Shale Gas News – August 12, 2017

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 and 1510 AM, talked about the solar eclipse, exports, the Atlantic Sunrise and much more last week.

Every Saturday Rusty Fender and I host a morning radio show to discuss all things natural gas. This week, as a guests, we had David J. Spigelmyer, president of the Marcellus Shale Coalition (MSC) and Rob Boulware of Seneca Resources Corporation.

Shale Gas News

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

  • The Coming Solar Eclipse Is a Big Moment for Natural Gas. Natural gas is about to get a glimpse of its future role in the U.S. power mix as solar energy’s backup.  During the upcoming Aug. 21 eclipse, operators of giant solar fields from California to the Carolinas will rely on power from fast-start natural gas generators as well as hydroelectric plants and other sources to fill the gaps as the sky darkens.
  • United States expected to become a net exporter of natural gas this year. EIA’s latest Short-Term Energy Outlook projects that the United States will export more natural gas than it imports in 2017. The United States has been a net exporter for three of the past four months and is expected to continue to export more natural gas than it imports for the rest of 2017 and throughout 2018. The United States’ status as a net exporter is expected to continue past 2018 because of growing U.S. natural gas exports to Mexico, declining pipeline imports from Canada, and increasing exports of liquefied natural gas (LNG).
  • New Marcellus/Utica Driller Snaps Up Assets in OH, PA. It’s not often these days we get to announce a new driller in the Marcellus/Utica. Today is one of those days. Actually, this company has been around since early 2015, but we’re only now becoming aware of them. Pin Oak Energy Partners, headquartered in Akron, OH, is an exploration and production company engaged in both conventional and unconventional oil and natural gas wells and the operation of associated assets (like pipelines).
  • Rice Energy Paid $180M for LOLA Energy; CEO Didn’t Want to Sell. In July MDN brought you the news that Rice Energy had bought out the assets of LOLA Energy (see LOLA Energy Sells Out to Rice Energy, Deal Kept Hush-Hush). NGI’s ace reporter Jamison Cocklin was the first to break the news. Since that time, neither Rice nor the company buying Rice, EQT, have talked about it. In fact, they have refused to comment on it.
  • Chesapeake 2Q17: “Rambo” Marcellus Well Produces Record 61 MMcf/d. Chesapeake Energy reported second quarter 2017 results last week. As is typical, the company hosted a conference call with analysts to discuss those results. However, Chesapeake CEO Doug “the ax” Lawler had some rather exciting news about the Marcellus to report–late breaking news. In recent weeks Chesapeake has brought online an experimental well drilled in Wyoming County, PA (northeastern part of the state) with an initial production of 61 million cubic feet equivalent per day (MMcfe/d). This is a MONSTER Marcellus well!
  • Court Clears Path for Atlantic Sunrise Pipe to Begin Work in PA. Williams and their Atlantic Sunrise Pipeline project are just a few properties away from having easements for all of the properties they need in Pennsylvania, thanks to a judge in the U.S. Middle District of PA and his decision yesterday. Judge Matthew Brann gave Transco Pipeline (the pipeline getting extended with the Atlantic Sunrise project) access to seven hold-out properties in Lebanon, Northumberland, Columbia and Luzerne counties.
  • Shell Needs 450 Welders to Work on Ethane Cracker Plant. Good news if you’re a welder, or interested in a welding career, and you live in southwestern Pennsylvania. Shell needs you. Shell is in the process of building a massive, $6 billion ethane cracker plant in Beaver County, PA (northwest of Pittsburgh). Cracker plants have lots of pipes that need to be welded as the plant goes up.

The Shale Gas News sponsored by Linde Corporation

The post Shale Gas News – August 12, 2017 appeared first on Natural Gas Now.

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