External Affairs Coordinator, Cabot Oil & Gas
The Shale Gas News, heard every Saturday at 10 AM on 94.3 FM talked about Williams suing NY, John Quigley’s email, the DRBC lawsuit and much more last week.
Every Saturday, Kevin Lynn of Linde Corporation and I co-host a morning radio show to discuss all things natural gas. This week we had David Overstreet talking about the long overdue DRBC lawsuit filed by Wayne Land and Mineral Group, LLC hoping to lift the natural gas drilling moratorium in Wayne County and Jack Refuse a former White House energy adviser and current principal of the Rafuse Organization, which advises on energy, international trade and national security as guests.
The Shale Gas News is typically broadcast live and on our May 28th show (click above), we covered the following new territory (see news excerpts below):
- PA DEP Sec. John Quigley Resigns Over Email Collusion Scandal. Shortly after receiving the email, those groups, including Quigley’s former employer–the radical PennEnvironment–flew into action and began advertisements that support Quigley’s unpopular regulations.
- Shale oil industry a ‘Ponzi scheme’ or can it boom again? Dominic Haywood, an oil analyst said ” I think we’ve already lost 35 to 40 independent shale oil or shale oil and gas producers and those producers won’t come back. They would need about a $70-$80 barrel of oil to cover drilling, extraction and capex costs,” he said.
- Williams Sues NY Over Constitution Pipe – DEC May Loose Authority. A lawsuit filed in the U.S. District Court for the Northern District of New York–seeking recognition by the court that New York doesn’t even have jurisdiction over the project.
- Feds Give Penn State $20M to Lead Fossil Fuel Research Effort. The U.S. Dept. of Energy’s National Energy Technology Laboratory (NETL) selected Penn State University to lead a consortium of nine universities in all that will study fossil fuel technologies for the next six years.
- Three-state Appalachian Basin with Utica, Marcellus shales has become No. 1 U.S. source of natural gas. Since 2012, Ohio, Pennsylvania and West Virginia have accounted for 85 percent of U.S. shale gas growth, according to the U.S. Energy Information Administration.
- Most NatGas-Fired Power Plants are Built Near Major Shale Plays. The Mid-Atlantic states and Texas have the most natural gas-fired capacity additions under construction with planned online dates within the next three years (2016–18).
- When Will Drilling Pick Up in the Marcellus/Utica? It Depends… Every time the price of natural gas increases another quarter ($0.25), it translates into $185 million in cash flow for his company. If the price went up 50 cents, Southwestern would reactivate two drilling rigs.