Daily Archives: June 9, 2017

Report: Divesting from Fossil Fuels Could Cost Pensioners Trillions

A new study commissioned by the Independent Petroleum Association of America shows pension funds divested from fossil fuel securities would result in a $4.9 trillion loss over a 50-year period. Prof. Daniel Fischel of the University of Chicago Law School along with Compass Lexecon’s Christopher Fiore and Todd Kendall analyzed the nation’s top 11 pension…

Amazing: Cabot O&G Invests $4.6 BILLION in One PA County in 10 Yrs

Something truly amazing is happening in rural Susquehanna County, PA, nestled in the northeastern corner of the state (shares a border with Broome County, NY, where MDN is located). At a special event yesterday held in Montrose, the county seat, Cabot Oil & Gas announced a major milestone. Cabot has, over the past ten years,…

‘Wayawanda Six’ Convicted of Illegally Blocking NY Power Plant Project

For last couple of years, MDN has reported on a $900 million Marcellus gas-fired electric generating plant coming to Orange County, NY (see Orange County, NY Marcellus-Fired Electric Plant OK’d by Judge). The CPV (Competitive Power Ventures) Valley Energy Center project has been vigorously opposed by local anti-drilling ninny nannies, including Hollywood star James Cromwell….

Dela. Riverkeeper Loses Martian Case to Stop Rex Energy Drilling

THE Delaware Riverkeeper (i.e. Maya van Rossum) and a small group of anti-drilling parents from the Mars School District (“Martians”) in Butler County, PA, have just suffered a crushing defeat in their years-long battle to prevent Rex Energy from drilling wells “near” a local school. Backed by money and legal help from Philadelphia Big Green…

UTOPIA NGL Pipeline Under Construction, Should be Online Jan 2018

In January 2016, Kinder Morgan (KM) committed to building the UTOPIA (Utica To Ontario Pipeline Access) pipeline, a 12-inch ethane pipeline that will run ~240 miles across the state of Ohio where it will connect with another pipeline and (eventually) flow ethane all the way to a cracker plant in Canada (see Kinder Morgan Ready…

NEXUS Pipe Revved Like a Race Car, Waiting for FERC Green Flag

NEXUS is a $2 billion, 255-mile interstate natural gas pipeline that will run from Ohio through Michigan and eventually to the Dawn Hub in Ontario, Canada. Its purpose is to move Utica and Marcellus Shale gas from an over-saturated market in the northeast to markets in the Midwest and Canada. It is a joint venture…

NG Advantage Virtual Pipe “Done Deal” in Broome County, Antis Stymied

MDN recently told you about a proposed “virtual pipeline” (i.e. trucking system) coming to MDN’s neighborhood. NG Advantage wants to build a new compressor station and tap into the Millennium Pipeline where it crosses the Chenango River near Port Dickinson, a suburb of Binghamton, in Broome County (see NG Advantage Virtual Pipeline May be Coming…

Funny: Anti-Fracking Copycat Protest Camp in OH Lasts One Weekend

We’ve all heard and read about the massive protest camp that formed in North Dakota (see Dakota Access Pipeline Protesters Turn Violent; Coming Here Next?). When they finally left their illegal encampment, they left behind an ecological disaster–mountains of garbage–sticking federal taxpayers with a $1.1 million bill to clean it up. It cost the citizens…

Homeless Shelter, Drug Program, Others Get PennEast Pipe Largesse

PennEast Pipeline has just released a list of 11 non-profit organizations receiving grants of “up to” $5,000 from the pipeline company. It’s not the first time (see our PennEast grant stories here). In fact, by our count, this is the eighth round of community grants given by PennEast. So far the company has handed out…

Southwestern Energy CFO Craig Owen Leaving for Rosehill Resources

Southwestern Energy, a huge driller which operates mainly in the Marcellus/Utica region, is losing its chief financial officer, Craig Owen, to a “non-competing” driller, Rosehill Resources. Rosehill drills in Texas and New Mexico, focusing on the giant Permian Basin oil play. Apparently Rosehill made Owen an offer he couldn’t refuse. We certainly don’t take this…

Marcellus & Utica Shale Story Links: Fri, Jun 9, 2017

The “best of the rest” – stories that caught MDN’s eye that you may be interested in reading. In today’s lineup: Ohio testing drinking water wells near Rover Pipeline; OH voters reject bailouts for nuclear power; OH Utica well permits recover in May; PA Senate approves bill to promote more use of natgas vehicles; WV severance tax helping…

Cabot Pushes Out Over $1 Billion To Local Landowners

George Stark Director, External Affairs at Cabot Oil & Gas . .. Cabot Oil & Gas has paid out over $1 billon in royalties to landowners and nearly $500 million in bonuses in their 10 years of operating in this region. During an update to the community and elected officials, I had the pleasure to…

Where Are Those Fractivist Clowns Now?

Victor Furman Upstate New York Landowner Shale Gas Activist …. ….   NIMBY opponents to a NG Advantage facility in Fenton are forced to face reality; it is the alternative to pipelines certain fractivist clowns had stopped. There was another meeting in the Town ff Fenton, Broome County, New York, the other night on the subject…

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