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
Black Stone Minerals Forms JV For Haynesville/Bossier Wells Black Stone Minerals LP (NYSE: BSM) struck a joint venture deal in the Haynesville/Bossier shale play in East Texas that it expects will substantially reduce capital requirements by up to $50 million.The Houston-based company said Feb. 21 it entered a farm-out agreement with Canaan Resource Partners covering Black Stone's working interests within a roughly 34,000 gross acre block in San Augustine County, Texas. A total of 58 wells is anticipated to be drilled over three phases.The agreement covers certain Haynesville and Bossier shale acreage in the Shelby Trough operated by XTO Energy Inc. Black Stone has an average 50% working interest in the acreage and is the largest mineral owner, according to the release.
Non-OPEC Supply Cuts Higher Than Expected, Sources Say Eleven non-OPEC oil producers that joined a global deal to cut output to boost prices have delivered at least 60% of promised curbs so far, OPEC sources said Feb. 22, higher than initially estimated.OPEC, Russia and other producers agreed to cut production by 1.8 million barrels per day (MMbbl/d) from Jan. 1 to boost prices and get rid of a supply glut.Compliance numbers were reviewed at a meeting in Vienna on Feb. 22 comprised of officials from countries monitoring adherence to agreed output levels—OPEC members Kuwait, Venezuela, Algeria plus non-OPEC Russia and Oman. OPEC President Saudi Arabia also attended.