Shale Gas News – October 28, 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 a shale boom, pipeline protesters, Saudi Arabia 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 State Representative Jonathan Fritz and Hank Alexander of Energy Transfer Partners.

Shale Gas News

The Shale Gas News, typically, is broadcast live. On the October 28th show (click above), we covered the following new territory (see news excerpts below):

  • Plan to support coal, nuclear divides U.S. energy industry. WASHINGTON (Reuters) – U.S. industries that rarely agree – gas drillers and renewable energy producers – urged a federal agency on Monday to dump a government directive to prop up ageing nuclear and coal plants, saying the electricity grid was already reliable.  The split in the energy industry showed that a Trump administration push to make the country energy “dominant” by boosting output from every part of the sector may face hurdles.
  • Saudi Arabia throws down the gauntlet. A top Bloomberg editor highlights a message being conveyed by Saudi Arabia amid the turbulence in global crude oil: “Saudi Oil minister says the world of energy may be changing, but Aramco will survive longest and pump the last barrel of crude.” In a word, it’s defiance. Why it matters: OPEC’s dominant producer, Saudi Arabia, is reacting to a widely perceived threat from U.S. shale oil and forecasts that global oil demand could level off in little more than a decade, and then start to decline.
  • 6 more protesters arrested at Atlantic Sunrise pipeline. LANCASTER, Pa. (AP) — Police arrested six more protesters who tried blocking construction of a natural gas pipeline in Pennsylvania.  The protesters now face criminal trespass charges after their weekend arrest in Lancaster County. They tried blocking the entrance to a construction site for the Atlantic Sunrise pipeline. State police said they made the arrests after first warning the protesters to leave.
  • Cunningham Energy Strikes More Oil in WV. Cunningham Energy is a small oil driller based in West Virginia. In 2015, Cunningham struck oil in the Big Injun sandstone formation in Clay County, WV. In 2016, Cunningham announced they would target another shallow formation, the Weir Sand formation, a few layers below the Big Injun (same group of rocks called the Mississippian system), once again looking for oil. Last week Cunningham provided an update to say they’ve hit a milestone by producing 20,000 barrels of oil production from two new shallow horizontal oil wells located in Clay County, once again targeting the Big Injun.
  • Ohio Utica Drilling Showing Signs of a New Boom. Ohio Utica Shale drilling is showing signs of a new boom in drilling–much to the delight of everyone, except anti’s. A new shale boom in the Buckeye State is good for landowners, it’s good for the economy, and it’s good for jobs. Frankly, it’s good for everyone. What are the signs of a burgeoning new shale boom? Here’s one sign: Business at a barge facility on the Ohio River where drillers offload equipment and supplies had all but dried up–at least traffic coming from shale-related customers. The facility operator kept afloat by handling soybeans and corn. But now? The bookings from the oil and gas industry are rolling in again.
  • PA’s Deep Well Services Helped Drill World’s Longest Shale Well. In June MDN brought you the news that Eclipse Resources had drilled yet another world record-breaking shale well in the Ohio Utica (see Eclipse Breaks Record Again – New Longest Shale Well in World!). Eclipse drilled the Outlaw C 11H in Guernsey County, a Utica well that is an incredible 19,588 feet long horizontally (total measured depth of 27,739 feet). That’s 3.7 miles long–all nearly two miles deep underground. It is an engineering marvel.
  • Range Resources VP Says M-U Heading for “Sweet Spot Exhaustion”. Platts held their Appalachian Oil and Gas Conference in Pittsburgh earlier this week. One of the more interesting comments at the event came from Alan Farquharson, senior vice president of Range Resources. Farquharson gave an interview to a Platts reporter and said natural gas production in the Marcellus/Utica can’t continue its rapid increase indefinitely. Farquharson said drillers are going to hit “sweet spot exhaustion,” by which he means they will soon run out of Tier 1 locations to drill, requiring they branch into Tier 2 and Tier 3.

The Shale Gas News sponsored by Linde Corporation

The post Shale Gas News – October 28, 2017 appeared first on Natural Gas Now.

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