Shale Gas News – March 25, 2023

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 PA DEP study, LNG plant, Ascent Resources 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.

Shale Gas News

The Shale Gas News, typically, is broadcast live. On the March 25th show (click above), we covered the following new natural gas territory (see news excerpts below):

  • Results of PA DEP Study Using Airplane to Detect Methane Leaks. The Pennsylvania Dept. of Environmental Protection (DEP), in collaboration with Carbon Mapper, Inc. and the U.S. Climate Alliance, conducted a research study in May 2021. The study looked at four different areas across Pennsylvania to measure leaking methane using a specially-outfitted airplane. The study wasn’t so much about who was leaking methane as it was about whether the airborne detection technology was accurate.
  • Joe Manchin, Desperate to Save Political Career, Splits with Biden. Make no mistake–the United States is in trouble because of the vote of West Virginia U.S. Senator Joe Manchin to pass Joe Biden’s Green New Deal bill renamed (misnamed) to the Inflation Reduction Act. Joe Manchin deserves to be hounded out of office for his betrayal of the country and the betrayal of West Virginia voters. His poll numbers show he would lose to just about anyone if the election were held today. Manchin has recently done a 180-degree turnaround, trying to distance himself from the very bill that HE negotiated and passed–claiming (falsely) that Biden is not implementing it the way he (Manchin) negotiated.
  • New Fortress to Reapply for Permits to Build Wyalusing LNG Plant. NOW we understand why antis have restarted their attacks on the various components of New Fortress Energy’s Wyalusing LNG liquefaction plant–a project that has been dead as a doornail for three years. Yesterday we told you we were somewhat mystified by the actions of antis in the Delaware River Basin in opposing LNG-by-rail transportation and a permit for the seemingly dead project in land-locked Bradford County, PA. And then the penny dropped. Actually, two pennies dropped. One penny (moment of understanding) is that NFE has, in its latest filing with the U.S. Securities and Exchange Commission (SEC), confirmed it plans to apply for updated permits for the Wyalusing LNG plant. Cool! The project lives! The second penny is that the Pipeline and Hazardous Materials Safety Administration (PHMSA) has again failed to suspend an LNG-by-rail rule from the Trump administration era that was supposed to be axed no later than yesterday.
  • Ohio Utica Shale Production 2022 – Top 25 Gas & Oil Wells. The Ohio Dept. of Natural Resources (ODNR) issues an update on Utica (and Marcellus) oil and natural gas production each quarter. ODNR no longer issues a press release to summarize the results as they once did, which means the quarterly updates fell off our radar. Now and again something jogs our memory to revisit and share with you the production reports from the ODNR, to bring you the top 25 wells by production for both natural gas and oil production. Today we look back at all of 2022. ODNR publishes a detailed spreadsheet of all active wells showing oil and gas production by well. We make a copy of that spreadsheet, enhance it to make it more usable, and link to it.
  • Ascent Drilled & Fracked 75 Utica Wells in 2022, Made $361M Profit. Ascent Resources, originally founded as American Energy Partners by gas legend Aubrey McClendon, is a privately-held company that focuses 100% on the Ohio Utica Shale. Ascent is Ohio’s largest natural gas producer (352,000 leased acres) and the 8th largest natural gas producer in the U.S. The company issued its fourth quarter and full-year 2022 update yesterday. Ascent net production averaged 2.2 Bcfe/d (billion cubic feet equivalent per day) during 4Q, and averaged 2.1 Bcfe/d for the year. The company made $1.6 billion in profit during 4Q, and $361 million in profit for the entire year (versus losing $806 million in 2021).

The Shale Gas News sponsored by Linde Corporation

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