DUG East
June 23-25, 2015
Pittsburgh, Pennsylvania
David L. Lawrence Conv. Ctr.
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Unconventional Oil & Gas CenterMidstream BusinessOil and Gas InvestorE&P

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.

News

Statoil CEO: Oil Will Be $80 Per Barrel In 2018
Statoil's CEO, Eldar Saetre, predicts oil prices will reach $80/bbl by 2018, Reuters said. “We think there will be some time before we will see a balanced market,” he said.

BHP Will Cut 100 Jobs At Melbourne HQ
In next few years, BHP will cut about 100 jobs in Melbourne, Australia, Reuters said. Commodities have fallen. There are more than $2 billion in impairments on U.S. shale operations.