Shale Gas News – November 14, 2020

Bill desRosiers
External Affairs Coordinator, Cabot Oil & Gas

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 fracking under Biden, emissions, Energy Transfer 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 natural gas. This week we played some clips from the most recent Think About Energy Briefing.

Shale Gas News

The Shale Gas News, typically, is broadcast live. On the November 14th show (click above), we covered the following new territory (see news excerpts below):

  • A Fracking Ban Is Just One Way A Biden/Harris Presidency Will Impact The Oil And Gas Industry. Assuming that the various challenges being filed by President Donald Trump this week to election results in several states fail and Democrat Joe Biden does become the next President of the United States, the potential impacts to the oil and gas industry in the U.S. would be numerous and severe. While only one significant oil and gas-related issue was raised to high prominence during the general election campaign – Biden’s promises to ban hydraulic fracturing at various times and levels – it is a mistake to assume that that would be the only way in which a Biden/Harris Administration would impact the industry.
  • Trump eyes midnight energy rules at DOE, Interior. Environmentalists and industry observers are watching the clock now that President Trump has lost his bid for reelection, anticipating a potential flurry of last-minute energy rollbacks, permitting decisions and new rules that could impinge on a Biden administration. Several rules that could weaken energy efficiency standards, for example, are poised for final passage at the Department of Energy, and measures at the Interior Department that could affect oil drilling are in various stages of completion.
  • Senate would boost energy, level‑fund environment agencies. Energy and environmental agencies avoided major cuts and most controversial policy riders in Senate spending bills released this morning. The Senate Appropriations Committee released its 12 annual government funding bills, without holding any markups, to serve as an opening bid in negotiations with the House. Congress will need to move quickly on a fiscal 2021 deal, with current funding set to expire on Dec. 11, or risk a federal shutdown.
  • U.S. Energy Related CO2 Emissions Drop. U.S. energy-related carbon dioxide emissions dropped by 3 percent last year, offsetting a 3-percent increase in 2018, as a record-high share of low-carbon sources were used in the electricity sector—the main contributor to emissions decline in 2019, the Energy Information Administration (EIA) said on Tuesday.  Total energy-related carbon dioxide (CO2) emissions in 2019 were about 150 million metric tons (MMmt) lower than in 2018, and nearly all of that decline, or 96 percent, was due to the changing mix of fuels used to generate electricity.
  • World’s Top Oil Trader Weighs U.S. Shale Acquisitions. The world’s largest independent oil trader, Vitol Group, is considering potential acquisitions in the U.S. shale patch, chief executive Russell Hardy said on the Reuters Commodity Trading Summit on Tuesday.  “Nothing has been done, it’s just an area where we feel there might be a fit from an asset point of view, where capital is leaving and some assets are going to want new owners,” Hardy said at the summit.
  • Pipeline opposition, hurdles sharpen focus on existing assets: Energy Transfer. With new long-haul natural gas pipelines facing substantial opposition, Energy Transfer is focusing on optimizing existing assets, and seeing growth opportunities mostly in its natural gas liquids segment, according to a company senior executive. Speaking at the virtual LDC Gas Forum’s 2020 conference, Adam Arthur, Energy Transfer’s senior vice president-business development, said Nov. 9 that while one day new gas cross-haul pipelines will be needed again, “right now there’s a lot of capacity running west to east and right now, we’re staying full.
  • Energy in the Executive Branch. “Energy in the executive” was Alexander Hamilton’s famous phrase in The Federalist suggesting how the presidency would be the powerful engine of political purpose under the Constitution. Nowadays, though, the phrase takes on a new and narrower meaning: what will the nation’s chief executive do about – well, energy? As the 2020 presidential election campaign drew to a close, it became apparent that enthusiasm among Democrats to ban fracking for oil and gas production might cost them the all-important state of gas-rich Pennsylvania and stifle any dreams of putting Texas into play.

The Shale Gas News sponsored by Linde Corporation

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