Rice installs executives at EQT

The Pittsburgh Post-Gazette reports that EQT’s new CEO Toby Rice has appointed a slate of executives from his former company Rice Energy, Inc., including general counsel William Jordan, CIO Tony Duren and CHRO Lesley Evancho. Other key positions have been filled but were not yet named. These executives have been tasked with leading EQT through the transition period and implementing Mr. Rice’s proposed 100-day plan. Read the full story, including market and production goals and Mr. Rice’s thoughts on company culture.

Pennsylvania

Rice and his team are once again in control of EQT

Toby Rice sold Rice Energy Corp. to EQT Corp. in 2017. On Wednesday, July 10, 2019, as reported in the Pittsburgh Post-Gazette, after a nine-month campaign culminating in a shareholder vote, a majority Rice-nominated slate has taken over the board and installed Mr. Rice as CEO. EQT posted disastrous results in 3Q 2018, which is cited as a major catalyst for this change. Plans are under way for the transition and all involved are looking to a successful transformation. Read the full story.

Pennsylvania

Construction begins on critical Ashtabula County pipeline

Construction of the Ohio portion of the Risberg Line has begun, reports the Ashtabula Star Beacon. Once complete, the Risberg Line will flow 55 million cubic feet per day (MMcf/d) of gas from Pennsylvania to the northern tip of Ohio in Ashtabula County. It is expected that the pipeline will help address Ashtabula County’s natural gas needs. The county has suffered from a shortage of natural gas in the past which has impacted its ability to attract certain industries. RH energytrans, the company that will build and own the line, plans to finish construction in early summer. Read the full story.

Ohio, Pennsylvania

Nearly half of U.S. natural gas will come from the Ohio Valley by 2040, expanding development potential

Farm and Dairy reports the results of an IHS Markit study which point to an exponential increase in production from the Marcellus and Utica shale formations. According to the study, Ohio, Pennsylvania and West Virginia will supply nearly half of the nation’s natural gas by 2040. The study also quantifies cost advantages of producing natural gas liquids in the Midwest; projected savings are pushing petrochemical plants to look closely at the region for expansion and construction. Read the full story.

Ohio, Pennsylvania, West Virginia

$86 million Risberg Line project approved for construction

The $86 million Risberg Line project was approved by the Federal Energy Regulatory Commission on Dec. 14, according to Star Beacon. The project will extend the natural gas pipeline by 28 miles through northwest Ashtabula County and is expected to increase job opportunities and tax revenue for the surrounding areas. For more, read the full story.

Ohio, Pennsylvania

Live interview breaks down impacts of new Royal Dutch Shell plant

Dan Brockett, Extension Educator of the Penn State Extension, discussed the impending impacts of Royal Dutch Shell’s $6 billion ethane cracker plant near Monaca, Pa., including new construction and manufacturing jobs, in an interview with The Business Journal. He also discussed potential uses and geographic areas for the abundant polyethylene products created.

Pennsylvania

Transco Pipeline wins “precedential” eminent domain case

A small group of affected landowners in Lancaster County, PA opposed a new Transco Pipeline endeavor, the Atlantic Sunrise Pipeline project, and blocked its construction, according to Marcellus Drilling News. Transco originally sued and won thanks to the right of delegated eminent domain granted by the Federal Energy Regulatory Commission, but the case made its way to federal court. For more, read the full story

Pennsylvania

Shale Crescent recognizes regional goals

Greg Kozera, the director of marketing for Shale Crescent USA, recently penned an op-ed for The State Journal detailing his team’s progress towards achieving their dreams for the once economically depressed Shale Crescent Region. He chronicled their motivations, increased respect from the 2017 to 2018 World Petrochemical Conferences, and future actions. For more, read the full story.  

Ohio, Pennsylvania, West Virginia

Pennsylvania court upholds local land-use ordinance permitting “fracking”

A group of environmentally concerned residents challenged an Allegheny Township zoning ordinance that regulates where oil and gas drilling takes place after CNX Resources Corp. confirmed a drilling project in their county, according to Law360. A Pennsylvania appeals court decision threw out the challenge because it should have addressed the state agencies that issued the operating permits, not the municipality. For more, read the full story

Pennsylvania

Shell Chemicals will use two of the largest cranes in the world

Shell Chemicals acquired two of the largest cranes in the world to assist with significant heavy lifting components of its Potter Township ethane cracker plant site construction, according to The Times. The larger crane is 675 feet tall and can lift 3,500 tons at a time, and the other crane is 430 feet tall and can lift 3,000 tons a time, according to Shell Spokesman Joe Minnittee. For more, read the full story.

Pennsylvania
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