Bill desRosiers
External Affairs Coordinator, Cabot Oil & Gas

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The Shale Gas News, heard every Saturday at 10 AM on 94.3 FM, 1510 AM, 1600 AM, 104.1 FM and Sundays on YesFM, talked about emissions, OPEC, LNG exports and much more last week.

The Shale Gas News has grown again to the Williamsport area on stations WEJS 1600 AM & 104.1 FM. The Shale Gas News is now broadcasting in Bradford, Lackawanna, Lancaster, Lebanon, Luzerne, Lycoming, Pike, Sullivan, Susquehanna, Tioga and Wayne Counties, as well as in greater central PA and now the Williamsport area. The Shale Gas News is aired on Saturday or Sunday depending on the station.

Every Saturday Rusty Fender, Matt Henderson and I host a morning radio show to discuss all things shale gas. This week, as a guest, we had Tom Pyle of the American Energy Alliance and Institute for Energy Research..

The Shale Gas News, typically, is broadcast live. On the August 14th show (click above), we covered the following new natural gas territory (see news excerpts below):

• API, Energy Industry Look to Partner in Reducing GHG Emissions as Scientists Sound Alarm. American Petroleum Institute (API) spokesperson Bethany Aronhalt told NGI that the oil and gas industry is working to combat the rise in greenhouse gas (GHG) emissions.  The Intergovernmental Panel on Climate Change (IPCC), created by the United Nations (UN), issued a dire assessment on the state of the planet on Monday. The compilation overseen by 234 scientific experts made clear that man-made GHG emissions pose an existential threat to Earth.
• ‘Stay out of the way’: Oil states urge Biden to uncork U.S. drilling instead of turning to OPEC. Republican leaders in oil-and-gas states want President Biden to get behind domestic producers instead of pleading with foreign governments to pump more crude as the administration seeks to counter surging fuel prices. Texas Gov. Greg Abbott advised the White House to “stay out of the way” after the administration announced Wednesday that it would ask OPEC and leading non-OPEC oil producers to boost their output in a bid to drive down world prices. “Dear White House,” Mr. Abbott tweeted Wednesday. “Texas can do this. Our producers can easily produce that oil if your administration will just stay out of the way. Allow American workers — not OPEC — [to] produce the oil that can reduce the price of gasoline.”
• Biden’s Plan To Outsource The U.S. Oil And Gas Industry. It is not a revelation to discover that the Biden administration intends to phase out the U.S. oil and gas industry. But it is astonishing to see how quickly it is moving to accomplish this, while sending production abroad to producers in Russia and Middle Eastern nations whose commitment to reduce greenhouse gases is at best questionable.
• Oil billionaire Dan Wilks bulks up stake in NexTier Oilfield Solutions.  Billionaire oilman Dan Wilks increased his stake in NexTier Oilfield Solutions (NEX.N), according to a regulatory filing on Thursday, his latest purchase in the hard-hit oilfield services industry.  Oilfield equipment and service companies were among the worst performing sector of the energy business as the COVID-19 pandemic cut oil demand. Wilks, who made his fortune on the U.S. shale boom through a Texas oil trucking firm with his brother, is betting the sector has bottomed, say analysts
• United States Led Global LNG Exports Higher Through May, IEA Says. IEA in its latest monthly report said gross natural gas consumption increased 7.4% year/year to 125.9 million cubic meters (MMcm) in developed nations, defined as the Organization for Economic Cooperation and Development (OECD) members. While natural gas demand has increased slightly throughout the pandemic, it’s seen another bump this year as economies rebound from the Covid-19 virus.
• New study touts Gulf oil industry’s contributions to U.S. economy. Gulf of Mexico oil and gas development supported 345,000 jobs in the U.S. and contributed $28.7 billion to the nation’s economy in 2019, an new industry study estimates. The study, released Thursday by the National Ocean Industries Association, says those numbers are projected to grow. But officials say whether that happens depends in large part on efforts by the Biden administration and other political leaders to reduce the pollution, rising seas and other ill effects greenhouse gasses from fossil fuels are wreaking on the planet.
• Minor Pipeline Leak at Ohio Injection Well Now Fixed. On June 24, the operator of the SOS D-2 injection well in Cambridge, Ohio (Guernsey County) reported a small release from a pipeline that transfers fluid from a storage tank to the injection well. The well’s owner/operator, Silcor Oilfield Services Inc., immediately contained the leak (see Minor Pipeline Leak at Cambridge, OH Injection Well). The Ohio Dept. of Natural Resources (ODNR), which is overseeing remediation of the affected area and repair of the line, says the line is now fully repaired, tested, and (as of July 7) back online and in service.

The Shale Gas News sponsored by Linde Corporation