Court Battles Continue Over NEXUS Pipeline

By -
From The Canton Repository:
NEXUS Gas Transmission has federal approval to build its pipeline across Ohio, but it doesn’t hold rights to all of the land on the route. 
So, the company has gone to court, where a group of landowners hit back this week with their own lawsuit against the pipeline. 
NEXUS sued earlier this month to take temporary or permanent easements through eminent domain on 42 pieces of land in Stark, Summit, Wayne, Medina, Lorain, Sandusky, Wood and Erie counties. 
In its federal lawsuit, NEXUS said it negotiated easements on 97 percent of some 2,000 properties and made final offers to holdouts in September, but those landowners rejected or failed to respond to the company’s proposals. 
Many of the defendants are in Green, where landowners and the city have opposed the NEXUS project. 
NEXUS asked the court to let it immediately take the easements and start construction. Under the company’s plan, a three-person commission would decide later how much the company owes landowners. NEXUS said it would post a bond to ensure the property owners are paid.
Read the rest of that article by clicking here.

From WKYC:
An Ohio city is refusing to end its legal fight to move a high-pressure natural gas pipeline away from a community of 25,000 people. 
Officials in Green in southern Summit County are waging battles on different legal fronts against a partnership that has federal approval to begin construction of the $2 billion NEXUS pipeline. 
The partnership of Calgary, Canada-based Enbridge and Detroit's DTE Energy is poised to build a 255-mile-long pipeline capable of transporting 1.5-billion cubic feet of gas per day from Appalachian shale fields across northern Ohio and into Michigan and Canada. 
Green Mayor Gerard Neugebauer says he'll keep fighting to get the pipeline moved "as long as there is hope."
Click here to read that original article. 

Connect with us on Facebook and Twitter!

Popular posts from this blog

Fracktivist in Dimock Releases Carefully Edited Video, Refuses to Release the Rest

By -
Image
From Energy in Depth: There is something very strange going on along Carter Road, in Dimock, Pennsylvania, and I’m not speaking of natural gas, methane migration, contamination, litigation or even the extensive water testing there by the EPA and others.  No, I’m talking about a new “Watergate” conspiracy, complete with 18 minutes of missing tape (well, video, actually). It seems the ever-present Green Party member and  naturist   Vera Scroggins  (a/k/a  Vera Duerga ) has posted a video of Craig Sautner meeting with the EPA.  Mysteriously, the video is but 14 seconds in length, cutting off conversation in what is obviously mid-stream.  It raises a question Craig Sautner, like  Ronald Reagan in Kings Row , might have asked, “Where’s the rest of me?’  Carter Road, isn’t Kings Row, of course, (at least not until you arrive at  the mansion Scott Ely, one of the Dimock litigants, is building with his royalty money ), but there appears to be a whole lot of film editing going on there to fi
Read more

The Second Largest Oil and Gas Merger - Cabot and Cimarex

By -
Image
       Due to investor pressure, the U.S shale drillers are being pushed to improve financial and operational performance after a few years of poor returns. Even though the industry has improved its numbers, when compared to last year, investors still want more to be done for them to earn more money.      That's why two mid-tier shale drillers, Cabot and Climarex, have decided to merge in order to eliminate $100 million in annual costs, which means more money for the investors. This all-stock transaction is valued at about $7.4 billion, which is relatively high for the oil and gas sector.      The new entity will be renamed and the headquarters located in Houston, Texas. Cabot shareholders will own 49.5 percent of the new entity, and Climarex the rest.       The Cimarex-Cabot merger will address the investor's demand for a higher amount of returning cash. The initial plan is to pay a 50-cent-per-share special dividend on closing the deal while offering a quarterly variable div
Read more

Is a Strong Oil Demand Expected This Year?

By -
Image
  According to the world's largest oil traders, global oil demand is set for a rebound. Between now and the end of 2022, global consumption is expected to increase by up to 8 million barrels each day. Vitol Group, the world's largest oil trader, supports this statement.  In an interview with Bloomberg, Vitol's chief executive Russell Hardy said, "We'll need all eight cylinders to get through 2022". This, of course, is due to the lower than average demand for oil at the moment. Reopening economies and Asian markets will create a strong demand rebound by the end of this year and in 2022.  Although the demand for jet fuel will slowly increase, it will still be below average at the end of the year. Nevertheless, a surge in petrochemicals will offset the expected delay in jet fuel demand. Last year, the oil surplus reached a record of 1 billion barrels. This excess is already more than halfway drained, and experts believe it will be depleted by the third quarter th
Read more