Shale Gas News – June 1, 2019

Bill desRosiers
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 New York City blackouts, fossil fuels, an American success story 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, as a guest, we had David J. Spigelmyer, president of the Marcellus Shale Coalition (MSC).

Shale Gas News

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

  • Independents Dominate US Energy Markets.  Independent oil and gas companies dominate U.S. energy markets, contributing 83 percent of the country’s oil output and 90 percent of domestic natural gas and natural gas liquids (NGL) production.  Those are two findings in a new Independent Petroleum Association of America (IPAA)-funded study performed by IHS Markit. The report, “The Economic Contribution of Independent Operators in the United States,” also concludes that independents drill 91 percent of the country’s oil and gas wells.
  • Energy secretary: US aims to making fossil fuels cleaner. SALT LAKE CITY (AP) — The Trump administration is committed to making fossil fuels cleaner rather than imposing “draconian” regulations on coal and oil, U.S. Energy Secretary Rick Perry said Thursday at an energy conference in Salt Lake City. Perry previously said the administration wants to spend a half-billion dollars next year on fossil fuel research and development as demand plummets for coal and surges for natural gas.
  • Bye Bye New York City “Peakers” – Hello New York City Blackouts. Earlier this year, under the direction of New York Gov. Andrew Cuomo, the state issued new draft regulations aimed at shutting down most of the state’s “peaker plants”–small electric generating plants that produce electricity for brief periods during high demand. The plants are powered by nasty, filthy fossil fuels and that, according to Lord Cuomo, must end. Most of NY’s peaker plants are located in New York City and Long Island.
  • Supply Chain Success – WV Excavator Blossoms in Marcellus/Utica. We love reading about entrepreneurs–young or old–who take a risk and achieve success. Particularly in the Marcellus/Utica industry. We have another such story to share–of a young man who began with a mini excavator (bought with tax refund money) and an old bulldozer donated by his grandfather–and turned it into 125 employees, 20 dump trucks, 10 tractor trailers and 80 pieces of excavating equipment.
  • WV Sen. Joe Manchin “Sours” on Promised $83B Chinese Investment. During a President Trump trade trip to China in November 2017, Chinese officials signed an informal (non-binding) agreement to invest a whopping $83.7 billion in shale and petrochemical projects located in West Virginia. Then the “trade war” with China happened, and so far, from November 2017 until now, not one red yuan has been invested. “I signed a trade deal and all I got was this lousy t-shirt.” One of WV’s U.S. Senators, Joe Manchin, says he thinks the Chinese have no interest in investing in an ethane cracker, petrochemical or manufacturing plants in the Mountain State. Instead, IF they invest (big IF), the Chinese, says Manchin, plan to invest in exporting NGLs out of the state.
  • Lightning Strikes Huge Condensate Tank in Tyler, WV – Fire Now Out. Lightning struck a 1 million gallon condensate tank owned by Dominion Resources near Friendly (Tyler County), WV on Saturday afternoon around 1 pm. The strike ignited the tank, creating a “massive” fire according to news accounts.
  • UPS Makes a Wrong Turn – Buys into “Renewable” NatGas Hype. UPS, the package delivery company, is so excited they’re about to burst. The company issued a press release yesterday to announce they cut a deal to purchase 170 million gallon equivalents of so-called renewable natural gas (RNG) through 2026. It is “the largest commitment for use of RNG to date by any company in the United States.” Horray!!! What’s that? What is “renewable” natural gas? That’s methane from pig and cow poop, and from landfills. Somehow because the word “renewable” is slipped into the label, companies like UPS mistakenly believe Big Green will be pleased. We hate to burst their bubble…

The Shale Gas News sponsored by Linde Corporation

Print Friendly, PDF & Email
Share this…

This post appeared first on Natural Gas Now.