Innovation and perseverance are as synonymous with this business as oil and gas. For over a century producers have found ways to navigate challenging business cycles. Appalachia's producers have drastically cut breakevens and improved EURs by driving down operating costs and refocusing their strategies.
This June, find out what's working, what's not and what's next for upstream producers and midstream operators in the Marcellus and Utica, North America's top natural gas-producing region.
Why should you attend?
Hear from 20+ senior-level executives from the most active producers in the Northeast – find out what they're doing to improve efficiency, cut costs and drive profitability
Get the latest updates on midstream infrastructure projects coming online
Find out where top analysts expect oil and gas prices to end up in 2017 and beyond
Explore efficiency-focused solutions on the exhibit floor
Network with hundreds of industry professionals – make valuable connections during the event's 9+hours of networking opportunities
Plays covered: Marcellus, Utica and Emerging Appalachian Plays
Schlumberger Sees Pricing Improve But Costs Weigh On Margins The world’s No.1 oilfield services provider said revenue rose 5.7% to $6.89 billion in the quarter ended March 31, but its cost of revenue increased 11.3% to $6.08 billion.The company’s pretax operating margin fell to 11% in the latest quarter, from 13.8% a year earlier.
Oil On Track For Biggest Weekly Drop In A Month Oil held near $53 a barrel (bbl) on April 21 but was on course for its biggest weekly drop in a month due to doubts that an OPEC-led production cut will restore balance to an oversupplied market.Brent futures were at $53.01/bbl at 6:07 a.m. CT (11:07 GMT), up 2 cents from their last close and set for a 5.15% weekly drop, their biggest fall since the week of March 10.West Texas Intermediate crude, which rolled over on April 21, were at $50.66/bbl, down 5 cents and on course for a 4.8% weekly decline, also the most since March 10.