Marcellus and Utica Producers Gather to Discuss the Latest Efficiency-Focused Technologies & Strategies
This June, hundreds of oil and gas professionals, over two dozen executive-level speakers and top exhibitors converged in Pittsburgh to spend two days exploring the latest efficiency-focused technologies and strategies saving Appalachian producers valuable time and money. The event’s world-class speaker lineup featured leaders from the most-active producers in the region, including CONSOL Energy, Range Resources, Rice Energy, Eclipse Resources and others. A few key takeaways from the conference sessions were:
There are gains to be made in how efficiently the industry operates with the resources at hand. One of the biggest opportunities for operators could be their ability to narrow the gap between the best wells and the worst wells. We are in the early innings of improving capital efficiency.
If companies do things the right way and take a long view, they will be the lowest-cost—and most capital efficient—producers.
The industry has transitioned from speed to efficiency. During the high-price era, companies worked as fast as possible to acquire new acreage, drill wells and bring production online. In the current market, the focus is on efficiency and lowering costs.
Charlie Cook, editor and publisher of the Cook Political Report, and columnist for the National Journal delivered a special Presidential Election address, sharing a political insider’s look at how the 2016 race for the Whitehouse is shaping up. This year, Hart Energy also launched the all-new Technology Showcase on the exhibition floor. Top technology providers presented the latest solutions with case studies and live demonstrations.
The conference may be over, but the conversation isn’t! Find out what other attendees and exhibitors are saying on Storify. We would love to hear about your experience too.
Be sure to save the date for DUG East 2017, scheduled to return to the David L. Lawrence Convention Center in Pittsburgh, June 20-22, 2017.
Chief Operating Officer CONSOL Energy Inc.
Managing Partner Ponderosa Advisors LLC
Richard D. Weber
Chairman and CEO PennEnergy Resources
Founder and Chairman Petrie Partners LLC
Oleg E. Tolmachev
Senior VP of Drilling & Completions Eclipse Resources Corp.
Vice President Northeast Area, Southern Region Halliburton
Callum M. Streeter
Chief Operating Officer EdgeMarc Energy Holdings, LLC
Ray N. Walker, Jr.
Executive Vice President – Chief Operating Officer Range Resources Corporation
CEO APEX Energy, LLC
Founder, President and COO Rice Energy
NE Area Engineer Baker Hughes
Managing Director Jefferies LLC
Director of Operations, Southern Marcellus Shale Division Range Resources
Dr. Carmine Difiglio
Deputy Director for Energy Security U.S. Department of Energy
Vice President of Operations Gulfport Energy
Michael A. Huwar
Vice President, Marketing Columbia Midstream Group
Destination Unknown: Uncertainty Clouds Natural Gas Outlook In Canada Technology advances such as horizontal drilling, 3-D seismic technology and hydraulic fracturing may have sparked an unconventional gas production boom in North America, but success in one country could usher in challenges and opportunities for another.Yet, uncertainty is still a part of the picture.A report released by the Canadian Energy Research Institute (CERI) shows that Canada is losing business from its top natural gas customer, the U.S., which is preparing to become a natural gas exporter of its own by 2017 thanks to the shale revolution. Gas production from the Marcellus Shale appears to be the proverbial nail in the coffin for the potential for any rising gas exports from Canada into the U.S.
Energy Hunter Resources Will Acquire Core Midland Basin Mineral Rights Energy Hunter Resources Inc. will acquire mineral rights under about 320 gross Permian Basin acres in Howard County, Texas, where about nine wells can be drilled. An active drilling program is underway on the acreage, the company said Sept. 28.Energy Hunter entered into an agreement to acquire the mineral rights. The offset wells are targeting the Lower Spraberry and Wolfcamp A, while potential horizontal development exists in the Wolfcamp B and Wolfcamp C benches as well.