DUG East
June 20-22, 2017
Pittsburgh, Pennsylvania
David L. Lawrence Conv. Ctr.
Register Featured Sponsors
Stratas AdvisorsCONSOL EnergyNetherland, Sewell & Associates (NSAI)Croft Production SystemsThru Tubing SolutionsPipeliners Local Union 798Tetra
MicroSeismicColumbia MidstreamIMERYSMammoth Energy PartnersNavPortVisiQuateDanosChoice Energy ServicesKLX Energy ServicesIUOE (International Union of Operating Engineers)Trinity SlingHuntley & HuntleyTerrastarSchrammBaker HughesSentry TechnologiesArchrockPrecision GeophysicalTransCanadaWright & Co.Beaver ExcavatingRS EnergyWIKAStingray Energy Services Rice EnergyCitiHenkels and McCoyH2O MidstreamHolland ServicesPanther Drilling SystemsTaylor Frac
Operator Sponsors
Eclipse ResourcesCONSOL EnergyColumbia MidstreamRange Resources - OperatorHuntley & Huntley
Hosted By
Unconventional Oil & Gas CenterOil and Gas InvestorMidstream BusinessE&P
Meet the 2016 DUG East Speakers
Jeff Foster

Jeff Foster
President and CEO
MicroSeismic, Inc.

Q: What is your current view of the market and how do you see conditions evolving in the coming months?

A: Based on US rig count around 400 rigs, global supply and demand trends for oil, and reduced capex, the market is at the bottom of the cycle. During Q2 and Q3, 2016 ,there will be more bankruptcies and companies restructuring. With stable oil prices in the $40’s, we will experience more confidence in the market and the smaller E&P companies will increase their operational activity. There will be a lag between oil process and significant increase in E&P spend. Prices will increase above $50 by year end creating positive developments for 2017.

Q: How is your company navigating today’s market challenges and capitalizing on opportunities?

A: We are safeguarding the core expertise and capabilities of the company beyond our immediate operational requirements. Our focus is to develop technology and partner with our customers to deliver lower cost and better understanding of the completions to increase reservoir performance. Also, we are partnering with other technology companies to expand the value of our services.


Q: What is your current view of the market and how do you see conditions evolving in the coming months?

A: Natural gas and crude markets are directly linked and the price of one impacts the other directly. Price recovery will happen, although gas markets (prices) will likely recovery faster than crude. In 2016 we expect significant price and a ramp-up of bankruptcy/merger/acquisition activity.

Q: How is your company navigating today’s market challenges and capitalizing on opportunities?

A: As an advisory firm, we are in the business of tracking supply and demand trends and predicting future prices. We have found that our clients need that specific market intelligence expertise now more than ever given tighter margins, depressed prices, and overall market volatility. Our focus today is on long-term strategy support, hedging recommendations, and acquisition due diligence.

Q: What will your presentation focus on?

A: My presentation will focus on drilling economics and production efficiency gains in the Marcellus/Utica broken out by key operator and region. Specifically, how the Northeast stacks up against other producing areas across the US under various crude/gas price scenarios, and how that competitiveness of the areas has evolved over time. I will also touch on oil and gas price recovery and changing basis differentials.

Bernadette Johnson

Bernadette Johnson
Managing Partner
Ponderosa
Advisors LLC


Callum Streeter

Callum M. Streeter
Chief Operating Officer
EdgeMarc Energy Holdings, LLC

Q: What is your current view of the market and how do you see conditions evolving in the coming months?

A: We ultimately see price recovery occurring to economic levels in the next 18 months. We feel that oil may rebound more quickly than gas in the near term but ultimately there is not enough current investment in either commodity space to meet future anticipated demand growth.

Q: How is your company navigating today's market challenges and capitalizing on opportunities?

A: We are navigating the downturn by being prudent with capital spending, reducing costs and finding ways to innovate. We do feel there is significant opportunities in this environment and we are being proactive in our approach to acquisitions and maintaining flexibility to move quickly if the right assets become available.


Q: How is your company navigating today's market challenges and capitalizing on opportunities?

A: APEX is taking advantage of the current conditions by drilling "non-development" wells. In the past it has been difficult to obtain high quality services and reasonable costs for single or "one-off" wells. In the current environment we are able to secure the services we need at reasonable costs.

Q: What will your DUG East presentation focus on?

A: I will focus on the macro natural gas supply and demand environment, what Appalachia's role is in that environment, and how small, PE backed companies like APEX fit in.

Mark Rothenberg

Mark Rothenberg
CEO
APEX Energy