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 oil demand, eminent domain, Mid-Michigan Pipeline 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, as a guest, we had Jude Clemente, regular Forbes contributor and researcher at JTC Energy Research.
The Shale Gas News, typically, is broadcast live. On the November 28th show (click above), we covered the following new territory (see news excerpts below):
- Oil Demand Set To Rebound In 2021. Oil prices pared recent gains as investors nervously watch the spread of Covid-19, which has tempered bullishness following positive vaccine news. “It’s not good news,” Bill O’Grady, executive vice president at Confluence Investment Management in St. Louis, told Bloomberg. “This is probably going to be a disappointing travel holiday coming up, and that’s going to weigh on demand.” Still, there are signs of life in global oil demand visible beyond the near-term coronavirus wave.
- Small regulatory changes, not fracking, plague Biden plan. President-elect Joe Biden’s incoming administration may not ban hydraulic fracturing of oil and gas wells outright, as some feared during the campaign, but it may make small regulatory changes that could affect processes like taxes, capital access and time needed for project approval, panelists said at an industry conference Nov. 20.
- FERC eminent domain pipeline battle heats up. Rep. Jamie Raskin (D-Md.) asked the Federal Energy Regulatory Commission last week to provide documents on how it handles landowner complaints about natural gas pipelines, reviving a debate about the federal role in eminent domain.
- Utility’s application for natural gas pipeline approved. Michigan’s Public Service Commission has approved Consumers Energy’s application to build a wider natural gas pipeline. The new Mid-Michigan Pipeline will be 36-inch and replace an existing, 20-inch line between Ovid, north of Lansing, and Chelsea, west of Ann Arbor, according to the agency.
- Renewables, GOP supermajority loom large over energy and environmental groups’ 2021 state legislative priorities. New battle lines are being drawn in the state Legislature with renewables poised to seize a larger share of a West Virginia energy market where coal and natural gas remain king. Backed by industry groups, Republicans gained their first supermajority in both chambers with election wins earlier this month. If they keep rank next session, Republicans can advance or halt any bill without the need to win Democrats to their side. That dynamic will take center stage against a familiar backdrop.
- Even After Chevron, EQT Still in Hunt to Buy CNX, Other Producers. EQT CEO Toby Rice has been positively chatty lately. He gave a great interview to the Pittsburgh Business Times revealing his thinking with respect to the recently announced Chevron deal (see today’s lead story). He also spoke to Bloomberg reporters. Rice shared his views on further consolidation in the M-U sector. He indicated EQT is still in the hunt for a deal with CNX and possibly other M-U drillers.
- EQT’s Toby Rice Discusses Chevron Deal, Ponders Pipe Assets. Yesterday Pittsburgh Business Times‘ ace reporter Paul Gough got EQT CEO Toby Rice to open up and talk about the company’s recently announced deal to buy Chevron’s considerable Marcellus/Utica assets (see EQT Buys Chevron M-U Assets for $735M, Floats $350M in New Stock). Rice said the Chevron deal fits like a glove and investors will love it. He offered some insight into the bidding process and his thoughts on the pipeline assets that are part of the deal.
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