Shale Gas News – June 15, 2019

Bill 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 how fracking saves lives, U.S. Freedom gas, a high school textbook 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 guests, we had Thomas J. Pyle, president of the Institute for Energy Research and president of the American Energy Alliance and Lois Kaneshiki, Board Director, Hollidaysburg Area School District.

Shale gas news

The Shale Gas News, typically, is broadcast live. On the June 15th show (click above), we covered the following new territory (see news excerpts below):

  • Fracking saves low-income Americans’ lives.  Fracking helped save the lives of roughly 11,000 Americans each winter from 2005 to 2010, according to a recent National Bureau of Economic Research paper.  How? By driving down energy prices and helping them affordably heat their homes. Demographers have long observed that low-income people die at higher rates during the winter months. This “excess winter mortality” has a simple, heartbreaking cause — people keep their dwellings uncomfortably cold to reduce their heating bills.
  • U.S. ‘Freedom Gas’ Aims to Loosen Russia’s Grip on Europe’s Market. More “freedom gas” from U.S. shale basins is earmarked for Europe after the company behind a Louisiana export project expanded a deal with Poland.  Venture Global LNG Inc. will send Poland’s PGNiG 2.5 million tons of liquefied natural gas from the yet-to-be-built Plaquemines terminal, up from 1 million in a previous agreement, according to a filing Wednesday. The pact boosts the odds that Venture Global will decide to move forward with the $8.5 billion project, which isn’t expected to start up until 2022.
  • U.S. Oil, Natural Gas Revolution ‘Alive and Kicking,’ Says BP’s Chief Economist. Energized by over-the-top results in the Lower 48, U.S. oil and gas consumption and production growth accelerated in 2018 at a record pace, solidifying the country as the world’s largest producer, BP plc said in its latest statistical overview. The supermajor’s touted benchmark report, the 68th annual Statistical Review of World Energy, compared year/year data for 2018 from 2017. Chief economist Spencer Dale held court during a press conference to unveil the findings.
  • High school climate indoctrination using AP environment textbooks. Jordan Peterson, a worldwide pop-culture self-help phenomenon and University of Toronto psychology professor, has repeatedly warned that “Liberal colleges aren’t about education; they’re about political activism.” It is widely believed and experienced by conservatives that our universities are doing more to indoctrinate our students than truly educate. What many people do not realize is the same thing is being done in our public K-12 schools.
  • Rice Brothers, EQT Accuse Each Other of “Misleading” Statements. The war to control EQT continues. On Monday, Toby and Derek Rice (the Rice brothers) sent an open letter to EQT shareholders to “set the record straight on EQT’s misleading comments” about the Rice boys and their plan to take over EQT. In fact, the Rices’ say EQT has made “a number of false claims” and engaged in “personal attacks.” Yesterday, EQT issued a response to “correct the Toby Rice Group’s false and misleading statements” about what EQT said, and to “highlight significant omissions and errors” in the Rice analysis of EQT’s recent performance.
  • Marcellus/Utica Ethane Supplies at Tipping Point – Action Needed NOW. Last week and TopLine Analytics hosted the one-day Appalachian Storage Hub Conference in Canonsburg, PA. Charles Zelek, a senior economist with the U.S. Dept. of Energy’s Office of Fossil Energy was one of the speakers. According to our friends at Kallanish Energy who attended, Zelek “implored” the audience to establish an ethane storage hub in the Tri-State area. Like now, before it’s too late.
  • Range Resources Lays Off 5% of Employees – PA Affected. Yesterday the Pittsburgh Business Times broke the news that Range Resources, one of the Marcellus/Utica’s biggest drillers (and in fact the very first driller to sink a Marcellus well, back in 2004), has laid off 40 employees–roughly 5% of its workforce. The layoffs are split between the company’s Pennsylvania and Texas operations.

The Shale Gas News sponsored by Linde Corporation

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One thought on “Shale Gas News – June 15, 2019

  1. Hi Bill! Why don’t you come out and take a good look at this moldy,disgusting,nonfunctioning, supposed “treatment system “ that the company you think is so wonderful put here.? I’d be more than happy to post pictures for everyone to see but for some reason I can’t.

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