Shale Gas News – October 14, 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, 1510 AM and Sundays on YesFM, talked about Rig Counts, OPEC, a colder winter and much more last week.

The Shale Gas News has grown to THREE stations! We are now broadcasting with YesFM. YesFM will be airing the full 60 minute version of the program on Sunday mornings. YesFM broadcasts primarily in Sullivan and Bradford counties, with some ancillary coverage in neighboring counties and even over the border into New York.

Every Saturday Rusty Fender and I host a morning radio show to discuss all things natural gas. This week , as guests, we had Daniel B. Markind, Esq. at Weir and Partners, LLP., PA State Rep. Stephen Bloom and Joe Massaro from The Bravo Group.

Shale Gas News

The Shale Gas News, typically, is broadcast live. On the October 14th show (click above), we covered the following new territory (see news excerpts below):

  • A Colder Winter May Finally Be Coming for Natural Gas Bulls. Natural gas bulls have been disappointed by winter for two years in a row. Now they’re giving it one more shot. About half of U.S. homes use natural gas for heat, but the last two winters have been unusually warm, sapping natural gas demand. Last winter was one of the warmest on record..
  • OPEC Doesn’t Understand The U.S. Oil Industry. This week some comments from OPEC Secretary General Mohammed Barkindo signaled that OPEC may not understand how the U.S. oil industry functions.  Reuters reports that Barkindo urged cooperation from U.S. shale oil producers to help keep the global oil market out of an oversupply situation.
  • Marcellus/Utica Rig Count Race Tightens: OH Count Closes in on PA. It’s been a few months since we’ve brought you news about the monthly average for Baker Hughes’ venerable rig count–largely because after GE completed it’s merger with Baker Hughes they quit issuing monthly press releases from their website! We spotted a story in the Pittsburgh Business Times that talks about Ohio coming close to parity in their rig count with Pennsylvania–which is a really big deal–and the reasons for it.
  • Lewis County, WV: Pipelines, Drilling Elsewhere Boost Local Economy. Lewis County, WV is not the first county you think of when it comes to the Marcellus/Utica Shale. While Lewis shares a border with the highly drilled Doddridge County, there have been very few shale wells drilled in Lewis. Perhaps we should say there’s been very few permits to drill shale wells in Lewis–we’re not 100% sure if any wells have actually been drilled. But no matter. Lewis has, in the past, benefited greatly from the shale industry.
  • Huntley & Huntley Starts Shale Drilling in Plum, PA Next Month. Huntley & Huntley, a Marcellus/Utica driller headquartered in Monroeville, PA (near Pittsburgh), will begin drilling a shale well in Plum (Allegheny County, also near Pittsburgh), PA next month. It will be H&H’s first shale well in the Borough of Plum. Yesterday H&H spokesman Ed Valentas gave a presentation to the Plum Chamber of Commerce, to update them on what to expect and to dispel some of the fear mongering going on with respect to shale drilling.
  • American Energy Partners Invests in “Tier I” Marcellus Assets. This story is a tangled web we’re having trouble unraveling. We’re hoping some astute MDN readers can shed some light for us. A few days ago we noticed a press release from American Energy Partners, Inc., with a subsidiary company called Gilbert Oil & Gas, claiming to have invested in some “Tier I” Marcellus and Utica Shale gas and oil wells, as well as undeveloped acreage in the region. Wait right there. Isn’t American Energy Partners (AEP) the company founded by Aubrey McClendon after he was tossed out of Chesapeake Energy?
  • We Now Know New Name for CONSOL’s Gas Unit Post-Split. ONSOL Energy, headquartered in Pittsburgh, began life as a coal company some 150 years ago. For the past half dozen years MDN has reported on CONSOL’s transformation from coal company to natural gas company. That transformation is now nearly complete. In July, CONSOL filed paperwork with the Securities and Exchange Commission that lays out a plan to split the company in two, into a coal company and a natural gas exploration and production company.

The Shale Gas News sponsored by Linde Corporation

The post Shale Gas News – October 14, 2017 appeared first on Natural Gas Now.

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