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
Former ConocoPhillips Technical Expert Seaba Joins The Gas Technology Institute The Gas Technology Institute said Aug. 24 that James Seaba has joined the company as the senior director of technology development, where he will support the evaluation and maturation of technology.From the development of novel hydrogen production technology for fuel cells to the reduction of greenhouse gases in oil sands production, he has expertise across a broad technology spectrum.Seaba, who earned a doctorate and who has 13 pending patents in heavy oil production and CO2 capture/migration, came to GTI after serving as a consultant for major oil companies, major automotive companies and suppliers and VC firms, exploring and developing technologies for unconventional oil and clean energy.
The Case For $4.50 Gas This Winter DENVER—A price jump for natural gas could be in store for the U.S. as soon as this winter, according to predictions made by some analysts.“We’re really bullish for natural gas in 2017. We’re expecting a significant price signal—a big jump up in gas prices—starting as soon as winter shows up, probably in December of this year,” said Bernadette Johnson, managing partner at Ponderosa Advisors LLC, a Denver-based energy advisory firm.“Part of the reason that we are so bullish for natural gas prices next year is because we’re bearish for oil prices. We don’t think that oil prices will bump much above an average of $52 per barrel [bbl] next year,” Johnson said during a webinar the firm recently hosted at its offices.