DUG East
June 23-25, 2015
Pittsburgh, Pennsylvania
David L. Lawrence Conv. Ctr.
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Oil and Gas InvestorMidstream BusinessUnconventional Oil & Gas CenterE&P

Resource Resilience

Engineers enhance value in a prolific gas/liquids province

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DUG East Fact Sheet

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.

Plays Covered: Marcellus, Utica

Secure your seat at the premier Marcellus-Utica event today!

News

Respect Earned: Oklahoma’s Woodford Works Through Downturn
The Woodford Shale, like all plays, has been on a bumpy road since the hit to commodities saw companies pull down rigs. Nevertheless, the Woodford continues to surprise with production and well economics. Cana-Woodford production was on the rise in 2014 with companies such as Cimarex Energy Co. (NYSE: XEC) expanding its internal rates of return (IRR) to match the Permian Basin. Since the new year, E&P deals have cratered across the board. But in 2014, $1.6 billion worth of deals were done in the play, the largest involving Aubrey McClendon’s American Energy - Woodford LLC and American Energy Partners LP purchase of Woodford/Mississippi Lime acreage for $680 million.

Energy Analysts Disagree On Brent Crude’s Next Move
Energy analysts are split over how far and quickly oil prices will fall will shutter U.S. producers, Bloomberg said. It is the deepest divide on forecasting in about eight years.