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

…

…

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 U.S. Shale, OPEC, Russian hackers, geohazards 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, as a guest, we had Liz Bowman, Vice President of Communications for AXPC.

The Shale Gas News, typically, is broadcast live. On the March 26th show (click above), we covered the following new natural gas territory (see news excerpts below):

• Biden claimed 9,000 oil drilling permits are unused. That’s true, but all work can’t begin ‘right now’ – There are more than 9,000 permits to drill oil on federal lands, as President Biden claimed. But a variety of factors are keeping that work from getting started. Gas prices are still near record highs throughout the United States, leading some to claim that the oil industry could increase its production in the U.S. right now. On March 8, President Joe Biden announced a ban on Russian oil imports to the U.S. and called on companies to drill more domestic oil from federal lands.
• Will Russia-Ukraine Crisis Prompt Biden Administration Reset for Natural Gas and Oil Policy? The backdrop of the Russia-Ukraine conflict could be an opportune time for the Biden administration to improve the United States’ oil and gas investment climate and bolster domestic energy security, the North Dakota Petroleum Council (NDPC) and other industry organizations told NGI. NDPC’s Brady Pelton, vice president, said that Biden “has not really been a supporter of the fossil fuel industry” and has “soured up investors in the oil and gas plays and put them at a disadvantage.”
• ‘Watershed moment.’ SEC proposed landmark climate rules. Large companies that do business in the United States would be required within three years to lay bare their contributions and vulnerabilities to climate change — including, in some cases, the planet-warming emissions associated with their customers and suppliers.  That’s according to the Securities and Exchange Commission, which voted today to propose groundbreaking climate disclosure rules. It’s a landmark moment for President Biden, environmental groups and climate-concerned investors.
• U.S. Shale Execs, Including EQT’s Toby Rice, Meet w/OPEC in Houston. Only four (known) times since 2017 have U.S. shale producers met face-to-face with representatives from the OPEC cartel to discuss “energy concerns.” Yesterday was one of those four times, happening in Houston, Texas where everyone who’s anyone is meeting at the CERAWeek conference. (Yes, we’re nobodies…we aren’t there.) Among the shale execs meeting with OPEC was none other than the largest natural gas producer in the U.S. (and in the Marcellus/Utica), EQT CEO Toby Rice. What was discussed?
• Russian Hackers Target EQT, LNG Producers Just Prior to Ukraine War. Hackers, believed to be “state-sponsored,” aggressively targeted computers belonging to current and former employees at two dozen major natural gas suppliers and exporters. The aim seemed to be an attempt to cripple U.S. LNG exporting ability. One of the targets of the attacks was EQT Corporation, the largest natural gas producer in the U.S. The activity occurred on the eve of Russia’s invasion of Ukraine. You do the math to figure out who the “state sponsor” of the attacks was.
• All Pipeline Infrastructure in Appalachia at Risk of “Geohazards” – The CEO of Teren, an AI (artificial intelligence) machine learning software and content company focused on delivering rapid analysis of complex remotely sensed geospatial data, is making a rather bold claim: Literally *all* of pipeline infrastructure–as well as roads, electric transmission, and other assets–in the Appalachia region is at risk due to geohazards. What is a geohazard? Landslides and erosion, mostly. The CEO says his data shows 7,000 geohazards across 9,685 miles of pipeline in 26 counties in the Marcellus/Utica region.
• Research Analyst Predicts U.S. Natural Gas Headed Down to $3/MMBtu. We love a good contrarian point of view. We brought you news today of the market in a panic with the price of oil and natural gas heading higher based on fears over the Russian invasion and war against Ukraine. But right on cue, we spotted an article/analysis on the Seeking Alpha investors’ website that makes the case that natural gas prices will soon head much lower–back down to the $3/MMBtu range. At least here in the U.S. Why?

The Shale Gas News sponsored by Linde Corporation