Shale Gas News – April 24, 2021

Shale Gas NewsBill desRosiers
External Affairs Coordinator, Cabot Oil & Gas

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 the Trolley Trail, carbon, wet sand 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 natural gas. This week, as a guest, we had Bill Kern, Executive Director of Countryside Conservancy and Mike Atchie, Public Outreach Business Partner at Williams.

Shale Gas News

The Shale Gas News, typically, is broadcast live. On the April 24th show (click above), we covered the following new natural gas territory (see news excerpts below):

  • Power, industrial users to benefit from US carbon-capture tax credit proposal. A US carbon-capture tax credit that has allowed oil drillers to tap depleted wells would also help the power and industrial sectors under a US House of Representatives proposal to increase payments and make the program permanent. The so-called 45Q carbon sequestration program currently expires in 2025.
  • WHITEHEAD: Why oil, gas workers aren’t seek on transition narrative. With their industry under assault, oil and gas workers are being assured they can simply transition to renewable energy jobs. John Kerry even recently quipped that oil and gas workers “can be the people who go to work to make solar panels.” Easy peasy, apparently. So, why is this “just transition” narrative being met with deep skepticism and even anger from oil and gas workers? Because the notion that a simple “transition” to jobs that typically pay less — or don’t even exist at all — is as misguided as the belief we can quickly pivot to 100 percent renewable energy.
  • NY Bill Outlaws New Gas-Fired Power Plants + Factories Burning Gas. The vicious, relentless attacks on our freedoms and liberties in New York State continue. We can’t even catch our breath with the assaults coming so fast and furious. The latest salvo is by NY State Sen. Jessica Ramos (Democrat, East Elmhurst) who has proposed the Clean Futures Act (S.5939) which would not only ban the permitting and building of new natural gas-fired power plants throughout the state, it would also ban “the permitting of all new major facilities that burn fossil fuels, not just those that sell power to the energy grid.” In other words, any large office building, factory, etc. that gets built would not be able to heat with natural gas or fuel oil.
  • Natural Gas Bans in Cities Lead to the Use of MORE Natural Gas. This is how stupid liberals are: They think banning fossil fuels, like natural gas, will lead to less carbon dioxide in the atmosphere. It doesn’t. Citywide (and soon statewide) bans preventing the use of natural gas for cooking and home heating actually force the use of *more* natural gas, not less.
  • Ohio Utica Shale Production 2020 by Quarter + Top 25 Gas & Oil Wells. Each quarter the Ohio Dept. of Natural Resources (ODNR) issues an update on Utica (and Marcellus) oil and natural gas production. ODNR no longer issues a summary press release as they once did, which means the quarterly updates kind of fell off our radar. An astute MDN subscriber emailed to ask about the 4Q numbers for Ohio. We checked and discovered we had only reported on 2Q numbers for all of 2020! Today we correct that oversight.
  • Chesapeake Energy Shifting to “Wet Sand” for All Well Completions. In February Chesapeake Energy finally emerged from Chapter 11 bankruptcy shedding $7.8 billion worth of debt. Also in February, the company announced it would end its ill-advised dalliance with trying to convert the company from exploring for natural gas to oil, refocusing back on natgas. Chesapeake is one of the biggest drillers in the Marcellus of northeast Pennsylvania, so any major changes it makes to the way it drills and completes wells is big news for us.
  • Biden’s ‘Infrastructure’ Bill a Death Sentence for Natural Gas. The headline of this post and indeed the post itself (below) is not our view or opinion. It was authored by an oil and gas industry veteran, David Blackmon, writing on the Forbes magazine website. Yes, we previously covered the absolute disaster that Biden is pedaling as an “infrastructure” plan. We’re not the only ones pointing out the Biden emperor has no infrastructure clothes. We’re not the only ones pointing out the fact this so-called jobs bill is nothing more than the New Green Deal in a different form.

The Shale Gas News sponsored by Linde Corporation

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