Environmental Impact Statement from the…

Virginia DEQ Plans to Give 2 Pipeline Projects Detailed Exam

The Virginia Department of Environmental Quality (DEQ) announced yesterday that it would require water quality certifications under Section 401 of the federal Clean Water Act for each segment of both the Atlantic Coast Pipeline project (Dominion) and the Mountain Valley Pipeline project (EQT & NextEra Energy). Apparently the DEQ considered using the U.S. Army Corps…

FERC Delays Final EIS for Mountain Valley Pipeline by 3 Months

The Mountain Valley Pipeline (MVP) is a $3.5 billion, 301-mile pipeline that will run from Wetzel County, WV to the Transco Pipeline in Pittsylvania County, VA. The project, which filed an official application with the Federal Energy Regulatory Commission in October 2015, is being built by EQT, NextEra Energy and several other partners. The project…

Judge Certifies Royalty Class Action Against EQT, CONSOL in VA

This is a story we have not previously covered on MDN. It goes back to 2010 and involves two of the biggest Marcellus/Utica drillers–although in this case the issue is not related to the Marcellus/Utica. Landowners in southwestern Virginia previously sued both EQT and CONSOL Energy’s CNX subsidiary over charges that EQT and CNX shorted…

WV DEP Grants Mountain Valley Pipeline Water Crossing Permit

The Mountain Valley Pipeline (MVP) is a $3.5 billion, 301-mile pipeline that will run from Wetzel County, WV to the Transco Pipeline in Pittsylvania County, VA. The project, which filed an official application with the Federal Energy Regulatory Commission in October 2015, is being built by EQT, NextEra Energy and several other partners. The project…

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