DUG East
June 23-25, 2015
Pittsburgh, Pennsylvania
David L. Lawrence Conv. Ctr.
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Successful 2015 DUG East Conference Shows Oil and Gas
Industry's Resilience

Hart Energy's 7th annual DUG East conference and exhibition (@HartEnergyConf #DUGEast) delivered on its theme, "Resource Resilience." The energy market's downturn did not hamper attendance; more than 2,800 oil and gas professionals gathered June 23-25 at the David L. Lawrence Convention Center in Pittsburgh, PA. The agenda provided candid discussions about how producers are remaining flexible to operate efficiently throughout the Marcellus and Utica formations. The networking luncheon featured Pulitzer Prize-winning political columnist Dr. Charles Krauthammer.

"What a treat for attendees to hear from Dr. Krauthammer prior to the upcoming election," said Barry Haest, Hart Energy Vice President of Events. "The conference featured more than 20 executive-level presenters. From the beautiful weather, perfect for enjoying local baseball games, to the bustling exhibit floor, DUG East was a great show with a strong turnout of leaders and decision-makers."

Other notable speakers included Eclipse Resources CEO Ben Hulburt. He told attendees his company, along with Chesapeake Energy, has the fastest and most efficient drillers in the Utica play. To date, Eclipse has participated in drilling 187 gross Utica wells, including 70 operated wells. Also, Kathryn Downey Miller, a managing director for BTU Analytics, stated operators with firm takeaway capacity have been the real winners over the past couple of years but, as production is tempered by demand, it's going to come down to who has the best acreage and who can best manage their costs.

Mark your calendars for next year's DUG East conference and exhibition set for June 21-23, 2016 in Pittsburgh, PA.


BC Operating, Nadel And Gussman Combine Permian Acreage
The large-scale position has multiple Permian targets including Wolfcamp, Avalon, Delaware and Bone Spring production. BC will run at least one drilling rig in 2016 and will add more acreage.

Millstein Partners With TPH For Energy Restructuring Consulting
Millstein & Co. is partnering with Houston energy investment bank Tudor, Pickering, Holt & Co. (TPH) to advise oil and gas companies that are suffering from depressed commodity prices, according to people familiar with the matter. The industry is trying to cope by selling assets, reducing debt and raising additional capital, creating opportunities for restructuring advisory firms, bankers and attorneys. The informal partnership, which began earlier this year, has won assignments, said the people, who asked not to be identified because they were not authorized to speak to the media.