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Shale Gas News – June 17, 2017

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 and 1510 AM, talked about methane rules, the export boom, a 4-well pad and much more last week.

Every Saturday Rusty Fender and I host a morning radio show to discuss all things natural gas. This week we had Mike Atchie, Public Outreach Business Partner at Williams, as a guest.

shale gas news

The Shale Gas News, typically, is broadcast live. On the June 17th show (click above), we covered the following new territory (see news excerpts below):

  • Agencies Slow Methane Rules Opposed by Oil, Gas Industry. WASHINGTON — The Trump administration is delaying two Obama-era regulations aimed at restricting harmful methane emissions from oil and gas production. The Environmental Protection Agency said it is seeking a two-year delay for oil and gas companies to follow a new rule requiring them to monitor and reduce methane leaks from their facilities. The delay follows a 90-day pause ordered earlier this year.
  • Lessons of the Energy Export Boom. Sometimes politics changes so rapidly that few seem to notice. Remember the “energy independence” preoccupation of not so long ago? The U.S. is now emerging as the world’s energy superpower and U.S. oil and gas exports are rebalancing global markets. More remarkable still, this dominance was achieved by private U.S. investment, innovation and trade—not Washington central planning.
  • New Easement for Shell Ethane Cracker Pipeline Reveals Price Paid. Bit by bit, piece by piece, Shell is getting landowners in Beaver County, PA to sign easements for its 94-mile Falcon Ethane Pipeline–a pipeline with two “legs” that will feed Shell’s mighty ethane cracker plant. MDN exclusively broke the news in February 2016 that Shell had begun to sign leases with landowners for the pipeline. As we later learned, it’s “one” pipeline with “two” legs or branches.
  • Rex Energy Crows re Results from New 4-Well Pad in Butler County, PA. Rex Energy began selling natural gas, gas liquids and condensate from its four newest wells, part of the “Baird” pad (in Butler County, PA) on May 31st. The company issued a press release yesterday to do some well-deserved crowing about their wells. Two of the wells (the 1H and 4H) are Marcellus wells and initial production is averaging 12.1 million cubic feet equivalent per day (Mmcfe/d).
  • XcL Midstream Building New Dry & Wet Gas Gathering Pipes in WV. It doesn’t happen often, but every now and again we read about driller or (in this case) pipeline company operating in the Marcellus/Utica we had never heard of before. Such is the case today. A new (to us) midstream company, XcL Midstream, has formed and is already building a dry gas gathering pipeline system in West Virginia, with plans to build a wet gas gathering system in WV too.
  • Amazing: Cabot O&G Invests $4.6 BILLION in One PA County in 10 Yrs. Something truly amazing is happening in rural Susquehanna County, PA, nestled in the northeastern corner of the state (shares a border with Broome County, NY, where MDN is located). At a special event yesterday held in Montrose, the county seat, Cabot Oil & Gas announced a major milestone. Cabot has, over the past ten years, paid out $1 billion in royalties and another $500 million in lease bonuses.

The Shale Gas News sponsored by Linde Corporation

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