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 gas fired power plants, petrochemical plants, Biden fracking 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 a guest, we had George Stark, Director, External Affairs at Cabot Oil & Gas.
The Shale Gas News, typically, is broadcast live. On the September 5th show (click above), we covered the following new territory (see news excerpts below):
- Natural Gas Posts Biggest Monthly Gain in More Than a Decade. Natural-gas futures rallied in August, tacking on nearly 50% to tally their largest monthly percentage gain in more than a decade as strong demand for the fuel in power generation significantly cut U.S. supplies in storage. In March, U.S. inventories of natural gas were 81% higher than the same a time year ago, but supplies recently stood at 20% above the year ago level, according to Peter McNally, global sector lead for industrial materials and energy at investment research firm Third Bridge.
- Goldman sees oil market recovery gathering pace in 2021. Goldman Sachs expects Brent prices to rally in 2021, bolstered by a tighter oil market and as an economic recovery from the coronavirus-induced slump gathers pace, helped by a possible vaccine. Goldman forecast Brent prices to rally to $65 per barrel by the third quarter of 2021 and average $59.40 for the year. “Key to the resilience of spot prices despite stalling inventory draws this summer has been the steady rally in long-dated prices,” the bank said in a note dated Aug 30.
- US presidents and oil production: A deep dive into Obama and Trump records, Biden’s proposed plan. As the 2020 presidential election in the US is approaching, Rystad Energy has looked at how the country’s oil industry has performed under different presidents and evaluated the plans of this year’s candidates, shedding light on what the US oil industry may have in store in the next four years. Technological innovations, aided in part by record high oil prices in the first part of the past decade, unleashed a new unconventional sector that catapulted the US to the league of top oil producers worldwide, dramatically changing the global supply landscape.
- WV Gov. Jim Justice Trash-Talks Brooke County Gas-Fired Power. Just when you thought West Virginia Governor Jim Justice could be trusted with oversight of the state’s Marcellus/Utica industry, he goes and spoils it. Justice, who made his fortune in coal, is once again trash-talking shale gas. This time Justice is questioning a proposed shale gas-fired power plant planned for Brooke County.
- Schlumberger Sells & Exits U.S. Fracking Business – End of Shale? When the world’s largest oilfield services (OFS) company, Schlumberger, decides to call it quits in the fracking business, you have to ask the question, Is this the end of shale? (It’s not, but that’s what reporters at Bloomberg are hinting.) Yesterday Schlumberger announced a deal to turn over the keys to their U.S. and Canadian fracking business to Liberty Oilfield Services in return for 37% interest in Liberty.
- Clinton County, PA Petchem Plant to Drill 25 New Marcellus Wells. Earlier this year MDN brought you news about a new half-billion-dollar petrochemical plant that will convert Marcellus Shale gas into feedstock (chemicals) to be used in agriculture, manufacturing, medicine, and transportation, coming in Clinton County in central Pennsylvania. The project is progressing and we have more details about what, exactly, the plant will produce.
- Joe Biden Briefly Appears in Pittsburgh, Lies About No New Fracking. Joe Biden is not well, that much was obvious yesterday as he made a brief appearance in Pittsburgh to falsely claim he never said he would ban fracking, and to falsely claim President Trump is to blame for ongoing riots and crimes in Democrat-blue cities across the country (like Portland).
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The Shale Gas News sponsored by Linde Corporation
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