External Affairs Coordinator, Cabot Oil & Gas
The Shale Gas News, heard every Saturday at 10 AM on 94.3 FM, 1510 AM and Sundays on YesFM, talked about oil prices, the bullish shale forecast, pipeline projects and much more last week.
The Shale Gas News has grown to THREE stations! We are now broadcasting with YesFM. YesFM will be airing the full 60 minute version of the program on Sunday mornings. YesFM broadcasts primarily in Sullivan and Bradford counties, with some ancillary coverage in neighboring counties and even over the border into New York.
Every Saturday Rusty Fender and I host a morning radio show to discuss all things natural gas. This week, as guests, we had Mike Narcavage, Community Relations Manager for Southwestern Energy Company, Nicole Jacobs, Field Director at Energy In Depth and Carla Wagner, Director of Canine Operations at CDIS-K9 Pipeline Leak Inspection.
The Shale Gas News, typically, is broadcast live. On the December 2nd show (click above), we covered the following new territory (see news excerpts below):
- $60 oil means supply and demand are finding balance. News this week of oil prices hovering near $60 a barrel simply reflects the intersection of supply and demand. Demand is gaining strength as the global economy strengthens — supported by oil prices that are about half of their 2014 peak. OPEC countries, led by Saudi Arabia and other large producers like Russia, have been more decisive and effective in controlling production. This is not to say that every large producer has cut back; however, the net effect has strengthened prices — but not to the point of killing off rising demand.
- Another Bullish Shale Forecast Adds to Confusion as OPEC Gathers. Add another bullish forecast for U.S. oil to the pile of confusion confronting OPEC. Researcher Rystad Energy AS predicted Wednesday that American output may pass 9.9 million barrels a day by December, based on an analysis of company correspondence and state data. That would be 200,000 barrels above the latest U.S. government forecast.
- New Study Finds ‘Very Low’ Methane Leakage Rates From Marcellus Shale. A new Department of Energy-funded study conducted by researchers from Penn State University finds that methane leakage rates from natural gas wells and other infrastructure in the Northeast Marcellus Shale are roughly 0.4 percent of production. This is just the latest peer-reviewed study finding methane leakage rates well below the threshold for natural gas to maintain its climate benefits over other traditional fuel alternatives.
- Fire at EQT Well Pad in Marshall County, WV. Yesterday, gas processing equipment at a Trans Energy well pad (now owned by EQT) in Marshall County, WV caught fire. The important things to know: (1) The fire was quickly extinguished, (2) nobody was injured, (3) this was not a well fire and was not related to drilling or fracking. There is a single operating Marcellus well at that location–drilled back in 2011. The well has been producing natural gas and other hydrocarbons since that time.
- Status Report for 10 Vital Marcellus/Utica Pipeline Projects. There are a number of important pipeline projects, key to moving Marcellus/Utica gas either out of our region, or to places in our region that urgently need it. Some projects we’ve been writing about for years–like the stalled Constitution Pipeline from Susquehanna County, PA into New York State. Others are relatively recent, like the Valley Lateral Pipeline, a short pipeline to feed a power plant being built in Orange County, NY.
- New Gas-Fired Power Plant Announced for Tioga County, PA. Energy Solutions Consortium, based in Buffalo, NY, has been trying to build a number of gas-fired electric plant projects in West Virginia for years. However, the regulatory environment in WV creeps along, like molasses, and none of the projects are even under construction–yet. WV’s own Secretary of Commerce, Woody Thrasher, recently said WV is downright unfriendly to electric plant projects. Meanwhile, Pennsylvania is building new Marcellus-fired electric plants left and right.
- DRBC Lawyer Nearly Faints 2nd Time When Questioned by Fed Judges. This is getting pretty old, fast. Two weeks ago MDN told you about a lawsuit that finally got it’s day in court–a case brought by a Wayne County, PA landowner against the Delaware River Basin Commission (DRBC) over its ongoing, 10+ year ban on fracking in the Delaware River Basin. Under “heaving questioning” the attorney for the DRBC fainted in the court room, ending the session that day. Both sides were back in court yesterday to finish what began two weeks ago, and the judges once again turned up the heat on the DRBC attorney–and he almost fainted again, having to sit down (delaying proceedings for a time).
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