shale gas news
Bill desRosiers
External Affairs Coordinator, Coterra Energy
Host, Shale Gas News
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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 gas prices, blackouts, coming shortages 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 played coverage from the most recent Think About Energy – Berks County and Its Place on the World Energy Stage
The Shale Gas News, typically, is broadcast live. On the June 4th show (click above), we covered the following new natural gas territory (see news excerpts below):
- Saudi Arabia’s oil dominance to last. The world’s two biggest oil and natural gas reservoirs are in the Permian Basin and Saudi Arabia with estimated remaining reserves of 50 billion barrels of oil and 300 trillion cubic feet of natural gas here and 58 billion barrels and 333 trillion cubic feet there. That’s about all they have in common, but that much makes a whole bunch of cachet on the global stage.
- The White House has one problem that rules them all: Gas prices. For the past several months, a White House-led team of economic specialists has marked each day in the same way: With a painstaking, state-by-state examination of gasoline prices and the intricate market forces pushing them relentlessly upward. Senior officials and others close to President Joe Biden view those prices as the cost that most directly affects voters’ everyday lives, and therefore their perception of the economy as well.
- Blackouts on the path to a clean energy transition? Large swaths of the country face greater risk of blackouts this summer, and it’s dividing regulators on what that means for a transition to clean energy, POLITICO’s Catherine Morehouse reports. More fossil fuel-generating plants are retiring and being replaced with weather-dependent renewables while other technologies such as battery storage develop.
- High Prices for M-U NatGas Means Less Storage, Coming Shortage. According to S&P Global Commodity Insights, the difference between prices paid for natural gas this summer and the price gas is expected to bring in the coming winter months, are pretty darned close, which is unusual. Typically less natgas gets used in the summer and so the price decreases. It’s the perfect time for utilities and other major buyers to pay less for the gas and sock it away in storage, keeping it for the upcoming winter. But because forward prices are so high now, this summer, that’s not happening. Which means we in the northeast may not have enough natgas stored away when the cold temps of winter hit. The storm clouds are gathering on the horizon.
- Diversified Energy Buys Second Well-Plugging Co. – Based in OH. Diversified Energy is growing again. In February Diversified bought out and merged in well-plugging company Next LVL Energy, headquartered in the Pittsburgh area. Yesterday Diversified announced it is buying a second well-plugging company, Nick’s Well Plugging LLC, based in Warren, Ohio, for an undisclosed price. Diversified will add the personnel and equipment from Nick’s to Next LVL, bumping up the existing six well-plugging crews to eight, with plans to add a ninth soon.
- How O&G Royalties/Mineral Rights Co. Committed $40M Fraud. We don’t normally recommend books to read–especially those we haven’t read yet ourselves. Today we’re making an exception. Last week we received an email about a new book published on Amazon by Chris Bentley, the former President and CEO of Bellatorum Resources, an investment management firm that formerly specialized in Texas oil and gas royalties and mineral rights. Bentley recently published a book called Burning Bellatorum: The Story of a Forty Million Dollar Fraud and its Priceless Lessons for Investors and Entrepreneurs, detailing the $40 million fraud he committed while running his company.
The Shale Gas News sponsored by Linde Corporation
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