Shale Gas News – July 14, 2018

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 the Nord Stream 2, electric blackouts, oil and gas wages and much more last week.

The Shale Gas News has grown again; welcome Gem 104 as our FOURTH station! Gem 104 helps to solidify the Shale Gas News coverage in an important Marcellus region, PA’s northern tier. 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. The Shale Gas News is aired on Saturday or Sunday depending on the station.

Every Saturday Rusty Fender and I host a morning radio show to discuss all things natural gas. This week, as a guest, we had Daniel B. Markind, Esq., Chair of the business group at Weir and Partners, LLP.

Shale Gas News

The Shale Gas News, typically, is broadcast live. On the July 14th show (click above), we covered the following new territory (see news excerpts below):

  • President Trump Blasts Germany Over Nord Stream 2 Deal. President Trump calls out German Chancellor Angela Merkel over the Nord Stream 2 pipeline deal she made with Russia, calling it “very inappropriate.”  President Donald Trump kicked off the 2018 NATO summit by blasting Germany over the Nord Stream 2 pipeline deal.  At the opening reception, Trump declared: “We are protecting Germany, we are protecting France, we are protecting all of these countries and then numerous of the countries go out and make a pipeline deal with Russia where they are paying billions of dollars into the coffers of Russia.  I think that is very inappropriate.”
  • Anti-Fossil Fuel CA, NY, MA Scramble to Avoid Electric Blackouts. Saturday morning 34,500 residents in Los Angeles lost their electric power, in the midst of a dangerous heat wave. The cause? Not enough electricity to power all those air conditioners. Last winter Massachusetts and New England came razor close to losing electric power for millions of residents during an extended cold snap that went on for weeks. The only thing that saved their bacon was firing up a bunch of 1960s oil burning power plants. And the very town where MDN editor Jim Willis lives (Windsor) in Upstate New York is about to embark on a project to stick 33 wind mills across thousands of acres–wind mills that are 60 stories high and will kill bald eagles living in the area. These three seemingly separate stories have one thing in common–each state is anti-fossil fuel. They all desperately need more electricity.
  • Appalachia Resist! OH “Camp” Trains Children to be Eco-Jihadists. We find this story truly disgusting, and disturbing. On the Fourth of July, a small group of parents in Ohio forced their children to attend an Appalachia Resist! protest “camp” in Athens where the kids were brainwashed and indoctrinated, taught to hate fossil fuels and hate the people that work to extract them. Perhaps parents passing down their irrational hatred to their children is nothing new–but teaching kids how to sabotage equipment and spike trees, in order to stop legal fossil fuel extraction activities, is rather new–or at least not something you see a lot of. What kind of country have we become where parents do this to their kids?
  • Oil & Gas Workers Make Highest Average Paychecks in U.S.  Oil and gas is back, and back in a big way. During the downturn in 2015-2016, hundreds of thousands of people lost their jobs in the shale industry when companies like Chesapeake Energy, Halliburton and others laid off thousands at a time. Our industry is a boom and bust industry, there’s no denying it. The work is there, until it isn’t. Last year our industry began to turn around once again. These days, workers are once again in high demand.
  • Top 25 Producing Gas & Oil Wells in Ohio Utica for 1Q18. The Ohio Dept. of Natural Resources (ODNR) issued production numbers yesterday for the first quarter of 2018. Natural gas production was up an astounding 43% over the same period last year. In fact, Utica natgas production hit a new all-time high of 531.3 billion cubic feet (Bcf) in 1Q18. However, Utica oil production was down 3.6% over the same period last year. Ohio’s oil production has seesawed over the past few years. It increased last quarter and the quarter before.
  • Where is Production Increasing (& Decreasing) in Marcellus/Utica? Natural gas production in the U.S. has rocketed skyward in just the past few weeks. According to the experts at RBN Energy, “the abruptness and sheer strength with which production has surged” has “taken the market by surprise.” Gas production rose in every region of the country, but it rocketed in one region in particular. Yep, in the Marcellus/Utica. When you look at how much our region was producing on June 7, and then again on June 28, the difference in just those three weeks is astonishing.

The Shale Gas News sponsored by Linde Corporation

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