Innovation and perseverance are as synonymous with this business as oil and gas. For over a century producers have found ways to navigate challenging business cycles. Appalachia's producers have drastically cut breakevens and improved EURs by driving down operating costs and refocusing their strategies.
This June, find out what's working, what's not and what's next for upstream producers and midstream operators in the Marcellus and Utica, North America's top natural gas-producing region.
Why should you attend?
Hear from 20+ senior-level executives from the most active producers in the Northeast – find out what they're doing to improve efficiency, cut costs and drive profitability
Get the latest updates on midstream infrastructure projects coming online
Find out where top analysts expect oil and gas prices to end up in 2017 and beyond
Explore efficiency-focused solutions on the exhibit floor
Network with hundreds of industry professionals – make valuable connections during the event's 9+hours of networking opportunities
Plays covered: Marcellus, Utica and Emerging Appalachian Plays
Operators Wonder At Wattenberg Prospects The Niobrara is following the trend of many unconventional shale plays in the U.S.— costs are down, and thanks to the technology that’s continuing to evolve, production and completion efficiencies are up.Scott Reasoner, chief operating officer at PDC Energy said that the Denver-based company owns about 96,000 acres in the core of the company’s Wattenberg Field prospect with estimated potential of about 1 billion barrels of oil equivalent (Bboe). PDC acquired theses reserves from a series of downspacing efforts and by identifying other productive zones.“We feel like the rates of return here are competitive with any of the other plays in the basins in North America,” he told an audience at Hart Energy’s recent DUG Bakken & Niobrara conference. “In the D-J Basin, it’s important to be in Wattenberg Field because the Niobrara isn’t the same everywhere.”
EIA: Crude Stocks Up; Gasoline, Diesel Decline [Editor's note: This story was updated at 10:22 a.m. CT March 29.]U.S. gasoline stocks and distillate stockpiles dropped sharply last week as refinery runs jumped, while crude inventories grew less than anticipated, a relief for those hoping for a long-anticipated drawdown in petroleum stocks, the Energy Information Administration (EIA) said March 29.Crude inventories rose 867,000 barrels (bbl) in the week ending March 24, compared with analysts' expectations for an increase of 1.4 MMbbl. Total inventories were nearly 534 MMbbl, EIA data shows, a record.Gasoline and distillate stockpiles were down more than expected as refinery run rates increased, giving some hope as the energy industry reaches the end of refinery maintenance season and as driving demand is expected to rise.