Shale Gas News – February 20, 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 DRBC Frack Ban, RGGI, a Seneca Rig 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 we played a YouTube interview with Alex Epstein, President and Founder of Center for Industrial Progress (CIP), talking with other energy experts about what is going on in Texas.

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Shale Gas News

The Shale Gas News, typically, is broadcast live. On the February 20th show (click above), we covered the following new territory (see news excerpts below):

  • Newsom’s call for fracking ban could lead to recall headache. A proposed fracking ban promises to complicate Gov. Gavin Newsom’s political calculations as a recall campaign gains steam.  Newsom called last year for state lawmakers to send him a ban on new hydraulic fracturing permits, and Sen. Scott Wiener (D-San Francisco) is planning to introduce a bill Wednesday. It was already shaping up to be one of the biggest fights of the year in a Covid-restricted Legislature that has balked at previous attempts to rein in petroleum production.
  • EPA to scrap Obama-era power plant rule. The Biden administration has told states it won’t revive Obama-era requirements for cutting greenhouse gas emissions from power plants, amid lingering confusion after a federal court overturned the Trump EPA’s Affordable Clean Energy (ACE) rule.
  • DRBC Frack Ban Heading for Defeat in October Trial. In January MDN told you that after five loooong years, a federal judge in Scranton, PA had finally ruled the Wayne Land and Mineral Group (WLMG) v. Delaware River Basin Commission (DRBC) lawsuit will go to trial this year. We’ve since learned the trial is set to begin in October.
  • Gov. Wolf Admits Carbon Tax Will Close Coal, Gas-Fired Plants. Pennsylvania Gov. Tom Wolf is openly admitting that his cockamamie plan to force PA to join the Regional Greenhouse Gas Initiative (RGGI)–a carbon tax scheme that will cost PA residents $2.36 billion over ten years–will in fact cause the closure of coal and gas-fired power plants throughout his state. Wolf’s brilliant plan to overcome the big negatives of power plant closings? A new government program, funded by taxpayers.
  • How Biden’s Drilling Ban on Federal Lands Affects the M-U. On Joe Biden’s first day in occupying the White House, he signed an Executive Order (EO) suspending new oil and gas leasing while the Interior Department reviews existing leases and permitting practices for 60 days. The aim is to make the federal lease ban permanent. However, some permits on existing leases will continue to be issued during the 60-day review period. You may think Biden’s federal lease ban does not affect the Marcellus/Utica region. You would be wrong.
  • Alta Resources Shopping 547K Marcellus Acres, Asking $3B. We don’t write much about Alta Resources, a shale drilling company co-founded by the inventor of shale fracking, George Mitchell. But that doesn’t mean Alta doesn’t drill in the Marcellus. The company owns some 547,000 gross (239,000 net) acres producing natural gas from approximately 900 wells in the Marcellus Shale across Bradford, Wyoming, Sullivan, Lycoming, Clinton, and Centre counties in northeast Pennsylvania. Alta is shopping all of their considerable Marcellus assets, looking for a buyer.
  • Seneca Adding Another Rig in Tioga County, PA Thx to Pipe Expansion. Last Friday National Fuel Gas Company (NFG), the parent company for Seneca Resources and Empire Pipeline, issued its latest quarterly update for the quarter ending Dec. 31 (NFG’s first quarter 2021, everyone else’s fourth quarter 2020). Among the pearls of good news for NFG is that the company is adding a rig back in Tioga County, PA to drill on acreage NFG purchased from Shell.

The Shale Gas News sponsored by Linde Corporation

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