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Shale Gas News – October 6, 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 NAFTA, pipelines, new Ohio factories 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 Charlie Gerow of Quantum Communications.

Shale gas news

The Shale Gas News, typically, is broadcast live. On the October 6th show (click above), we covered the following new territory (see news excerpts below):

  • Oil and gas industry praises Trump’s new NAFTA deal. The petroleum industry on Monday urged Congress to approve the Trump administration’s renegotiated NAFTA agreement, and said the new deal promises to maintain booming exports of oil and natural gas to America’s northern and southern neighbors.  “We urge Congress to approve the USMCA,” said Mike Sommers, president and CEO of the American Petroleum Institute, the largest U.S. oil and gas trade group.
  • Bill allowing U.S. to sue OPEC drawing renewed interest. With oil prices hitting fresh four-year highs, long-dormant proposals to allow the United States to sue OPEC nations are getting a fresh look in Congress, though they were once considered a longshot to becoming law. A U.S. Senate subcommittee on Wednesday will hear testimony on the so-called No Oil Producing and Exporting Cartels Act, or NOPEC, which would revoke the sovereign immunity that has long shielded OPEC members from U.S. legal action.
  • After lean years, Big Oil is under pressure to spend. LONDON (Reuters) – Executives at the world’s biggest oil and gas companies are under growing pressure to loosen the purse strings to replenish reserves, halt output declines and take advantage of a crude price rally after years of austerity. With oil at a four-year high of $85 a barrel, exploration departments are urging company boards to drill more, wages are creeping higher, service companies say rates will have to rise and some investors say Big Oil must start growing again soon.
  • Interior Sec. Zinke Implies NY Doesn’t Have Right to Block Pipes. U.S. Secretary of Interior, Ryan Zinke, spoke at the Consumer Energy Alliance’s Energy and Manufacturing Summit in Pittsburgh on Friday–and he had some interesting things to say about states like New York that block pipeline projects. What did Zinke say? We have to say up front that Zinke did not specifically threaten New York and Washington State, per se.
  • 4 Companies Spending $6.9B to Replace Old NatGas Pipelines in OH. There’s no doubt the recent pipeline disaster in the Boston area has spooked other states. Ohio is in the midst of a multi-year, $6.9 billion program to replace 11,000 miles of natgas delivery pipelines, not unlike the pipelines that exploded in Massachusetts. The concern raised, is of course, Could such a disaster happen somewhere else? Anything *could* happen. The real question is, Is it likely to happen? To which we have to say a resounding NO.
  • Robert Murray Exposed as Funding Opposition to WV NatGas Plants. In July MDN brought you an article that exposes the Ohio Valley Jobs Alliance (OVJA) as a front group for Murray Energy–coal people trying to block new natural gas-fired electric plants from getting built in West Virginia. A new article appearing the the Charleston Gazette-Mail goes deeper, ripping the mask off to reveal Robert Murray (CEO of Murray Energy) as the puppet master pulling the strings of OVJA.
  • Shell PA Cracker Already Attracting New Factories…to Ohio. The Stark County (OH) Economic Development Board has landed what is hopefully the first (of many) tenants from the plastics manufacturing industry. IML Containers was looking for a spot to locate a new plant near one of their big customers, Land O’Lakes (has a facility in Cleveland). Stark County offered a small tax break, and the big advantage of being close to the under-construction Shell ethane cracker in Beaver County, PA. It’s also close to a likely second cracker plant in Belmont County, OH. IML makes plastic shipping containers for Land O’Lakes, and plans to set up “research and development, die cutting, molding, production and warehousing for packaging use with a variety of food products” at their Stark facility.

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