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-fired generators, Joe Biden, Cabot production 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 natural gas. This week, as guests, we had Mike Krancer, Principal and Co-Founder of Silent Majority Strategies LLC (SMS) and Joe Hamm, candidate for State House in the 84th Legislative District.
The Shale Gas News, typically, is broadcast live. On the October 24th show (click above), we covered the following new territory (see news excerpts below):
- Why Natural Gas Is The Most Important Fuel Of the Next Decade. Natural gas could be the single most important energy source of the next decade. For investors who want both profitability and longevity, the natural gas sector is the very first place to look. The math is simple:
- Big banks are fleeing oil.
- The coal industry is in terminal decline.
- And renewable energy is years or even decades away from meeting global demand.
So, while the multi-trillion-dollar ESG trend is cutting off financing for oil and coal, the global energy transition to renewables is helpless without a bridge fuel.
- Natural gas plants produce more electricity than any other source. Natural gas-fired generators accounted for 43% of operating electricity generating capacity in the United States in 2019, according to the U.S. Energy Information Administration (EIA). The generators provided 39% of electricity generation in 2019, and this is more than any other source. Most of the natural gas-fired capacity added in recent decades use combined-cycle technology, which surpassed coal-fired generators in 2018 to become the technology with the most electricity generating capacity in the United States.
- PA, OH, WV: Watch Biden in His Own Words on Fracking, Fossil Fuels. Donald Trump is NOT lying about Joe Biden and the words Biden has used about his desire to ban fracking *and* eliminate the use of fossil fuels. We have the video (below) showing clips from various Biden events where he unequivocally states he will ban fracking, and (in time) eliminate the use of all fossil fuels. This is Biden in his own words. So was Biden lying then? Or is he lying now?
- Cabot O&G Shuts-in 1/3 Bcf/d of Production Due to Low Prices. Cabot Oil & Gas issued an operational update yesterday to announce that because of persistently low prices for natgas, as of Sept. 18 the company curtailed approximately 372 million cubic feet equivalent per day (MMcfe/d) of gross production to finish out the last 13 days of the quarter. After that?
- Ryan Energy Services in WV Files for Ch. 11 Bankruptcy Protection. Ryan Energy Services, headquartered in Bridgeport, WV (with 130 employees), works throughout the Marcellus/Utica providing environmental consulting, remediation, cleaning services, emergency spill response, hydrocarbon lab services, corrosion services, well services, general roustabout, and both steel and poly pipeline construction. A full suite of services and solutions!
- Chesapeake’s Future Plans Revealed – Keeping NEPA Marcellus. Chesapeake Energy filed for bankruptcy in June. Their case is one of the biggest bankruptcies in our industry and far from over. However, the company filed an update with the Securities and Exchange Commission on Friday that gives us at least some insight into what the company will look like after it exits bankruptcy…
- What EQT Purchase of Chevron’s M-U Assets Means, IF it Happens. Nearly a month ago sources talking to Reuters let it slip that EQT has offered $750 million for Chevron’s $6.5 billion worth of Marcellus/Utica assets. Since that time we’ve not heard a peep about negotiations and whether or not Chevron is seriously considering the offer. Let’s do a little speculating. What if Chevron does accept that offer? What does it mean for investors and others with a stake in the outcome?
The Shale Gas News sponsored by Linde Corporation
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