Shale Gas News – June 11, 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 Lithium, Pittsburgh Airport, MWCD 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, as guests, we had Dr. Alice Davis  advocate for career & technical education and energy & energy education and Daniel B. Markind, Esq., Flaster Greenberg PCForbes contributor,

Shale Gas News

The Shale Gas News, typically, is broadcast live. On the June 11th show (click above), we covered the following new natural gas territory (see news excerpts below):

  • Study Says Shale Wastewater a ‘Substantial Source of Lithium’ – Eureka Resources, which currently operates three frack wastewater treatment facilities in the Marcellus Shale (building a fourth facility in Dimock, PA), is doing really cool stuff. In October 2019 the company began extracting lithium from Marcellus wastewater at one of its plants in Bradford County, PA. In 2020 the company announced it had received its fourth patent for its lithium extraction process. The company also said its plants can theoretically supply up to 25% of the country’s annual lithium demand–solely with lithium recovered from Marcellus wastewater.
  • Real Reason There’s Not More Shale Drilling: Investors. We’ve tackled the issue of why there isn’t more oil and natural gas drilling happening in the Marcellus/Utica and beyond even with prices for both commodities through the proverbial roof. Not that many years ago prices were a fraction of what they are now and yet the drilling industry would not, could not stop drilling new wells, flooding the market with product and crashing prices. Now, it’s the reverse! It seems nothing will incentivize drillers to drill any new wells beyond enough to keep production steady. Why? An article in the Wall Street Journal seeks to answer the question, definitively.
  • CNX, Pittsburgh Airport Cut New Deal to Drill More Wells. In early 2013 the Pittsburgh International Airport and Allegheny County, PA signed a deal with CONSOL Energy (now CNX Resources) to lease 9,000 acres surrounding the airport for natural gas drilling. The airport received a $50 million signing bonus and the promise of 18% royalties on anything produced and sold. The first wells began to flow natural gas for the first time in July 2016. Since that time the airport has added its own electric microgrid and now produces all of its own electricity. The original deal called for CNX to drill 45 gas wells. They stopped at 14. That may be about to change.
  • MWCD Signs Lease for 7,300 OH Acres – $5,500/Acre + 20% Royalties.  For the better part of a decade, MDN has brought you stories about shale development in the Muskingum Watershed Conservancy District (MWCD), an agency formed in 1933 to help control flooding and promote water conservation in the Muskingum River watershed area of Ohio, an area that covers 8,000 square miles. Over the years MWCD has leased thousands of acres for Utica Shale drilling and cut deals to sell water to drillers for fracking. It’s been a while since the last lease announcement. MWCD has just completed negotiations to lease more of its land for drilling. We have all the details.
  • Investment Firm Predicts U.S. NatGas Crisis Coming in 2022. Leigh Goehring from natural resource investment firm Goehring & Rozencwajg Associates is predicting a “black swan” event in “the next six months” right here in the U.S. with respect to the supply and price of natural gas. Goehring maintains we could see an event where we swing from a surplus of natural gas to a deficit, and prices that triple or quadruple. It is an ominous prediction.

The Shale Gas News sponsored by Linde Corporation

The post Shale Gas News – June 11, 2022 appeared first on Natural Gas Now. This post appeared first on Natural Gas Now.