The American oil and gas story is filled with examples of remarkable resilience. For decades, industry leaders have found innovative ways to lead their companies through commodity cycles and past technological limitations. After every challenge, the industry has emerged in a position of strength.
Today's Appalachian producers are no exception. It only took them four years to unlock one of the world's largest natural gas reservoirs. Since 2010, Marcellus natural gas production has grown from 2 Bcf/d to more than 16.5 Bcf/d and Utica production has increased 12-fold. The region now accounts for almost 20% of the natural gas production in the lower 48 U.S. states. And in the face of declining natural gas prices, producers have slashed breakeven costs in half by constantly evolving the technologies and strategies behind drilling and completions.
Innovation and collaboration are key to remaining successful in the prolific Marcellus and Utica formations. At DUG East, you'll connect with over 3,100 oil and gas professionals, 20+ executive-level speakers and over 320 exhibitors for two days of in-depth discussions on how to continue to improve operational efficiencies. Click here to learn more about why you can't afford to miss this essential industry gathering.
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