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Shale Gas News – September 10, 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 dry gas drilling, Rice Energy, Frackibacter 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, Manager of Public Outreach from Williams, Kevin Lynn, Communications Director for Linde Corp., and Jessica Sena, Communications Advisor to the Montana Petroleum Association as guests.

Shale Gas News

The Shale Gas News, typically, is broadcast live. On the September 10th show (click above), we covered the following new territory (see news excerpts below):

  • After Colorado ban fracking initiatives fail, what’s next? The latest chapter in the drawn-out fight over where energy producers can drill in Colorado came to a close this week, as two oil and gas related ballot initiatives failed to get enough signatures to actually make it on the November ballot. But these contentious issues aren’t going anywhere.
  • Enviros campaign to ban HF in Florida…where there is no HF. More than 100 Florida political candidates have signed on to environmentalists’ petition calling for a statewide ban of hydraulic fracturing despite the fact there’s no actual hydraulic fracturing occurring in the state.
  • Why Utica Drillers are Moving from Wet Gas to Dry Gas. This was an update to a story MDN ran two weeks ago observing that Utica drillers have slowed (or even stopped) their wet gas drilling work and instead have shifted to drilling Utica wells, in Ohio, in the dry gas areas. A quick reminder for listeners, dry gas is methane or natural gas, and natural gas liquids, called NGLs, are other hydrocarbons that come out of the borehole along with methane–things like ethane, pentane, propane and butane.
  • Frackenstein! Researchers Find New Life Form in Fracked Utica Wells. Writing about natural gas drilling day can be as dry as toast. But every now and again a story comes along that Jim has a little fun with–just to spice things up. This was one of those stories. Researchers from Ohio State University have been analyzing the genomes of microorganisms (that is, bacteria) that live in Utica Shale wells. Who would think to do something like that? Anyway, the researchers quote “have found evidence of sustainable ecosystems taking hold there–populated in part by a never-before-seen genus of bacteria they have dubbed ‘Frackibacter.’”
  • Dominion Locks Out Labor Union Workers in the Northeast and Mid-Atlantic. A labor union contract between Dominion Transmission and Local 69 of the Utility Workers Union of America expired on April 1st. Since that time the two have come to the bargaining table many times, without success.
  • Magnum Hunter Finds New CEO to Replace Forced-Out Gary Evans. Magnum Hunter Resources Corporation, a driller 100% focused on the Marcellus/Utica, emerged from bankruptcy in May less than five months after filing. We were surprised to learn that MHR’s flamboyant CEO, Gary Evans, was gone from the company as they emerged from bankruptcy.
  • Rice Energy Prime Prospect for M&A Buyout? One of the lowest cost producers that gets some of the highest prices for its natural gas in the Marcellus/Utica is Rice Energy. The difference between what it costs Rice to produce gas, 90 cents per thousand cubic feet, verses what they sell it for–an average of $3.12 per thousand cubic feet–means Rice makes a whopping 247% internal rate of return.

The Shale Gas News sponsored by Linde Corporation

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