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Shale Gas News – November 25, 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, 1510 AM and Sundays on YesFM, talked about road improvements, severance tax, paid agitators 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 Jim Cheunes, Gas & Oil Field Manager of Best Line Equipment and John Plowman, Executive Director of Hunters Sharing the Harvest.

shale gas news

The Shale Gas News, typically, is broadcast live. On the November 25th show (click above), we covered the following new territory (see news excerpts below):

  • Ohio Counties Have Received More Than $300 Million For Road Improvements From Utica Shale Operators.  The Ohio Oil and Gas Association (OOGA) and Energy In Depth (EID) Ohio announce the findings of an analysis of road improvements made by Ohio’s oil and gas operators through the Road Usage Maintenance Agreement (RUMA), in its second report in The Utica Shale Local Support Series: Ohio’s Oil & Gas Industry Road Improvement Payments. In total, the upstream oil and natural gas industry has spent more than $300 million in eight Ohio counties from 2011 to the first quarter of 2017, and improved more than 630 miles of roads from these investments alone.
  • PA House Begins Debate Over Natural Gas Drilling Tax.  HARRISBURG (WSKG) — House lawmakers have begun moving a natural severance tax through their chamber.  It’s major priority for Democrats, who have been trying unsuccessfully to pass one for a decade. But it’s slow going–the bill is saddled with well over 300 amendments. Along with Democrats, the tax is championed by a coalition of moderate, largely southeastern Republicans.
  • Poland signs 5-year US natural gas import deal. Poland’s state-owned oil and natural gas company signed a five-year deal Tuesday to import liquefied natural gas (LNG) from the United States. The deal is between Polish Oil and Gas Company Group (PGNiG) and Centrica LNG Co., for shipments between 2018 and 2022, the parties said. The gas will go through Cheniere Energy’s Sabine Pass LNG terminal in Louisiana.
  • FERC Denies NY DEC Request for Pipeline Rehearing, Heads to Court. It’s “game on” between the Federal Energy Regulatory Commission (FERC) and the New York Dept. of Environmental Conservation (DEC). The DEC had arbitrarily, after more than one year of review, ruled against issuing a federal water crossing permit for a tiny 7.8 mile pipeline Millennium needs to build from its main pipeline to an electric generating plant under construction in Orange County. The power plant is due to be completed in early 2018, and needs a fuel supply.
  • Rice Energy CEO Dan Rice Gets $2.6M Golden Parachute from EQT. The golden parachute has popped open for Rice Energy’s former CEO, Dan Rice IV. And it’s worth $2.6 million. EQT filed paperwork with the Securities and Exchange Commission last week to say that Dan Rice IV has been terminated (as an employee) as of the day the two companies merged. In a deal worked out prior to the merger, Dan is getting a check for $2.6 million–$1.91 million as a severance payment and $704,000 in lieu of his annual bonus. Which frankly doesn’t sound like a whole lot, given Dan was one of the shareholding owners of Rice Energy.
  • Paid Agitators Shut Down Traffic at Energy Co Offices Near Pittsburgh. Hey, it’s Thanksgiving break, woo hoo! Time for brainwashed college kids to break the law and claim they’re doing their civic duty by shutting down traffic in front of “evil” companies that are part of the Marcellus industry. A lawless mob of perhaps two dozen maleducated young people along with some old hippies (most of whom were from out-of-state, i.e. paid agitators) set up roadblocks and other elaborate structures in front of the Southpointe business park in Washington County, PA, near Pittsburgh.
  • 63K Gal. Brine Spill at Inflection Well Pad in Lycoming County. Approximately 63,000 gallons of treated brine (naturally occurring, very “salty” water that comes out of a well long after it’s drilled) spilled in an accident at an Inflection Energy well pad in Eldred Township, Lycoming County, PA, on Monday. Inflection blames a contractor and operator error for the spill, which happened after an already-full tank was overfilled.

The Shale Gas News sponsored by Linde Corporation

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