Shale Gas News – December 11, 2021

shale gas news
Bill desRosiers
External Affairs Coordinator, Coterra Energy
Host, Shale Gas News

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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 U.S. LNG, pipeline transportation, Devon Energy 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 we played part 1 of an interview called Leadership Dialogue: American Infrastructure and the New Energy Economy.

The Shale Gas News, typically, is broadcast live. On the December 11th show (click above), we covered the following new natural gas territory (see news excerpts below):

US to Be LNG Top Dog by End of 2022. In 2020, the US was in third place, behind Australia and Qatar. The EIA expects US peak capacity to reach 13.9 billion cubic feet per day by the end of next year. It put Australian capacity at 11.4 bcf per day and Qatar at 10.4 bcf per day. Driving the US increase will be Train 6 Sabine Pass and Calcasieu Pass. The Sabine Pass addition will provide another 0.76 bcf per day, while Calcasieu Pass will 1.6 bcf per day – or 12 million tonnes per year.
Pipeline Transportation Market Is Expected to Reach $34.8 Billion by 2030: Says AMR. Portland, OR, Dec. 09, 2021 (GLOBE NEWSWIRE) — According to the report published by Allied Market Research, the global pipeline transportation market was estimated at $16.3 billion in 2020 and is expected to hit $34.8 billion by 2030, registering a CAGR of 7.9% from 2021 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and varying market trends.
Accelerate Energy Transition While Recognizing Role Of Oil And Gas, Industry Bosses Say. The 23rd World Petroleum Congress (WPC) – widely regarded as the oil and gas industry’s most prestigious and high profile global event – returned to Houston, Texas, US on December 5, 2021 in a materially different setting compared to past outings. Described as the “Olympics” of the oil and gas business, the WPC has been held since London hosted the first round in 1933. When it was last in Houston in 1987 for the 12th WPC, the town took pride in calling itself the oil and gas capital of the world.
JP Morgan Predicts The End Of Covid, A Strong Economy, And $125 Oil. Next year could lay the foundation for “a far more vibrant economic environment” and COVID transitioning from a pandemic to an endemic disease, JP Morgan said in its Outlook 2022, titled ‘Preparing for a vibrant cycle.’ According to the investment bank, household net worth is at all-time highs in many developed countries, and excess savings are elevated. Consumption will likely be strong for years amid strong labor market conditions and the capacity to take on more debt, JP Morgan’s strategists said in the report for 2022.
U.S. government to end gas-powered vehicle purchases by 2035 under Biden order. The U.S. government plans to end purchases of gas-powered vehicles by 2035 in a move to lower emissions and promote electric cars under an executive order signed by President Joe Biden on Wednesday. The government owns more than 650,000 vehicles and purchases about 50,000 annually. Biden’s executive order said that light-duty vehicles acquired by the government will be emission-free by 2027.
Devon Energy Doles Out $10,000 Bonuses as Oil Boom Times Roar Back. Devon Energy Corp.’s rank-and-file workers are in for a surprise holiday treat: $10,000 bonus checks. In the latest sign that boom times are back for the U.S. oil patch, Devon told its 1,600 employees on Tuesday that workers below the vice president level will be getting the unexpected cash, CEO Rick Muncrief said in an interview. The bonuses are a reward for successfully integrating with WPX Energy Inc. after the companies agreed to merge last year, Muncrief said.
Oil settles lower as China developer downgrades add to fears of demand outlook. Oil prices settled lower on Thursday on fears about the economic outlook in the world’s biggest oil importer following ratings downgrades to two Chinese property developers, and after some governments took measures to fight the Omicron variant of the coronavirus.