Shale Gas News – April 1, 2023

shale gas news
Shale Gas NewsBill desRosiers
External Affairs Coordinator, Coterra Energy
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 Shell Cracker, BlackRock, RGGI 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 webinar hosted by Matt Henderson talking to David Callahan, president of the Marcellus Shale Coalition (MSC).

Shale Gas New

The Shale Gas News, typically, is broadcast live. On the April 1st show (click above), we covered the following new natural gas territory (see news excerpts below):

  • Shell PA Cracker Plant has Another “Emergency” Flaring Episode. The mighty Shell ethane cracker seems to have “issues” in getting, and staying, fully up to speed. In what has become a pattern, about once a month the cracker plant is forced to use flaring–the burning of hydrocarbons (ethane or natural gas) to safely dispose of said hydrocarbons during an equipment malfunction. It happened a number of times late last year as the plant began to come online.
  • BlackRock CEO Lies to Investors, Says Oil & Gas Now OK. BlackRock, the largest investment bank in the world with some $10 trillion in assets under management, is hurting. BlackRock CEO Larry Fink insists that public companies adopt ESG (environment, social, governance) policies that include reducing CO2 emissions. Fink’s demands are tantamount to divesting (or refusing to invest in) any company that produces or heavily uses oil and natural gas. Yet in the company’s latest annual letter to investors, Fink says the oil and gas industry is essential in meeting global energy needs, despite the increasing shift towards renewable energy sources. He says BlackRock loves investing in O&G. He is categorically lying to avoid more action by states in dropping BlackRock funds.
  • Coming Soon to PA – Gov. Josh Shapiro’s Energy Tax, aka RGGI. Josh Shapiro promised he was a different kind of Democrat, but in the end, he turned out to be the same kind as most. We told you, warned you, that should Shapiro be elected, he would embrace the Regional Greenhouse Gas Initiative (RGGI) carbon tax, even though he expressed sentiments during the campaign that he doesn’t support it. And, sure enough, in his very first budget, Shapiro is counting on Pennsylvania residents to pay $600 million in carbon tax sales from RGGI. In his very first budget year! Still happy you voted for Shapiro?
  • Ohio Utica Shale Production 2022 – Top 25 Gas & Oil Wells. The Ohio Dept. of Natural Resources (ODNR) issues an update on Utica (and Marcellus) oil and natural gas production each quarter. ODNR no longer issues a press release to summarize the results as they once did, which means the quarterly updates fell off our radar. Now and again something jogs our memory to revisit and share with you the production reports from the ODNR, to bring you the top 25 wells by production for both natural gas and oil production.
  • WV Mineral Owners’ Lawsuit Accuses Southwestern of ‘Well Bashing’ – Two Marshall County, WV landowners with the same last name (brothers? cousins? father/son?) have sued Southwestern Energy accusing the company of “well bashing.” The landowners seek to have the lawsuit certified as a class action. Well bashing happens when drilling a child well near a parent well causes the parent well to lose pressure or become clogged with fracking fluids and sand. Ultimately the child well causes the parent well to become less profitable (i.e., less revenue from royalties for the landowner). The lawsuit says Southwestern is practicing well bashing intentionally–in order to keep lease rates low.

The Shale Gas News sponsored by Linde Corporation

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