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 rationing, Russian oil, Coterra 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, as a guest, we had Liz Bowman, Vice President of Communications for AXPC.

The Shale Gas News, typically, is broadcast live. On the May21st show (click above), we covered the following new natural gas territory (see news excerpts below):

• Frustrated Manchin to nudge Haaland on drilling leases. Energy and Natural Resources Chair Joe Manchin will urge Interior Secretary Deb Haaland to move forward with onshore and offshore oil and gas drilling leases during a hearing today, according to comments reviewed by E&E News. The West Virginia Democrat will use his opening statement to vent his frustration with the administration’s limited efforts to restart leasing after President Joe Biden enacted a moratorium early in the administration.
• GOP senators urge NOAA to fix ‘de facto ban’ on Gulf drilling. Several prominent Republican lawmakers are pressing Commerce Secretary Gina Raimondo to barrel through a permitting backlog for oil and gas geophysical surveys in the Gulf of Mexico that they say is creating a “de facto ban” on oil development. The friction over the geophysical permits, also known as letters of authorization (LOAs), which allow companies to potentially disturb protected marine mammals like killer whales or spinner dolphins in their search for oil and gas reserves, is the latest criticism Republicans have lobbed at the Biden administration over oil and gas drilling at a time of high prices at the pump.
• Biden’s road to record-high gas prices may soon lead to rationing. Gasoline prices at the pump have always fluctuated within a regular epicycle of global oil prices, but the Biden administration’s every policy choice from its first day in office has contributed significantly to this week’s news that gas prices exceed $4 a gallon in all 50 states. President Biden and the Democrats seem determined to repeat every policy mistake of the 1970s, and it might not end until Biden attempts to impose price controls and rationing.
• U.S. Aims to Cripple Russian Oil Industry, Officials Say. The Biden administration is developing plans to further choke Russia’s oil revenues with the long-term goal of destroying the country’s central role in the global energy economy, current and former U.S. officials say, a major escalatory step that could put the United States in political conflict with China, India, Turkey and other nations that buy Russian oil.
• Misguided Anti Burns Himself to Death at U.S. Supreme Court. In an act of intentional suicide, a misguided anti-fossil fueler from Colorado sat down in front of the U.S. Supreme Court at 6:30 pm on so-called Earth Day (Apr 22) and set himself on fire, killing himself. Mainstream media like the (Dis)Associated Press are attempting to pass it off as some sort of Buddhist ritual of “self-immolation”–something noble, even laudable, instead of what it was–the act of a disturbed mind, someone driven crazy by brainwashing from the radical environmental movement.
• Coterra 1Q: Makes $608M in Profit, Drills 22 New Marcellus Wells. Coterra Energy, the new name for the merged Cabot Oil & Gas and Cimarex Energy, issued its first quarter 2022 update yesterday. Like other large Marcellus/Utica drillers, Coterra lost a bunch of money on derivatives (bad bets on the future price of oil and gas). However, unlike other large M-U drillers, Coterra still made money in 1Q22–a LOT of money. The company made $608 million in 1Q22 vs. making $126 million in 1Q21–nearly 5X as much. How? The price of natgas nearly doubled over the past year, that’s how.

The Shale Gas News sponsored by Linde Corporation