Chesapeake Energy Files For Chapter 11 Bankruptcy Protection

To end an incredibly busy month, Chesapeake Energy filed for Chapter 11 Bankruptcy protection.  In my latest article for Forbes.com, I hope that Chesapeake’s filing causes the industry to look inward and to better police itself.

Click here to read the article.

Questions? Let me know.

Daniel Markind of Flaster Greenberg
Daniel Markind is a shareholder at Flaster Greenberg PC with over 35 years of experience as a real estate and corporate transactional attorney. He has represented individuals and companies in the energy industry for over 20 years. Dan is a frequent lecturer on Marcellus Shale and other mineral extraction issues and is regularly asked to speak at conferences, in the media and at other venues regarding energy issues and their legal and political implications.

Forbes.com Article: China/India Conflict Only Highlights The Continued Importance Of American Energy Development

In a period of great dislocation where the world seems to change every day, the India-China frontier is the latest flash-point. In my new article on Forbes.com, read how our politicizing and delaying our infrastructure build-out is hurting our national interests in South Asia as well as the world’s environment on Forbes.com for more.

Click here to read more.

Questions? Let me know.

Daniel Markind of Flaster Greenberg
Daniel Markind is a shareholder at Flaster Greenberg PC with over 35 years of experience as a real estate and corporate transactional attorney. He has represented individuals and companies in the energy industry for over 20 years. Dan is a frequent lecturer on Marcellus Shale and other mineral extraction issues and is regularly asked to speak at conferences, in the media and at other venues regarding energy issues and their legal and political implications.

 

 

Natural Gas Pipelines: Will Prior Decisions Come Back to Haunt Governors Cuomo & Wolf?

Huge metal gas pipeline transporting gas

The controversy about natural gas pipelines took another twist during the last two weeks. In my latest article, read how two Northeast governors face major challenges over very different pipeline decisions that could impact both of their administrations.

Click here to read more on Forbes.com.

Questions? Let me know.

Daniel Markind of Flaster Greenberg

Daniel Markind is a shareholder at Flaster Greenberg PC with over 35 years of experience as a real estate and corporate transactional attorney. He has represented individuals and companies in the energy industry for over 20 years. Dan is a frequent lecturer on Marcellus Shale and other mineral extraction issues and is regularly asked to speak at conferences, in the media and at other venues regarding energy issues and their legal and political implications.

New Developments in the Energy World

A lot has happened in the energy world in the past few weeks. Below is a brief summary of my two recent articles for Forbes.com highlighting these recent developments. As always, if you have any questions, feel free to reach out.

Are Northern California’s Blackouts An Image Of Our Energy Future?

Starting Wednesday, October 9, Californians in 34 counties had their power suspended by PG&E, which filed for Chapter 7 bankruptcy protection in January in the face of huge potential liability over the 2018 fires. Is this a glimpse into the future for the rest of the country?

Click here to read more.

Cyprus Launches Drones To Monitor Turkish Gas Drilling In Mediterranean

Last week, the nation of Cyprus deployed drones to monitor Turkish attempts to drill for natural gas in waters claimed by the divided nation. Turkey’s action added to the tension in a region already roiling from the migrant problem, the recent Turkish invasion of Syria, and the overall Middle East uncertainty. The implications for energy and aviation, as well as world security, could be enormous.

Click here to read more.

Questions? Let me know.

Daniel Markind of Flaster Greenberg

Daniel Markind is a shareholder at Flaster Greenberg PC with over 35 years of experience as a real estate and corporate transactional attorney. He has represented individuals and companies in the energy industry for over 20 years. Dan is a frequent lecturer on Marcellus Shale and other mineral extraction issues and is regularly asked to speak at conferences, in the media and at other venues regarding energy issues and their legal and political implications.

NESE Rejected

At 8:30 p.m. yesterday, the State of New York Department of Environmental Conservation rejected Williams Corporation’s proposal for the Northeast Supply Enhancement (NESE) natural gas pipeline. Citing potential water contamination from the project, which mostly would run into New York Bay, the DEC refused to issue the required Section 401 Clean Streams Certification.

The decision was made “without prejudice,” meaning Williams can resubmit its application. The company said it planned to do so.

In reaction to the DEC decision, the two power companies that serve New York City and Long Island, National Grid and Consolidated Edison, are expected to follow through on their moratoria against any new gas hookups in practically the entire New York City metropolitan area within New York State. Among other things, that means that a planned new arena for the New York Islanders ice hockey team to be located in Elmont, New York likely is dead.

A more interesting question will be how this move affects New York City’s bond rating as a whole. Without available new natural gas service, will the rating agencies feel as confident about Downstate New York’s future growth potential?

All of this, and many other questions, remain to be answered.

Questions? Let me know.

Daniel Markind of Flaster Greenberg

Daniel Markind is a shareholder at Flaster Greenberg PC with over 35 years of experience as a real estate and corporate transactional attorney. He has represented individuals and companies in the energy industry for over 20 years. Dan is a frequent lecturer on Marcellus Shale and other mineral extraction issues and is regularly asked to speak at conferences, in the media and at other venues regarding energy issues and their legal and political implications.