External Affairs Coordinator, Cabot Oil & Gas
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 Hi Crush, Mariner East 2, LNG by rail 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 natural gas. In this week’s Shale Directories meet a member segment we were joined by Steve Borowski, Sales Manager at Kessel Construction, Inc.
The Shale Gas News, typically, is broadcast live. On the August 22nd show (click above), we covered the following new territory (see news excerpts below):
- 3 Ways To Play The Coming Oil Boom. With the double negatives of a demand-culling pandemic and wildly declining sentiment trouncing the oil and gas and pushing companies to record lows, with $30 billion in collective debt, trying to pick a winner in this sector is growing more challenging by the day. On the demand front, the IEA has just cut its 2020 oil production forecast by 140,000 bpd to 91.9 million bpd, sending the FTSE 100 index down 73 points, citing the airline industry’s troubles as a key source of weakness in the oil market.
- A Happy Ending for Shale Shut-Ins. Nearly all the shut-in unconventional US wells will be back in production in September, according to a report from Rystad Energy. Based on early reports the wells are producing at about the level they were before the shut-in, plus a bit extra after operators open them up. “Nearly all operators said they did not face any issues in bringing volumes back on line as per schedule, as they had already worked on issues such as maintaining reservoir pressure and well integrity even before they began moderating output or shutting in wells,” said Veronika Akulinitseva, vice president, North American Shale and Upstream for Rystad.
- DC Circ. Asked To Review Rule Allowing LNG To Move By Rail. Half a dozen environmental groups and more than a dozen states asked the D.C. Circuit Tuesday to invalidate the U.S. Department of Transportation’s new rule that allows liquefied natural gas to be transported by rail in bulk. The Sierra Club, Center for Biological Diversity, Delaware Riverkeeper Network and other green groups filed a petition for review of the rule, as did states including California, New York and Pennsylvania. The challengers say allowing LNG companies to use the rail system to transport the volatile cargo poses a great risk to public safety.
- Antis Protest Dangerous ME2 Drilling Mud Spill by Kayaking in It. Yesterday MDN told you about a new “inadvertent return” or drilling mud spill that occurred at Marsh Creek Lake in Chester County, PA, near Philadelphia. The reaction by the climate crazies, as predicted, was shrill and loud. Those who oppose the Mariner East 2 pipeline oppose it because it flows natural gas and they irrationally hate natural gas. Antis staged a “protest” of the “dangerous” mud spill at Marsh Creek Lake yesterday. After mouthing off for the cameras, the crazies launched dozens of kayaks and paddled through the drilling mud water that’s supposedly dangerous for the environment. Go figure.
- Ascent Resources 2Q: Utica Production Hits New High; $291M Loss. Ascent Resources, originally founded as American Energy Partners by gas legend Aubrey McClendon, is a privately-held company that focuses 100% on the Ohio Utica Shale. Ascent is Ohio’s largest natural gas producer and the 8th largest natural gas producer in the U.S. The company issued its second-quarter 2020 update yesterday. The company added another 25 wells to production in 2Q and produced 2.1 billion cubic feet equivalent per day (Bcfe/d), a new company high. Unfortunately, the financial picture was not as rosy…
- Chester DA Persecution of Off-Duty Constables Guarding ME2 Pipe. Why is the Chester County, PA District Attorney hell-bent on persecuting (i.e. prosecuting) security guards who have done nothing more than protect nutty environmentalists from hurting themselves at Mariner East 2 pipeline construction sites? Former Chester County, PA District Attorney Tom Hogan (RINO), and his successor Deb Ryan (Democrat) were 100% humiliated after a Chester County Magisterial District Judge in June dismissed the entire case against the local head of security for Energy Transfer in what the DA’s office lyingly calls a “buy a badge scheme.” Yet the DA’s office is back harassing/charging the owner and an employee of a private security firm for the same thing.
- Hi-Crush Execs Get Millions in Bonuses Days Before Ch. 11 Filing. Looks like top management at Chesapeake Energy getting millions in bonuses just before declaring bankruptcy isn’t the only company to engage in this disgusting practice. Frac sand company Hi-Crush did it too. MDN told you in July that Hi-Crush had filed for bankruptcy. What’s now coming to light is that four of Hi-Crush’s top executives got $3 million in bonuses just five days before the company declared bankruptcy. We’re sure existing shareholders are not impressed.
The Shale Gas News sponsored by Linde Corporation
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