Coterra Energy (Cabot O&G) | Economic Impact | Energy Companies | Industrywide Issues | Jobs | Pennsylvania | Susquehanna County
Cabot O&G Having a Tough Time Filling Open Jobs in NEPA
Several members of the Marcellus Shale industry spoke at a meeting of the Williamsport/Lycoming Chamber of Commerce yesterday, including MDN friend George Stark from Cabot Oil & Gas. George is director of external affairs. At the meeting he said the Marcellus industry has made tremendous strides in the last 10 years and will be around for decades to come. He said, “It’s booming in our area.” George also said Cabot is having trouble filling vacant jobs.
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A high school student reporter recently turned in an excellent segment for PBS’ News Hour Weekend program about the job opportunities for young people working on pipelines in West Virginia. Among the bits this intrepid young reporter unearthed is something we told you about years ago: Some pipeline welders make salaries of $1,000+ PER DAY! Not a typo.
Yesterday IHS Markit released a study commissioned by Shale Crescent USA and JobsOhio that finds natural gas produced in the tri-state region of Ohio, Pennsylvania and West Virginia will be 45% of the nation’s production by 2040, up from 31% this year. This is truly big news with lots of ramifications.
Last November MDN brought you the exciting news that New Fortress Energy is planning to build an LNG (liquefied natural gas) liquefaction EXPORT plant in landlocked Wyalusing (Bradford County), PA (see 
There’s just no getting around the obvious–that the shale industry is once again heading into something of a dip. We’re not just talking about shale oil drillers scaling back drilling new wells in places like Texas and North Dakota. We’re talking about big gas drillers in the Marcellus/Utica who are signaling that 2019 will see less spending and less drilling, although production won’t decline.
The Independent Oil & Gas Association of West Virginia (IOGAWV) held its annual winter meeting on Tuesday and Wednesday. There was a LOT of talk of WV nabbing the much-talked-about multi-billion dollar NGL storage hub project.
We’ve been tracking a story since November about a new, smallish (but very important) LNG export plant coming to Bradford County, PA, to Wyalusing (see 
West Virginia is in desperate need of jobs following decades of job losses in the coal industry (from 70,000 jobs in the 1970s to 13,000 today). WV has another great natural resource: natural gas. As coal was to WV, natgas now is.
A new report (full copy below) by the U.S. Chamber of Commerce Global Energy Institute (GEI) found that the anti-energy “Keep it in the Ground” (KIITG) movement has prevented at least $91.9 billion in domestic economic activity and eliminated nearly 730,000 job opportunities. In addition, federal, state, and local governments have missed out on more than $20 billion in tax revenue.
On Monday EQT Corporation, the largest natural gas producing company in the U.S., laid off “more than 100” (possibly as many as 132) employees, and issued a letter to shareholders trying to gin up support for the company’s “new” course of action.