shale gas news
Bill desRosiers
External Affairs Coordinator, Coterra Energy
Host, Shale Gas News

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The Shale Gas News, heard every Saturday at 10 AM on 94.3 FM, 1510 AM, 1600 AM, 104.1 FM and Sundays on YesFM, talked about Permian Basin, Chesapeake Energy, Build Back Better and much more last week.

The Shale Gas News has grown again to the Williamsport area on stations WEJS 1600 AM & 104.1 FM. The Shale Gas News is now broadcasting in Bradford, Lackawanna, Lancaster, Lebanon, Luzerne, Lycoming, Pike, Sullivan, Susquehanna, Tioga and Wayne Counties, as well as in greater central PA and now the Williamsport area. The Shale Gas News is aired on Saturday or Sunday depending on the station.

Every Saturday Rusty Fender, Matt Henderson and I host a morning radio show to discuss all things shale gas. This week we played the State of American Energy with Amanda Eversole, executive vice president & chief operating officer at American Petroleum Institute (API).

The Shale Gas News, typically, is broadcast live. On the January 22nd show (click above), we covered the following new natural gas territory (see news excerpts below):

• Permian Basin: high oil price breathes new life into US shale. The traffic has returned to highways that months ago were quiet. Stores are opening in previously boarded-up buildings. Restaurants that were dead are bustling again with diners. In downtown Midland — the epicentre of US oil production — an electric sign alternates between showing an American flag and the words: “It’s a great day to drill an oil well.” Almost two years after the pandemic triggered one of the worst oil price crashes in history — and 12 months after the inauguration of a president championing a transition away from fossil fuels — the heart of America’s oil industry is pumping more than ever before.
• Exclusive: Chesapeake Energy nears $2.4 bln deal to buy Chief Oil & Gas -sources. Chesapeake Energy Corp (CHK.O) is in advanced talks to acquire privately owned natural gas producer Chief Oil & Gas for around $2.4 billion, including debt, people familiar with the matter said on Wednesday.  A deal for Chief Oil & Gas, founded and controlled by Texan ‘wildcatter’ Trevor Rees-Jones, could be announced as soon as this week, the sources said. In wildcat drilling, exploration wells are dug in areas not known to be natural resource fields.
• Oil prices will surge to $100 this year, Goldman Sachs warns. Goldman Sachs is now calling for oil prices to hit $100 a barrel later this year and continue rising in 2023, signaling higher prices at the pump are on the way.  In a Monday evening report to clients, the Wall Street bank backed up its bullish call by citing “robust fundamentals” in the oil market, a “surprisingly large” supply deficit and diminishing firepower from OPEC and its allies. Goldman Sachs (GS) also pointed to diminished appetite to invest in oil due to the energy transition.
• Oil nears $87 after Keystone Pipeline canceled one year ago. Joe Biden was inaugurated on Jan. 20, 2021, and within hours the new president could not wait to sign a slew of executive orders. Yet the one that has set the tone for his presidency and perhaps laid the groundwork for his plunging popularity and surging inflation was canceling the permit for the Keystone XL Pipeline.
• Biden resets BBB: ‘I think we can break the package up’ – President Biden said yesterday he would support breaking up or paring down the “Build Back Better Act,” pointing specifically to the $555 billion in climate spending as a key area of agreement.  “I think we can break the package up, get as much as we can now and come back and fight for the rest later,” Biden said yesterday during a news conference marking nearly one year in office.  “I’ve been talking to a number of my colleagues on the Hill,” Biden added. “I think it’s clear that we would be able to get support for the 500-plus billion dollars for energy and the environment.”
• How FERC, courts may change pipeline industry in 2022. The Federal Energy Regulatory Commission, courts and states are poised to set policies in 2022 that could make long-term changes to the natural gas pipeline industry, following a year that saw cancellations of major projects.  FERC is under heightened pressure this year to reform the way it greenlights new pipelines, following recent court rulings and criticism that it has not done enough to analyze the environmental effects of natural gas infrastructure.
• `Responsibly Sourced’ Gas Finds a Niche as Some See Greenwashing – From organic chicken to fair-trade coffee, buyers have increasingly shown they’re prepared to pay more for products that meet higher environmental and social standards. The U.S. natural gas sector is wagering its customers will do the same. A growing list of companies is getting behind the concept of “responsibly sourced gas,” or RSG. The pitch: Some sources of gas are dirtier than others in terms of the methane emissions associated with production. Utilities under investor pressure to get greener might pay up for the ostensibly cleaner fuel, the thinking goes, making the certification worth the time and money.

The Shale Gas News sponsored by Linde Corporation