Shale Gas News – October 8, 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 Shell Cracker, landowners, WV gas-fired plant 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 a guest, we had George Stark, Director of External Affairs at Coterra Energy.

Shale Gas News

The Shale Gas News, typically, is broadcast live. On the October 8th show (click above), we covered the following new natural gas territory (see news excerpts below):

  • Shell Cracker Compressor Problem Causes Shut Down, Billowing Smoke. The mighty Shell ethane cracker in Beaver County, PA, is now complete and gradually coming up to full operation–although it isn’t officially producing plastic pellets yet. The Shell cracker plant experienced a problem with a process compressor last Sunday that forced a shutdown and billowing smoke for about 20 minutes. In a statement posted to (of all places) Facebook, Shell said, “Operations are stable and we’re working to determine the cause of the interruption.”
  • Fayette County, PA Landowners Get $5.5M Settlement from Chief. A group of roughly 60 landowners located in Fayette County, PA, have received a $5.5 million settlement from what was Chief Exploration and Development (now called Cyprus Exploration and Development) to compensate the landowners for leases signed in 2008. The landowners filed a class action lawsuit in 2011, claiming bonus and rent payments were not made.
  • Repsol Files Application to Export 300 MMcf/d of LNG from Canada. In June, German Chancellor Olaf Scholz spoke to Canadian Prime Minister Justin Trudeau about Germany buying LNG from Canada. One of the five East Coast projects, in particular, seemed to be the focus of their discussion–Repsol’s St. John LNG project in St. John, New Brunswick. However, two months later when Scholz was visiting Canada, both Scholz and Trudeau dismissed the concept of Canada exporting LNG to Germany. Both “leaders” pledged their undying love to renewable unicorn farts instead. Their stupidity is mind-blowing. We’re happy to report Repsol has ignored both Trudeau and Scholz and their inane comments and has just filed an application with the Canada Energy Regulator (CER) to export up to 300 million cubic feet per day (MMcf/d) of natural gas from the St. John facility.
  • Natural Gas Shortage, High Prices Predicted for U.S. This Winter. U.S. natural gas prices closed at a fresh six-week low of $7.75/MMBtu yesterday. The Wall Street Journal says the natural gas market has lost its bullish momentum due to a lack of hurricanes off the Texas coast. U.S. production has reached triple digits for the first time ever, topping 100 Bcf/d, as we reported yesterday. European natgas prices continue to drop too, sinking as much as 8.8% to their lowest level in nearly two months. And yet, we spotted a prediction that prices are about to spike again this winter–perhaps to their highest levels yet.
  • CPV Announces Plans for Massive $3 Billion, 1,800 MW Gas-Fired Plant in WV. On Friday, Competitive Power Ventures (CPV) announced that it has selected West Virginia for a 1,800-megawatt, combined-cycle natural gas power station (using Marcellus/Utica gas) that also uses carbon capture and storage (required window dressing in this day and age). The extremely unpopular WV Sen. Joe Manchin tried to take credit for the $3 billion project, to help rehabilitate his reputation (it didn’t work, he’s as unpopular as ever). The official announcement didn’t say where the plant will be built, but one news account says it will get built in Doddridge County.

The Shale Gas News sponsored by Linde Corporation

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