Shale Gas News – September 16, 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 severance tax, fracking ban, Utica Shale 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 a guest, we had Matt Austin, President of Holcombe Energy and Eastern Freight Systems. We also replayed an interview, from this past February, we had with David Holt of Consumer Energy Alliance.

shale gas news

The Shale Gas News, typically, is broadcast live. On the September 16th show (click above), we covered the following new territory (see news excerpts below):

  • Banning Fracking for Good in the Delaware River Basin? CHERRY RIDGE TOWNSHIP — There’s a temporary ban on hydraulic fracturing, or fracking, for natural gas in part of the state, including most of Wayne and Pike Counties. The agency that oversees the Delaware River and the area affecting it announced it will seek a permanent ban on fracking there. The announcement came down Monday afternoon that the Delaware River Basin Commission (DRBC) will decide later this week whether to start the process of adopting regulations to ban fracking in this part of the state for good.
  • Let’s Call the Impact Fee by Its Real Name: Severance Tax. Representative John Maher wants to set the record straight on the Pennsylvania impact fee; “it always was and now is a severance tax.” With a simple amendment Rep. John Maher, Chairman of the House Environmental Resources and Energy Committee (Pennsylvania), injected a much-needed dose of honesty into state government. Maher’s amendment changed the name of the “Impact Fee” levied on fracked natural gas to “Severance Tax,” which is what that tax should have been called from Day One.
  • Ridgetop Capital Raises $200M to Invest in Marcellus/Utica Leases. Ridgetop Capital Partners, founded in 2007 and headquartered in the Pittsburgh area, is a private institutional investment firm focused mainly on the oil and gas space. That is, they raise money from rich people (and businesses) and invest that money in projects which they closely watch and influence, hoping to make their money back with a generous interest rate. A LOT of private money funds oil and gas development–there is nothing new or novel about Ridgetop.
  • Compression Training Schools in the Marcellus/Utica Region. Looking for a good job in the Marcellus/Utica industry? You may want to consider a job working at a compressor station. You know, those big facilities that sit every 30-40 miles along pipelines to keep the gas flowing through them? According to an article in COMPRESSORtech2 magazine (yes, there’s a magazine devoted to it!), “Indications are that the gas industry is recovering from the latest slump and can expect slow, steady growth in the next 10 years.”
  • OH, WV Landowners Sue Antero re Post-Production Royalty Deductions. Lawsuits filed against Antero Resources in both Ohio and West Virginia seek class action status. Both lawsuits make similar claims: Namely that Antero has improperly deducted post-production expenses from royalty checks (not allowed under lease terms), and that Antero has avoided, with creative accounting, paying royalties on natural gas liquids (NGLs) produced.
  • WV Surface Owners Win Important Case Against EQT re Drill Pad. A West Virginia Circuit Court case decided last week (by jury) found in favor of surface owners against a well pad constructed by EQT. The decision has far-reaching implications for not only surface owners and drillers, but mineral rights owners too. From the first time we read about so-called “joint development” legislation being promoted by the drilling industry in WV (back in February), we’ve not been fans. In brief, there are a number of existing old leases in WV, signed before shale drilling began, that prevents drillers from drilling a horizontal well across an individual property boundary line–until a new lease is signed.
  • Chesapeake Energy to Test Utica Shale in NE PA’s Bradford County. Chesapeake Energy CEO Doug Lawler says the company plans to drill a test Utica Shale well in its core Marcellus acreage in Bradford County, PA sometime early next year. Which is really big news. Bradford is in the northeastern corner of the state, next door to Susquehanna County (east of Bradford). Susquehanna and Bradford have been heavily drilled by Chesapeake–at least in the Marcellus. Both counties sit in the “dry gas” (methane only) zone of the play, with no NGL or oil production, according to MDN’s forthcoming Marcellus and Utica Shale Almanac.

The Shale Gas News sponsored by Linde Corporation

The post Shale Gas News – September 16, 2017 appeared first on Natural Gas Now.

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