Shale Gas News – November 10, 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 Colorado election, Keystone XL Pipeline, Blue Racer Midstream 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 Joe Peters, former Scranton Police Officer, PA State Crime Commission and political analyst.

shale gas news

The Shale Gas News, typically, is broadcast live. On the November 10th show (click above), we covered the following new territory (see news excerpts below):

  • In Washington, politics around oil, climate change in flux. WASHINGTON — After almost a decade of oil-friendly Republicans controlling Congress, the energy sector faced a dramatically different political landscape Wednesday.  Where Republicans pushed an end to the oil export ban and the relaxing of environmental regulations around drilling, the new Democratic-led House is expected to be more interested in combating climate change than boosting oil and gas production.
  • Colorado Rejects Anti-Drilling Initiative in Divergent Midterm Elections. Colorado voters on Tuesday decisively rejected Proposition 112, which threatened nearly all drilling locations for some of the state’s leading producers, in what proved to be one of the most consequential political battles to confront the oil and gas industry this election season.  The win in the West came amid broader midterm gains for Democrats. The party took back control of the House and several governors’ offices across the country, including in New Mexico, where booming oil and gas development in part of the Permian Basin could be affected by the political shift.
  • Federal judge blocks Keystone XL pipeline, saying Trump administration review ignored ‘inconvenient’ climate change facts. A federal judge temporarily blocked construction of the controversial Keystone XL pipeline, ruling late Thursday that the Trump administration had failed to justify its decision granting a permit for the 1,200-mile long project designed to connect Canada’s oil sands fields with Texas’s Gulf Coast refineries.
  • Dominion Sells Its 50% Share in Blue Racer Midstream for $1.5B. In September, MDN told you that Dominion Energy had sold two “merchant” (non-regulated) natural gas-fired electric generating plants for $1.23 billion to Starwood Energy. And at the same time, Dominion announced it was shopping its 50% ownership stake in Blue Racer Midstream. The sale of the power plants and potential sale of Blue Racer is aimed at helping Dominion pay down debt. The Blue Racer sale is no longer a potential, but a reality.
  • 15 Candidates Running for PA House/Senate Want to Ban Fracking. The left-most contingent in the Pennsylvania Democrat Party wants to ban all fracking in the state. It’s fringe, but all such oddball movements start out as fringe. Of particular note in this election season is that a group of these ban-fracking nutters have gotten themselves on the ballot in 15 PA House and Senate races around the state. As you might expect, most of the ban-frackers are running in counties in the Philadelphia orbit (Delaware, Chester, Montgomery, Philly itself). There are some from outside (but still close to) Philly, in Northampton and Carbon counties.
  • Did Shale Well Methane Migration Cause SWPA Home to Explode? On Wednesday a man in Clarksville (Green County), PA turned on his gas stove and it exploded, catching fire to and leveling the entire house. The man, his girlfriend and young child were helicoptered to a hospital burn unit. The working theory/assumptions are (a) the man didn’t smell mercaptan, therefore the source of the gas that exploded was not from the stove or line into the house itself, and (b) because there is an EQT shale well “across the street” and a gathering pipeline that runs “next to the house,” methane “may have” migrated from the shale well to the home, or methane leaked from the gathering line into the home.
  • Shakeup: Gulfport CEO Michael Moore Fired, Interim CEO Appointed. Last week Gulfport Energy, an independent oil and gas driller with significant acreage positions in the Utica Shale of eastern Ohio and the SCOOP Woodford and SCOOP Springer plays in Oklahoma, issued its full third quarter 2018 update. Gulfport previously issued an operational update several weeks ago. Gulfport didn’t issue the full update, with financials, until last week. Perhaps we now know why: the company canned their CEO, Michael G. Moore, following allegations that he used a company credit card, and the company chartered jet, for personal uses. Gulfport appointed COO Donnie Moore (no relation to Michael) to be interim CEO while they figure out next steps.

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2 thoughts on “Shale Gas News – November 10, 2018

  1. I see you’re a sycophant of tRump. Not surprising. In view of this, one wonders why your show was devoid of any proposal that he frac his own New York City watershed.

  2. Please highlight the part of the 2010 Consent Order agreed to by the Pa Dep & Gas Co. where it states that the homeowners gas lease & addendums are altered and that they are “trumped” by the consent order.

    In other words where does it state that the gas lease & addendums written up by and agreed to by the Gas co will nolonger be followed?

    Unfortunately neither the Gas Co or the Pa Dep will show/prove this.

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