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Shale Gas News – September 30, 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 NG Advantage, crude prices, the top drillers 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 we replayed two interviews from this past February with Bruce Thompson, President of the American Exploration & Production Council and Bill Shane of Skills in Scranton.

shale gas new

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

  • NG Advantage Meeting in Fenton Goes Well; Were Minds Changed? Vic Furman reports on the meeting last night in the Town of Fenton regarding the NG Advantage proposal. It went well. Could some minds have been changed?Tonight was another night where two sides met in a forum opposing each others opinion on a proposed NG Advantage transfer station. Enrico (“Rico”) Biasetti, the CEO from NG Advantage, gave a great presentation to the audience, who mostly sat quiet and listened. It was very informational and helped dispel many of the myths being spun by antis.
  • Emissions Are Down as New Technologies Increase Production. There is no doubt about it, the air we are breathing is cleaner than it has been in nearly thirty years. This is not because of government forced regulation or from the onslaught of environmentalists’ pressures, but rather, it is largely in thanks to natural gas. The United States has been a leader in reducing carbon emissions and improving air quality for some time now – without relying upon the Climate Accord.
  • US oil producers lock in prices after crude’s rally. North American oil producers have pounced on the recent rise in crude prices to lock in sales at current levels, something that could safeguard prospective shale output in the face of a future downturn. Bankers and brokers say hedging in the US and Canada has accelerated as West Texas Intermediate crude pushes above $50 a barrel, a break-even price for many shale oil companies.
  • Texas Private Equity Firm Forms to Invest in Marcellus/Utica.  District 5 Investments, an energy-focused private equity firm based in Texas, has formed a new subsidiary called Pathfinder Resources in order to invest in the Marcellus/Utica region. According to an announcement yesterday, Pathfinder will focus on acquiring “producing and non-producing oil and gas mineral interests, royalty interests and non-operated working interested” across the U.S., but starting first in the Marcellus/Utica.
  • Antero Resources Picks Up a Cool $1B from “Delevering” Initiative. Ever hear the word “delevering” used in a sentence? How about this: “Antero Resources announces completion of $1 billion delevering program.” Yeah, financial mumbo jumbo. What the heck is delevering? We’re not quite sure. But we can interpret Antero Resources’ announcement yesterday for you, which included the aforementioned sentence. Here’s the translation: Antero has raised $1 billion by selling new units (think shares of stock) in its pipeline subsidiary ($311 million raised), and by monetizing its natural gas hedge portfolio ($750 million raised).
  • Top 10 Drillers in SWPA, by Number of Permits Issued. Every now and again it’s fun to take a look at a “Top 10” list. Here’s one for you. How about a Top 10 List for drillers in southwestern PA, in Allegheny, Armstrong, Beaver, Butler, Clarion, Fayette, Greene, Indiana, Lawrence, Washington, and Westmoreland counties. This Top 10 list ranks drillers by how many shale well permits they’ve been granted. The list is extracted from a Top 40 list prepared by the (must read) Pittsburgh Business Times.
  • First-Hand Account: Rover Pipe’s Negative Impact on One Ohio Farm. Not everyone on the “pro” side of the pipeline issue is happy with Rover Pipeline and the work they’ve done in Ohio. You know that MDN is supportive of the Rover project. You also know that MDN believes Craig Butler, director of the Ohio EPA, is way out of line with his campaign to fine Rover $2.3 million. However, Rover is not lily white in their handling of building the pipeline across Ohio. They’ve made mistakes. And they’ve made some enemies of the people who should be their biggest supporters–farmers whose land they cross.

The Shale Gas News sponsored by Linde Corporation

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