shale gas news
Bill desRosiers
External Affairs Coordinator, Cabot Oil & Gas
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 the oil and gas report, PennEast Pipeline, methane tax 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 replayed an interview we had Carl A. Marrara, Vice President of Government Affairs of the Pennsylvania Manufacturers’ Association (PMA).

The Shale Gas News, typically, is broadcast live. On the October 2nd show (click above), we covered the following new natural gas territory (see news excerpts below):

• Interior Department Misses Promised Deadline To Deliver Federal Oil And Gas Report. Wednesday marked the first day of autumn. It also marked the Interior Department’s promised public deadline to release an interim report on the federal oil and gas program.  Less than two months after the Biden administration implemented an illegal suspension of oil and gas leases on federal land, the Interior Department announced an interim report on the program would come by “early summer.”
• U.S. Energy Exports Show First Surplus Since at Least the 1970s. Trade deficits have been a stubborn feature of the U.S. economy for decades now, but energy has started to buck that trend, helped by burgeoning shipments of liquefied natural gas.  The net merchandise trade value of U.S. energy products (in other words, the value of all types of energy exports, minus the value of imports) showed a surplus of $27 billion last year.
• National energy tax burdens consumers, hinders environmental progress. Despite repeated pledges from President Biden not to increase taxes on working class families, Congress is weighing new energy tax provisions that would be shouldered by all Americans, harm energy job creators, and discourage innovation in the technologies needed to achieve broad climate objectives.  Make no mistake, the natural gas tax buried in the $3.5 trillion budget reconciliation bill will increase the cost of energy — from stovetop to fuel pump — and act as a tax levied on all Americans.
• Crude oil prices may drop to $60 range by end of 2022, says JPMorgan. The crude oil futures turned red Thursday after extending gains on growing fuel demand and a bigger-than-expected draw in the US crude inventories. At 15:00, both oil benchmarks were marginally lower, with US oil trading at $72.19 and Brent crude at $76.18. Both contracts had jumped over 2.5 percent Wednesday.
• What the PennEast cancellation signals for FERC, pipelines. The cancellation of the PennEast pipeline yesterday is stirring speculation about the fate of other similar projects and resurfacing criticism of the federal approval process for natural gas infrastructure. PennEast Pipeline Co. LLC stated yesterday it was no longer planning to move forward with the 116-mile natural gas pipeline, which would have run from Pennsylvania to New Jersey. The announcement came despite a recent Supreme Court win clearing the way for the company to take state-controlled land to build the project.
• Pass the Jim Beam! Army Corps Issues Pipeline Permit for KY Forest. In May MDN told you that Louisville Gas and Electric Company (LG&E) had won Kentucky state approval to build a new 12-inch, 12-mile pipeline near Louisville to supply gas to 62 homes and businesses that can’t connect to LG&E’s local natgas utility system. The local Bernheim Arboretum has resisted attempts to build across three-tenths of one percent (0.028%) of Arboretum land–along an existing cleared path where electric lines already go. Too bad for Big Green.
• Oil & Gas Groups Sound the Alarm on Democrats’ Methane Tax. Some 130 energy, manufacturing, business, and labor trade organizations, led by the American Petroleum Institute, are sounding the alarm about Democrats’ plan to tax methane emissions into oblivion, a back-door way of attacking natural gas and forcing Americans to quit using it. The coalition of groups sent a letter to the U.S. Senate Committee on Environment and Public Works (headed by WV Sen. Joe Manchin) opposing a plan by Democrats to include the Methane Emissions Reduction Act of 2021 in the $3.5 trillion so-called budget reconciliation bill.

The Shale Gas News sponsored by Linde Corporation