Shale Gas News – September 12, 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 Liberty Oilfield Services, rig counts, U.S election 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 replayed a Think About Energy Briefing webinar featuring Joe Reinhart, shareholder and co-chairman of the Energy and Natural Resources Group of Babst Calland,  Pat Henderson Director of Regulatory Affairs at Marcellus Shale Coalition, and Kathryn Klaber, Managing Partner at The Klaber Group.

Shale Gas News

The Shale Gas News, typically, is broadcast live. On the September 12th show (click above), we covered the following new territory (see news excerpts below):

  • Host of energy issues hang in the balance in down-ticket races. The 2020 election cycle has the potential to reshape energy and environmental issues across the federal landscape and state lines. Much of the national discussion has focused on the presidential race between Donald Trump and Joe Biden, but voters will face a host of ballot choices that will influence the power, gas and oil markets for years to come.
  • Biden could limit extractive industry on public lands, reversing Trump trend. Extractive industry stakeholders and environmentalists are preparing for a potential Biden administration to move toward more restrictive management of federal lands as the former vice president continues to lay out prospective policies to limit potential mining sites and projects. The fossil fuel and mining sectors have largely welcomed the current administration’s efforts to roll back a number of Obama-era regulations as part of President Donald Trump’s energy dominance focus, but November’s election could put industry oversight on a different path.
  • Liberty Looks To Dethrone Halliburton In Oilfield Services Sector Shakeup. Liberty Oilfield Services aims to become the largest provider of hydraulic fracturing services, replacing Halliburton at the top, the company’s chief executive told Bloomberg in an interview. “Customer demand has told us to grow at this pace, and then deals like this come to us,” Chris Wright said. “Our goal with this acquisition is to keep getting better, but to the extent we succeed at that, it probably leads to us being the leader sometime down the road.”
  • US ELECTIONS: Trump, Biden race holds big oil policy impacts for shale, sanctions. The US presidential election in November presents a stark contrast for the next four years of US oil policy that could shape supply/demand dynamics domestically and abroad, with implications for shale, sanctions, trade and OPEC relations. The greatest domestic impact could come from a promise by Democratic nominee Joe Biden to stop issuing drilling permits for federal lands and waters, which would shrink US oil production by up to 2 million b/d by 2025, primarily from New Mexico’s Delaware Basin and the Gulf of Mexico, according to S&P Global Platts Analytics.
  • US oil, gas rig count rises by three to 285 heading into last trimester of 2020. The US oil and natural gas rig count rose by three on the week to 285, rig data provider Enverus said Sept. 3, as the final trimester of the year approaches with the drilling arena not showing much change. Two of the three rigs added in the week that ended Sept. 2 were oil-focused, as that number rose to 196. The other rig was gas-focused, for a total of 89.
  • Some Landowners Sell Royalty Payments to Third Parties in PA, OH. A few weeks ago MDN told you about Peregrine Energy Partners buying royalty payment rights from landowners in Doddridge County, WV. We have another purchase by Peregrine, this time in Monroe County, OH. Plus a similar company that buys royalty interests has made its second such acquisition in the M-U–in Washington County, PA.
  • Gulfport, OH Landowner Settle Royalty Lawsuit re Monster Utica Wells. Back in 2012 Gulfport Energy drilled a pair of exceptional Utica wells in Belmont County, Ohio–both on the same pad. The first was the Shugert 1-1H which had an initial production (IP) rate of 20 million cubic feet of natural gas per day (Mmcf/d). It also produced an initial 144 barrels of condensate per day, and 2,002 barrels of natural gas liquids per day. The second was the Shugert 1-12H well, with an IP rate of 28.5 MMcf/d. Somewhere along the way, the Shugert family claimed Gulfport was making post-production royalty deductions it should not have taken.
    .

The Shale Gas News sponsored by Linde Corporation

Print Friendly, PDF & Email

Leave a Reply

Your email address will not be published. Required fields are marked *