Shale Gas News – September 3, 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 Halliburton, offshore drilling, U.S. oil output 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 we played a podcast from Energy Thinks with Tisha Schuller with Toby Rice, president and CEO of EQT, click here to listen.

Shale Gas News

The Shale Gas News, typically, is broadcast live. On the September 3rd show (click above), we covered the following new natural gas territory (see news excerpts below):

  • Offshore Oil And Gas Set For Robust Growth.  Offshore oil and gas drilling and projects are set for robust growth in the coming years thanks to the world’s clear need for continued large volumes of fossil fuels as evidenced by the ongoing energy crisis in Europe and tight markets.  High-impact drilling is returning after the COVID-induced slump, while international majors are close to approving more offshore projects, including so far offshore that production sites would be in international waters, analysts say.
  • Exxon, Shell sell California oil assets for $4 billion to IKAV. Exxon Mobil Corp and Shell Plc on Thursday confirmed the sale of their California oil joint-venture Aera to German asset manager IKAV for $4 billion, ending a 25-year-long partnership that was one of the state’s largest oil producers. The sale reflects the two companies move out of mature energy properties at a time when high oil and gas prices favor new deals. Reuters this week reported the oil giants were in advanced talks on a sale of the San Joaquin Valley property.
  • Halliburton Targets Rival in Hydraulic Fracking Patent Dispute. Halliburton Energy Services Inc. accused rival US Well Services Inc. of infringing its hydraulic fracking patents, in a complaint filed Thursday in a Texas federal court. The oil giant alleged that USWS’s hydraulic fracking equipment and similar products and services infringe several Halliburton patents, according to its complaint in the US District Court for the Western District of Texas. Halliburton’s filing comes after USWS sued its competitor in April 2021, similarly alleging infringement of a handful of patents.
  • Shortage of Frack Gear Is Helping to Hold Back US Oil Production. In a dusty corner of Oklahoma, close to where Erle Halliburton founded his eponymous oil services empire 103 years ago, a group of workers shows why US oil production growth has been underwhelming in spite of a price boom. This particular Halliburton Co. crew is busy cannibalizing older frack pumps  — the powerful, truck-mounted engines that help to squeeze hydrocarbons out of shale rock — to meet the high demand for gear in US oilfields. It’s hectic work, and currently extremely profitable.
  • U.S. oil output rises 1.7% June to highest since April 2020 -EIA. U.S. crude oil production rose in June by 1.7% to its highest since April 2020, according to a monthly report from the U.S. Energy Information Administration on Wednesday.  Oil production rose to about 11.8 million barrels per day in June from about 11.6 million bpd the month prior, the report showed. Producers cut back drastically on output in 2020 after pandemic lockdowns slashed demand, and companies have been gradually boosting production.
  • Climate Protesters Paid $25,000 per Year by Oil Fortune Heirs. A blow-the-doors-off expose is confirming what we’ve always known, that rich trust-funders who haven’t done a day’s worth of work in their lives are paying protesters to get violent and break the law, all in the name of man-made global warming. Aileen Getty, Rebecca Rockefeller Lambert, and Peter Gill Case, all members of former oil barons, admit they pay protesters roughly $25,000 per year to engage in illegal acts to slow or stop fossil energy.

The Shale Gas News sponsored by Linde Corporation

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