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
Rimrock Resource Partners Buys 24,500 Net Acres In The Scoop Rimrock Resource Partners LLC closed a $150 million acquisition of Scoop assets in the Midcontinent—a region bubbling with A&D activity despite the downturn, the company said July 28.The acquisition covers about 24,500 net leasehold acres, 100% HBP, in Oklahoma’s Scoop Play. The acreage is located mainly in the Golden Trend, which is primarily in Garvin, McClain and Grady counties, Okla., in the Anadarko Basin. The seller was not disclosed.The acquired assets also include production of about 2,100 barrels of oil equivalent per day and 3,100 net mineral acres. The Midcontinent saw six deals of at least $100 million in second-quarter 2016.
Blackbird Energy Will Acquire Interest in Stage Completions Inc. Blackbird Energy Inc. will acquire an indirect 10% minority interest in Stage Completions Inc., a Canadian technology and services company providing pinpoint multistage completions, for CA$3 million cash purchase price. Blackbird said on July 28 that it entered an agreement for the acquisition.Stage’s technology, which it designs, owns, manufactures and patents, provides patented fracturing systems for sliding sleeve technology to the plug-and-perf market for horizontal, vertical, and multilateral wells in all formations.Stage’s proprietary dissolvable ball and collet activated fracturing sliding sleeve systems designed for cased-hole and openhole applications will reduce costs for operators, Blackbird said.