Shale Gas News – June 10, 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 Cabot royalties, Paris Climate Treaty, rig counts 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 guests, we had Thomas Pyle, President of the Institute of Energy Research and George Stark, Director, External Affairs at Cabot Oil & Gas.

shale gas news

The Shale Gas News, typically, is broadcast live. On the June 10th show (click above), we covered the following new territory (see news excerpts below):

  • Cabot Announces $1 Billion In Royalties. During an update to the community and elected officials, Cabot Oil & Gas Corporation announced several major milestones from its past decade of operations in the region. This ten-year look-back included the announcement that to date, more than $1 billion has been paid in royalties to landowners in Susquehanna and Wyoming Counties and nearly $500,000,000 has been paid out in signing bonuses since Cabot commenced operations in 2006.
  • Three Cheers! Trump Pulls U.S. Out of Horrible Paris Climate Treaty.   We wonder how many people actually watched President Trump’s address yesterday, announcing his decision to pull out of the horrible (and so-called) Paris climate treaty? Did *you* watch it? Or did you rely on the non-stop “hate Trump” mainstream media tirade that reported, endlessly, that we’re now all fried and the future of Mom Earth is over. What…utter…garbage. If you listened to President Trump, as we did, you would have learned that if we had stayed in this VERY bad deal, the United States would have been punished economically–transferring billions of our taxpayer dollars to other countries for generations to come.
  • Patterson-UTI Rig Count Continues to Rocket Skyward – 159 in May. As we do every month (and have for two years), MDN tracks how many rigs oilfield services company Patterson-UTI Energy reports operating–as a proxy for rig count health in the Marcellus/Utica. In April the Patterson rig count rocketed to 115, up an amazing 27 rigs in a single month–the biggest jump we’ve seen.
  • OH EPA Says Diesel Fuel Found in Rover 2M Gal Drilling Mud Spill. Rover is Energy Transfer’s $3.7 billion, 711-mile Marcellus/Utica natural gas pipeline that will run from PA, WV and eastern OH through OH into Michigan and eventually into Canada. On April 13, Rover workers experienced an “inadvertent return” of “horizontal directional drilling fluid”. That is, they sprung a leak and spilled nearly 2 million gallons of drilling fluid.
  • Pittsburgh Mayor Embarrasses Himself Following Trump Paris Speech. Last Thursday when President Trump committed to pulling the U.S. out of the horrible Paris climate treaty, he said this: “I was elected to represent the citizens of Pittsburgh, not Paris.” What do you think he meant by that statement? We watched the speech, and we immediately burst with pride that Trump was putting our citizens first.
  • Crystal Ball: Marcellus/Utica Production Over the Next 5 Years. When it comes to analysts and those who evaluate the oil and gas industry, one of the brightest stars in the firmament is RBN Energy. RBN is founded and directed by Rusty Braziel, one of the co-founders of Bentek Energy (now owned by Platts). Jim Cramer, host of Mad Money on CNBC, calls Rusty “the smartest man on the oil patch” and the only person he consults with when it comes to the price of oil and gas and what’s happening.

The Shale Gas News sponsored by Linde Corporation

The post Shale Gas News – June 10, 2017 appeared first on Natural Gas Now.

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