Shale Gas News – December 3, 2022

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 oil sanctions, LNG exports, Hydrogen Hub 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  Tom Pyle of the American Energy Alliance and Institute for Energy Research joined Fox Business to discuss Biden’s latest verbal attacks on the American energy producers, click here to watch the video and see Tom call out Biden’s lies regarding what is reducing American’s energy output.

Shale Gas News

The Shale Gas News, typically, is broadcast live. On the December 3rd show (click above), we covered the following new natural gas territory (see news excerpts below):

  • Energy Companies Expect More Friends in Washington as Republicans Take Over House. Oil-and-gas companies are anticipating a friendlier environment in Washington as the House comes under Republican rule next year, while the clean-energy sector is bracing for a slowdown in the Biden administration’s aggressive push away from fossil fuels. House Republicans, who gained a slim majority in the midterm elections, are expected to support measures aimed at boosting domestic oil-and-gas production, which they have framed as a matter of national security following supply strains triggered by Russia’s invasion of Ukraine.
  • White House defends easing oil sanctions on Venezuela, says ‘plenty of opportunities’ to drill in US. NSC Strategic Communication Coordinator John Kirby on Monday defended easing oil sanctions against Venezuela, saying that there are plenty of untapped opportunities for companies to drill in the United States. The comments came in response to an inquiry from Fox News White House Correspondent Peter Doocy, who asked Kirby why President Biden “would rather let U.S. companies drill for oil in Venezuela than here in the U.S.?”
  • Interior proposes new methane rule after Obama version struck down. The Interior Department on Monday unveiled a new rule aimed at reducing the venting and flaring of methane from oil and gas production on federal lands.  The effort comes two years after a federal judge struck down an Obama-era Interior regulation that sought to curb methane waste for relying too heavily on “ancillary” climate benefits.
  • Pfluger: Bipartisan bill aims to expedite LNG export licensing. Providing US energy to the nation’s strategic partners and allies could become easier if bipartisan legislation eventually takes effect. Rep. August Pfluger, R-District 11, which includes much of the Permian Basin, and Rep. Henry Cuellar, the Democrat from Laredo, have introduced the “LNG for Allies” act, which would expedite licensing for exports of US liquefied natural gas to US allies and partners.
  • PA Decides to Back Shell/Equinor Application for $1B Hydrogen Hub. How unfortunate. The political leaders of Pennsylvania (like West Virginia and Ohio) could not find it in their hearts to combine forces with the other Marcellus/Utica states and back a single application with the Dept. of Energy to attract one of the 6-10 regional hydrogen hubs the Bidenistas will dole out as part of the so-called Infrastructure bill passed last year. PA has decided to put all of its chips on a proposal by Shell and Equinor.
  • Bounty Minerals, Focused on Marcellus/Utica, Files $100M+ IPO. We have chronicled a number of companies that buy royalty and/or mineral rights from landowners in the Marcellus/Utica over the years. We’ve written about White Hawk Energy, Rising Phoenix Royalties, Kimbell Royalty, and Peregrine Energy. One company that is a big player in the M-U mineral buying space we’ve not talked about (hasn’t appeared on our radar) is Bounty Minerals. The company just appeared on our radar in a big way as it is filing to go public with an initial public offering (IPO) of $100 million, with the potential it could go to $200 million or more.

The Shale Gas News sponsored by Linde Corporation

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