Shale Gas News – July 17, 2021

Bill desRosiers
External Affairs Coordinator, Cabot Oil & Gas

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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 natural gas prices, pipeline projects, DarkPulse 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 replayed part of the June 5th 2021 Shale Gas News.

The Shale Gas News, typically, is broadcast live. On the July 17th show (click above), we covered the following new natural gas territory (see news excerpts below):

• NatGas Spot Prices Soar Even More than HH on Heat, Shortages. The price of natural gas for the NYMEX futures contract (July) based on the price at the benchmark Henry Hub, hit a new, 30-month high yesterday closing at $3.62/MMBtu. But that’s not even the biggest news. The spot price of natural gas at multiple locations across the country (including the Marcellus/Utica) is cooking, largely due to the hot temps in both the Pacific Northwest and the East Coast. The cash price at Algonquin city-gates (Boston area) rose about $1 to trade at $4.87/MMBtu, while Transco Zone 6 NY (New York City area) was up 79 cents at $3.93/MMBtu. Cove Point LNG (exports 100% Marcellus molecules) cash prices climbed 66.5 cents to $3.845.
• New Build/Expansions Coming This Yr & Next for 3 M-U NGL Pipelines. We’re always jazzed when we unearth information related to the Marcellus/Utica nobody else has yet discovered or highlighted. We think we’ve found something interesting related to a recently updated spreadsheet maintained by the U.S. Energy Information Administration (EIA). On Friday the EIA published a post to trumpet the news that 19 “liquids” pipeline projects are “moving toward completion in 2021.” In reviewing the list we discovered two projects related to the M-U in 2021, and a third M-U project coming in 2022. All three have an impact on the ability of M-U drillers to move NGL’s out of our region to higher-paying markets.
• DarkPulse Teams with Grae-Con to Bring Laser Sensing to M-U. DarkPulse, a company that manufactures, sells, installs, and monitors laser sensing systems for the oil and gas industry, is partnering with Grae-Con Construction in Marietta, OH to offer DarkPulse’s unique products to Marcellus/Utica drillers and pipeline companies. DarkPulse uses dark-pulse sensor technology to monitor drilling activities (in the upstream) and the thickness of pipelines (in the midstream) to provide early detection of problems.
• NatGas Supplies Fall Short Creating “Desperate Scenario” for World. According to Bloomberg, the world’s importers of natural gas are waking up to a stark realization: “there isn’t enough supply to go around.” Our long, cold winter (so much for “global warming”) coupled with a warm and toasty summer has (a) depleted natural gas supplies, and (b) will keep those supplies low going into next winter. Despite all the blabbering from Europe and Asia about switching to so-called renewable energy sources, the stark fact is that natural gas supplies more heat and electricity to the world than any other single source. Period. Sooner or later the left must deal with reality and pull their collective heads out of their… fantasies.
• Marcellus Shale’s “Gentle Giant” John Applegath Dies – RIP.  John Applegath, referred to as a “gentle giant,” was a giant in the Marcellus Shale industry. Years ago we heard him speak at an industry event in Pittsburgh. Applegath was the man largely responsible for the huge success of Range Resources in drilling in the Marcellus Shale. After retiring from Range, Applegath joined Huntley & Huntley (now Olympus Energy). And after H&H, Applegath went to work for Encino Energy, the company bought all of Chesapeake Energy’s Ohio Utica Shale assets. He has been a key player in our industry for the past 14+ years. He died Tuesday afternoon. RIP John.

The Shale Gas News sponsored by Linde Corporation