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Shale Gas News – July 30, 2016

shale gas news - desRosiers_headshotBill desRosiers
External Affairs Coordinator, Cabot Oil & Gas

 

The Shale Gas News, heard every Saturday at 10 AM on 94.3 FM, talked about CONSOL Energy, Alabama Pipeline, Shell Ethane Cracker and much more last week.

Every Saturday, I help host a morning radio show to discuss all things natural gas. This week, I joined the show from the Pittsburgh area with Rusty Fender as my sidekick.

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Shale Gas News

The Shale Gas News, typically, is broadcast live. On the July 30th show (click above), we covered the following new territory (see news excerpts below):

  • Board Shakeup at CONSOL Energy – 3 Retire, Including Chairman. In February there was a major shakeup at CONSOL Energy at the highest level. Three CONSOL board members are out, three new members are in.
  • More Info Comes to Light About McClendon’s Last Days/Last Moments.  In March the world was stunned to learn that one of the most recognizable names with fracking, Aubrey McClendon, was killed in a car crash. McClendon was co-founder of Chesapeake Energy and led that company until he was forced out in 2013. He turned around founded another company, American Energy Partners.
  • 2 Rigs Reactivated – One in WV, the Other in OH. MDN is a blog site, so sometimes Jim shares rumors that come his way–if he has cause to believe them. This article was based on one such rumor, from a reliable source. Jim learned that Northeast Natural Energy had contracted a rig in West Virginia for drilling in that state, and Eclipse Resources (headquartered in State College) contracted a rig in the Ohio Utica.
  • Breaking: Shell Pulls the Trigger, PA Ethane Cracker is a Go! MDN was one of the first to break the fantastic news that Shell has committed to build an ethane cracker plant in Monaca (Beaver County). Jim discovered the news in a press release from Shell touting the company’s “Capital Markets Day”–the one day each year when Shell wines and dines investors and analysts at company headquarters in the Netherlands.
  • Marcellus/Utica Gas May Head to Georgia & Florida via Alabama Pipeline. Marcellus shale gas may get access to an important new market, but not until 2019. Northeast gas will be able to service the populous southeastern states of Georgia and Florida in about three years’ time with the construction of two new pipelines. The first pipeline’s called the Sabal Trail and is a 516-mile pipeline from Alabama through Georgia and through much of Florida. The Federal Energy Regulatory Commission has approved Sabal Trail. But how would northeast gas actually get to Alabama? That’s where a shorter intrastate pipeline in Alabama comes into play. American Midstream Partners announced an “open season” in February for a 45-mile extension of the Magnolia Intrastate pipeline. If built, the Magnolia expansion would connect to other pipelines, one of which connects to Sabal Trail.
  • Exclusive: Huntley & Huntley Hires Big Fish to Expand Marc/Utica Program. MDN is a news curator and aggregator. Editor Jim Willis locates stories, and then provides his own “take” on those stories, reminding people of the history for a given story, and telling folks why he thinks a story is or is not important. Every now and again MDN gets to break news. This was one of those times. Huntley & Huntley, a smaller exploration and production company headquartered in western Pennsylvania, hired a really big fish to work on expanding the company’s Marcellus and Utica program.
  • More Progress at Shell’s PA Ethane Cracker Plant Site. This story was run before Shell made their announcement confirming they will build the cracker plant. Jim likes to speculate and point out bits of evidence he finds to support his speculating. In this case, Jim pointed out, before the final investment decision by Shell, that Shell had already spent $500 million on the cracker project.

The Shale Gas News sponsored by Linde Corporation

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