External Affairs Coordinator, Cabot Oil & Gas
The Shale Gas News, heard every Saturday at 10 AM on 94.3 FM, 1510 AM and Sundays on YesFM, talked about Calcasieu Pass, pipeline cybersecurity, Cuomo’s war on gas and much more last week.
The Shale Gas News has grown again; welcome Gem 104 as our FOURTH station! Gem 104 helps to solidify the Shale Gas News coverage in an important Marcellus region, PA’s northern tier. 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. The Shale Gas News is aired on Saturday or Sunday depending on the station.
Every Saturday Rusty Fender and I host a morning radio show to discuss all things natural gas. This week, as a guest, Anna McCauslin, Deputy State Director at Americans for Prosperity.
The Shale Gas News, typically, is broadcast live. On the February 23rd show (click above), we covered the following new territory (see news excerpts below):
- Venture Global to Move Ahead With $5 Billion LNG Export Project. Venture Global LNG Inc. said it will start construction immediately on its $5 billion Calcasieu Pass liquefied natural gas export terminal in Louisiana after receiving approval from the top U.S. energy regulator. The Federal Energy Regulatory Commission cleared Venture Global’s proposal in an order late Thursday, according to a statement from the agency, marking the first authorization in two years for a new LNG export facility. The project is one of several competing to be part of a second wave of terminals sending U.S. shale gas overseas.
- Chatterjee advocates patience on pipeline cybersecurity. The chairman of the Federal Energy Regulatory Commission wants to give federal agencies and industry time to complete their “dialogue” on cybersecurity for natural gas pipelines before considering mandatory standards.
- US crude oil exports hit a record last week at 3.6 million barrels a day. The United States exported a record amount of crude oil last week, as output from the nation’s shale fields continues to surge. The nation shipped out just over 3.6 million barrels a day in the week through Feb. 15, according to the U.S. Energy Information Administration. That easily topped the previous all-time high of 3.2 million bpd set in November.
- The price of Cuomo’s war on natural gas is only starting to kick in. New Yorkers experienced the headache caused by Gov. Cuomo’s crusade against natural gas last week, when a public hearing was held to discuss Con Edison’s January announcement that it would institute a moratorium on accepting new gas customers in Westchester County. The Empire State has stymied the construction of the necessary transmission infrastructure, so Con Ed is unable to keep up with demand.
- Mountain Valley Pipeline Under “Criminal” Investigation by Feds. Is this really the depths to which we’ve now descended? If you disagree with a legitimate, legal business and their right to engage in a legitimate, legal practice (but you don’t like it), you bastardize the legal system and launch a criminal investigation? Increasingly this is what’s being done–by liberal Democrats who don’t like new “fossil fuel pipelines” from getting built. They sick local or even federal authorities on a project, looking for evidence the project has engaged in “criminal” activity. It’s horse manure.
- PA Fracking Wastewater Turned into Clorox Pool Salt. In 2013 Eureka Resources built a Marcellus Shale wastewater treatment facility near Towanda (Bradford County), PA with a capacity to treat up to 10,000 barrels of wastewater per day. Among the products produced at the “Standing Stone” plant near Towanda is swimming pool salt. Antis are having a cow. Using advanced technology, Eureka is able to treat brine–naturally occurring water from the depths that comes out of a well long after the fracking is done–separating and selling the water and then treating and producing salt that gets the Clorox label and is used in swimming pool water.
- EQT 2018: $2.2B Loss; CEO Ridicules Rice Plan, No “Magic App” – EQT released its fourth quarter and full year 2018 update yesterday. The numbers show the company lost, on paper, $2.2 billion–but the loss was from “impairments,” writing off the value of old assets they had sold. Not an actual $2.2B out-of-pocket loss. The company, which is the largest natural gas producer in the U.S., produced 1.49 trillion cubic feet equivalent of gas in 2018, up an incredible 68% from the 888 billion cubic feet produced in 2017.
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