Shale Gas News – March 30, 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 LNG, offshore drilling, the Shell ethane pipeline 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 John Augustine, President & CEO of Penn’s Northeast.

Shale Gas News

The Shale Gas News, typically, is broadcast live. On the March 30th show (click above), we covered the following new territory (see news excerpts below):

  • Despite Recent Victories, New York Natural Gas Pipes Still Facing Fierce Opposition.  Opponents are once again lining up to challenge long-pending natural gas pipelines in New York after the projects scored recent victories at both FERC and in the courts, signaling that an uphill battle is still ahead to get the infrastructure in service after years of delays. Constitution Pipeline finally got a second chance in February when the Federal Energy Regulatory Commission indicated it would reconsider a decision made last year about whether New York took too long to issue a water quality certification (WQC).
  • U.S. LNG Tipped To Go Global On Abundant Supplies. Liquefied Natural Gas (LNG) market sentiment is increasingly leaning in favor of substantial volumes of North American, especially U.S., cargoes heading to global markets, as ample supply is pushing rising shale gas production into export markets and beyond the reach of continental pipelines.
  • Offshore Drilling Makes a Comeback After Years in Shale’s Shadow.  Offshore is ready for the limelight again.  After years in the shadow of the U.S. shale patch, deep-water explorers from Royal Dutch Shell Plc to Talos Energy Inc., along with contractors such as Ensco Plc and TechnipFMC Plc, told investors at the Scotia Howard Weil Energy Conference in New Orleans this week they see a revival coming. That was a stark contrast to a subdued outlook for shale at the event.
  • EQT CEO McNally Says Company Becoming “Free Cash Flow Machine” – The proxy war between Toby and Derek Rice and current management at EQT continues. It’s now turned into a press release war. Every few days one or the other (or both) sides issue press releases to try and convince shareholders *their* side is the winning/righteous/justified side in this war. Yesterday EQT fired off another round by issuing a press release to announce the release of a new PowerPoint slide deck.
  • Imported Steel for Shell Ethane Pipeline Shows Up at Philly Port. All 97 miles of imported steel pipeline that will be used to construct Shell’s Falcon ethane pipeline project was offloaded at a Philadelphia port last month (10,996 pipes!), and is now loaded on trucks and on the way to the Pittsburgh region (some may have already arrived). Last June, Shell reps said the Falcon ethane pipeline would get built this year (see Shell Says Falcon Ethane Pipeline to Get Built in 2019). They were right.
  • Proxy War: Rice Boys Nominate New EQT Board, Keep Brother Dan. A full-blown war is on for the future of EQT. Yesterday Toby and Derek Rice released a proposed slate of EQT board members they want elected at the next annual meeting on July 10th. They propose replacing all existing board members–except for their brother Dan. The Rice boys say it’s necessary to have a board who is “with it” (our words) and will back up Toby and Derek as they take control of the company.
  • Big Green Imports German Radicals to Fight Mountain Valley Pipe. It’s bad enough that small groups of our own citizens are stupid enough to oppose safe natural gas pipelines–because they irrationally hate fossil fuels. But when they use Big Green money to import radical activists from other countries, like Germany–that crosses a line. Appalachians Against Pipelines and several other fringe groups invited anarchists from Germany’s Ende Gelande to attend several meetings to teach our homegrown econuts how to illegally block legal projects, like Mountain Valley Pipeline.

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The Shale Gas News sponsored by Linde Corporation

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One thought on “Shale Gas News – March 30, 2019

  1. So glad to be employed by GDS. Listened to the show while driving home to the Poconos. Driving truck for GDS. Have several friends here in Tobyhanna, Monroe County starting this week also. Blessed with this Family Supportive Job!!!

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