External Affairs Coordinator, Cabot Oil & Gas
The Shale Gas News, heard every Saturday at 10 AM on 94.3 FM, 1510 AM and Sundays on YesFM, talked about U.S. exports, energy jobs, Montage Resources and much more last week.
The Shale Gas News has grown again; welcome Gem 104 as our FOURTH station! Gem 104 helps to solidify the Shale Gas News coverage in an important Marcellus region, PA’s northern tier. 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. The Shale Gas News is aired on Saturday or Sunday depending on the station.
Every Saturday Rusty Fender and I host a morning radio show to discuss all things natural gas. This week we played an interview Rusty had with Frank Scavo, which was taped last week for this show.
The Shale Gas News, typically, is broadcast live. On the March 9th show (click above), we covered the following new territory (see news excerpts below):
- U.S. Will Soon Export More Oil, Liquids Than Saudi Arabia. In a pivotal geopolitical shift, the United States will soon export more oil and liquids than Saudi Arabia. This remarkable turnaround is made possible by the continued rise in oil production from US shale plays and the increased oil export capacity from the Gulf Coast. The U.S. has for decades relied on large-scale imports to satisfy its thirst for oil, but this is about to change. The Energy Information Administration (EIA) reported last week that the United States exported more crude and petroleum products than it imported.
- Biggest Threat to Once-Prized Gas Is Getting Kicked Out of Homes. One of the biggest threats facing the natural gas industry is inside the house. Long heralded as an ideal transition from heating oil, natural gas is now being pushed out of homes and getting shoved aside as a fossil-fuel relic. The shift underscores the existential crisis gas producers may confront as governments battle climate change and wind and solar costs plunge. In New York State, where pipelines face fierce opposition, a utility slapped a moratorium on new residential hookups in Westchester County.
- Energy industry led nation in number of increased jobs in 2018. A new government report shows the strength of the energy sector when it comes to employment in the U.S. Most areas showed significant increases in the number of workers in 2018 according to the report from Energy Futures Initiative and the National Association of State Energy Officials. The report showed that the traditional energy and energy efficiency sectors “continued to outperform the economy as a whole.” But the Fuels sector was strongest of all adding 52,000 jobs during the year.
- CNG Trailer Rolls Over in Upstate NY, Closes Interstate. A tractor trailer hauling CNG (compressed natural gas) overturned Sunday morning on Interstate 88 near Cobleskill in Schoharie County, closing the Interstate for a few hours. This is one of those “virtual pipelines” we’ve written plenty about. We’ve written about the safety of the trailers–the fact that not once when there has been an accident has there been an explosion. Same this time. The trailer, when it overturned, did as it was designed to do and vented the gas away.
- Southwestern Energy Grows M-U Prod 21%, Likes WV Upper Devonian. Southwestern Energy, one of the largest Marcellus/Utica drillers, issued its 2018 (and 4Q) update last Friday. The company reports growing M-U production 21% in 2018, to 702 billion cubic feet equivalent (Bcfe). That works out to be 1.9 Bcfe per day. Quite an accomplishment when you consider those numbers happened even after Southwestern sold off their Fayetteville Shale assets last year. Southwestern invested $1.23 billion in drilling last year, of which $1.11 billion was in the M-U region.
- Family of Worker Killed at Tioga County, PA Well Pad Sues Shell. On the morning of October 27, Marc Jones, an employee of Deep Well Services, was working at a Shell well pad in Tioga County, PA when “a large piece of equipment fell on him, pinning him to the platform 65 feet in the air where he was standing”. The blunt force trauma, hitting him in the head, killed him. In December, the administratix of Jones’ estate, Rosa Jones (presumably his wife) filed a wrongful death lawsuit in the Allegheny County Court of Common Pleas. Interestingly, the lawsuit does not name Deep Well Services, Jones’ employer.
- Blue Ridge Merges with Eclipse, Renamed to Montage Resources. Yesterday was an eventful day for the former Blue Ridge Mountain Resources (nee Magnum Hunter Resources) and Eclipse Resources. We’ve been telling you since last August that the two companies are merging, with Blue Ridge Mountain essentially buying out Eclipse. The deal is done as of yesterday and there is A LOT of news to share–including a name change for the newly combined entity. We maintain it was Blue Ridge Mountain Resources that did the buying, although technically it is a merger, because most of Eclipse’s top management, including CEO Ben Hulbert, are now gone.
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