External Affairs Coordinator, Cabot Oil & Gas
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 Warren Buffet, PennEast Pipeline, Landgate 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 natural gas. This week, as guests, we had Michael G. Stanton, Market Manager & General Manager, Bold Gold Media Group and Dave Williams of the PA Farm County Radio Network.
The Shale Gas News, typically, is broadcast live. On the December 19th show (click above), we covered the following new territory (see news excerpts below):
- Why Warren Buffet Is Betting Big On Oil & Gas Pipeline Companies. It’s been a tough year for energy pipelines that carry oil and gas from source points to distribution and export terminals. In recent weeks, along with a general rally in energy-related stocks, the worst seems to have passed for the key pipeline companies upon which we rely for energy distribution in this country. Energy Transfer, (NYSE: ET), and Enbridge, NYSE: ENB) – two of the biggest pipeline operators – have seen 25% gains in the last 6-weeks.
- Oil companies fight to get climate cases before Supreme Court. Some of the world’s largest oil companies are hoping to convince the U.S. Supreme Court to decide whether they should be held liable for climate change. In the middle of a years-long legal fight with state attorneys general across the country, Exxon Mobil and the Canadian oil company Suncor Energy filed a petition with the Supreme Court earlier this month, asking the justices to overturn a ruling by the Tenth Circuit Court of Appeals that sent a climate lawsuit filed by local officials in Colorado to state court.
- PennEast Pipeline Update: U.S. Solicitor General files brief to U.S. Supreme Court; New Jersey Resources still supports project. The U.S. Supreme Court has not made a decision yet on whether to hear an appeal from the PennEast Pipeline Company to overturn a 2019 Third Circuit Court of Appeals decision, denying the condemning of 42 parcels of New Jersey state-owned land for the company’s $1 billion pipeline project. However, the court recently received the court’s requested brief from the U.S. Solicitor General expressing the Trump Administration’s views on the issue.
- Total US shale production projected to fall in January as DUCs decline: EIA. US shale volumes and new well productivity per rig are both expected to fall month-over-month in January as the industry enters the winter season and the number of drilled, but uncompleted wells continues to decline, the US Energy Information Administration said in its Dec. 14 drilling productivity report. US unconventional oil output is projected to dip another 137,000 b/d to 7.438 million b/d in January, according to the EIA, after peaking at about 9.1 million b/d at the beginning of 2020 before the coronavirus pandemic waged war on global oil demand.
- CNX CEO Nick Deluliis Talks About “Hard Truths” in M&A at DUG East. Yesterday CNX CEO Nick Deluliis was one of the keynote speakers at the annual DUG (Developing Unconventional Gas) East event, held virtually this year. Normally DUG is held at the Convention Center in Pittsburgh. Deluliis’ talk was wide-ranging, but much of it concentrated on mergers and acquisitions, particularly M&A in the Marcellus/Utica. Deluliis is not much interested in horizontal M&A for CNX, but he is intrigued by vertical M&A.
- Free Website Helps M-U Landowners Estimate O&G Values. After selling Rice Energy to EQT in 2017, the four Rice brothers, all of whom worked at Rice Energy (and left after the merger), launched a new venture. Dan, Toby, Derek, and Ryan Rice plus a fifth partner, a former VP at Rice, pooled $200 million of their money (and their expertise) and launched Rice Investment Group (RIG). One of the companies they invested in provides a cool (free) online website for both drillers AND landowners, offering instant valuations for the oil and gas rights along with the location of wells drilled nearby.
- Explosion, Fire at Equitrans Compressor Stn in Greene County, PA. Coincidentally, a second dehydration unit fire occurred early Saturday morning, also in Pennsylvania, but this second fire occurred across the state in southwest PA. Our lead story today is about a dehydration unit fire at a well pad in Lycoming County. The second fire happened at a dehydration unit at a compressor station in Greene County owned and operated by Equitrans Midstream.
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This post appeared first on Natural Gas Now.