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 top producing states, social cost of carbon, oil prices 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 Carl A. Marrara, Vice President of Government Affairs of the Pennsylvania Manufacturers’ Association (PMA).

The Shale Gas News, typically, is broadcast live. On the August 28th show (click above), we covered the following new natural gas territory (see news excerpts below):

• Oil settles down 1% as U.S. refineries shut; Washington pushes OPEC to pump more. NEW YORK, Aug 31 (Reuters) – Oil settled down 1% on Tuesday, posting its first monthly loss since March, as demand is expected to drop after Hurricane Ida shuttered U.S. Gulf refineries.  Brent crude futures for October, due to expire on Tuesday, settled down 42 cents, or 0.6%, at $72.99 a barrel. U.S. West Texas Intermediate (WTI) crude futures settled down 71 cents, or 1%, at $68.50.
• Judge scraps red state lawsuit over Biden carbon metric. A federal court today ditched a lawsuit by a coalition of Republican-led states challenging the Biden administration’s social cost of carbon. The ruling from the U.S. District Court for the Eastern District of Missouri follows a hearing last week in which Judge Audrey Fleissig appeared skeptical of red states’ claims that President Biden lacked the authority to raise the dollar value assigned to the damage caused by 1 metric ton of greenhouse gas emissions.
• Top Energy Producing States Gain Even Greater U.S. Market Share, EIA Says. The states that are home to the most oil, natural gas and coal production have substantially increased their collective share of American energy output in the 21st century, concentrating production in a few key locations, according to the U.S. Energy Information Administration (EIA). The six leading states — Texas, Pennsylvania, Wyoming, Oklahoma, West Virginia, and North Dakota — accounted for 55 quadrillion Btu (quads) of total energy output in 2019.
• The Secret to How CNX Achieved Net Carbon Zero Five Years Ago. When CNX Resources issued its second quarter update in July, the company revealed that it is not only “net carbon zero” right now, it has been that way–actually net carbon negative, pulling more CO2 out of the atmosphere than it puts in–since 2016. How can that possibly be the case? We have the answer.
• Money & Drilling Flow from Marcellus/Utica to Haynesville. While the mighty Marcellus/Utica continues to produce the most natural gas of any shale play in the U.S. (actually of any shale play in the world), the simple truth is the money and momentum for new shale gas drilling is happening in the Louisiana and East Texas Haynesville shale play. Which wouldn’t be so bad if it weren’t for the fact that much of the new investment in the Haynesville is coming from M-U drillers!
• FERC Approves MVP Plan to Use Trenchless Water Crossings. The Federal Energy Regulatory Commission (FERC) has disregarded the petulant demands of anti-fossil fuel fanatics and has given its permission to Mountain Valley Pipeline (MVP) project to switch the method it uses to cross 136 streams and 47 wetlands. For roughly 70 miles of the pipeline’s 303-mile route, MVP asked FERC in early February to change the method of installation from open trench to trenchless, drilling under the body of water using horizontal directional drilling.
• PTT Blows $10B on Renewables Since May, Still No OH Cracker FID. In February of this year, PTT Global Chemical adamantly claimed a final investment decision (FID) to build the $10 billion ethane cracker plant project in Belmont County, OH would happen by “middle of 2021.” They lied. Again. Since May, PTT Global Chemical’s parent company, PTT Pcl (Thailand’s biggest company by far), has spent almost $10 billion to build an electric vehicle business and buy up petrochemical assets in Europe and renewable-energy projects in Asia. “And the group isn’t done yet.”

The Shale Gas News sponsored by Linde Corporation