shale gas news
External Affairs Coordinator, Cabot Oil & Gas
Host, Shale Gas News
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 high energy prices, electric fracturing, pipelines 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 a hearing from earlier in the week with Senator John Yudichak and Senator Gene Yaw.
The Shale Gas News, typically, is broadcast live. On the October 9th show (click above), we covered the following new natural gas territory (see news excerpts below):
- High prices, winter shortages delay arrival of post-fossil-fuel world. The question “Do you think it is going to be a cold winter?” has a double-edged meaning this year. Whether the temperature is above or below freezing, it looks increasingly likely that our ability to keep our homes and workplaces warm will be more limited. Adjusting the thermostat may not be enough. There could be actual shortages of fuel, as well as high prices. We are talking “likely,” rather than “certainly.” But with crude oil ending higher in price on Tuesday than it has since November 2014 — just short of $80 per barrel — everyone is on edge.
- Oil retreats from multi-year highs after U.S. stock build. Oil prices dropped nearly 2% on Wednesday, pulling back from multi-year highs, as an unexpected rise in U.S. crude inventories prompted buyers to take a breather after recent torrid gains. U.S. crude inventories rose by 2.3 million barrels last week, against expectations for a modest dip of 418,000 barrels, the U.S. Energy Department said. Gasoline inventories also rose, while distillate inventories were down only modestly.
- Electric fracturing is catching on, but environmentalists are not impressed. Low-carbon hydraulic fracturing is gaining traction across the U.S. But since it still extracts the very oil and gas that fossil-fuel critics want the world to stop consuming altogether, not everyone’s convinced. The process of fracturing shale rock formations under high pressure by blasting water, sand and chemicals deep underground is an inherently dirty business. Once a typical shale well is drilled, a frack fleet descends on the site, hooking up a series of giant diesel pumps that can run uninterrupted overnight.
- American Energy Buys Second M-U Energy Services Co. American Energy Partners, Inc. (AEPT), based in Allentown, PA, is a small but diversified company. They have their fingers in a number of different oil and gas pies, including subsidiaries in drilling, remediation, water, valuation services, and education. Last Friday the company announced yet another acquisition as it continues to grow. AEPT is buying a second “privately held energy services company” (unnamed) that operates in the Marcellus/Utica region. The unnamed company focuses on providing facility maintenance, transportation, logistics, and environmental services to the energy and industrial sectors.
- Here’s Exactly How $3.5T Budget Bill Will Harm Oil & Gas. The so-called budget reconciliation bill Democrats are trying to force through Congress against the will of the American public, a $3.5 trillion monstrosity, will do great harm to the oil and gas industry. On Monday we told you that 130 energy, manufacturing, business, and labor trade organizations, led by the American Petroleum Institute, are sounding the alarm about the methane tax that’s part of the bill. There’s even more in the budget bill that takes direct aim at oil and gas. We have an excellent article that describes in layman’s language exactly how the bill will hurt oil and gas…
- One-Third of 45 Active Major Pipeline Projects Located in M-U. Even with the onslaught of leftist attacks on the fossil fuel industry–in particular against natural gas pipelines–there are still some 45 major natgas pipeline projects projected to come online over the next five years. Of those 45, we count 16 that are located in the Marcellus/Utica (i.e. Appalachian) region. There’s certainly no guarantee all 16 (or all 45) will end up getting built. But if the 16 pipe projects in the M-U do get built, that will add another 7.9 billion cubic feet (Bcf) of M-U molecules flowing to other markets. Cool.
- Westmoreland County to Sell Reservoir Water to Olympus for Fracking. Earlier this month MDN told you about a new/third well pad planned by Olympus Energy in Upper Burrell Township in Westmoreland County, PA that received unanimous approval by town supervisors. More good news for Olympus: Municipal Authority of Westmoreland County board members have voted to sell water from the Beaver Run Reservoir to Olympus so it can frack the new wells on the Upper Burrell pad.
The Shale Gas News sponsored by Linde Corporation
This post appeared first on Natural Gas Now.