2012 DUG East Conference
See below for the 2012 conference agenda. To download a presentation, click the speaker's name and enter the username and password you received via email following the event. Your log-in credentials are only applicable to this conference and may only be used by registered attendees.
2012 DUG East Show Report
November 13, 2012
Opening Keynote: The North American E&P Water-Management Report Card
Operators have gained great efficiencies in handling produced and flowback water from shale developments. Here's a summary of these achievements and insight as to where greater economy can be achieved.
- Ken Burris, Senior Director, Water, Infrastructure & Environment, WorleyParsons
Water & The Law: Current & Proposed Policy & Legislation
As much as water acquisition, treatment and disposal in Marcellus and Utica operations cost, additional spending is necessary to stay within rules and policy guidelines. Here’s a look at how the regulatory regime is evolving.
- Ken Komoroski, Partner-in-Charge, Pittsburgh-Southpointe, Fulbright & Jaworski LLP
The National Fluids Registry: Best Water-Management Practices
From Washington, D.C., to the Bakken, industry-supported FracFocus has made a national impact: more than 200 producers have registered fracturing-fluids data on more than 27,000 wells. Managed by the Ground Water Protection Council and by the Interstate Oil and Gas Compact Commission, here are details of the registry's success, how it works and how E&P professionals can use the registry to improve their own best water-management practices.
- Joe Lee, Division Director, Pennsylvania Department of Environmental Protection
Spotlight: Securing The Water Supply: Best Practices & New Technologies In Water Acquisition
Learn about the latest practices and technologies to assess the impact of water withdrawal on source areas; constructing a baseline water-test program; monitoring water quality in the area surrounding well operations, both subsurface and surface; and conducting pre-drill water-supply surveys.
- Water Quality, the Myriad Water Sources and Variations in Quality Among Sources
Ken Pandya, President, AWTS Inc.
Gaining Efficiencies: Status Of Total Water Management In The Appalachian Basin
A leading provider of water-management technology and solutions provides an update on how operators are gaining efficiencies in handling produced and flowback water.
- Devesh Mittal, Vice President and General Manager, Shale Gas Division Aquatech International
Earthquake Equation: The Disposal–Well Seismic Event Explained
Discover evidence for and against injection-induced seismicity—and what can be done to mitigate the problem.
- Peter M. Duncan, President and CEO, MicroSeismic Inc.
Environmental Impacts During Marcellus Drilling: Causes, Impacts & Remedies
Findings are presented of Pennsylvanian operators' improving best practices in water issues, as a result of the University at Buffalo's recent study, and of how New York's proposed frac-related policy and legislation will sufficiently protect its constituents.
- Dr. John Martin, Director, Shale Resources and Society Institute, University of Buffalo-The State University of New York
Flowback & Produced Water: Best Practices & New Technologies In Water Treatment
Examine the latest best practices and technology for processing both flowback and produced water via mechanical vapor recompression technology.
- Les Merrill, Senior VP, Project Development, 212 Resources Corp.
Return & Re-Use Panel: Best Practices & New Technologies In Water Disposal
Explore the latest best practices and technologies for treating wastewater before discharge and recycling treated water. Disposal-well requirements will be discussed.
- Robert Cathey, CEO, Ecosphere Energy Services LLC
- Jonathan Hoopes, President and Chief Operating Officer, GreenHunter Energy, Inc.
Operator Roundtable: Achieving Water-Management Success
Here, Appalachian oil and gas producers describe how their water-management programs have evolved from start-up to success — including cost — and how sharing best practices in water management improves the operating environment for all producers.
- Heath Auman, Director, Water Management, Atlas Energy — Presentation not available
- Matthew E. Mantell, Senior Environmental Engineer, Engineering Technology Group, Chesapeake Energy Corp. — Presentation not available
November 13, 2012
Opening Keynote: Current Capital–Markets Appetite for Appalachian E&P
From private equity to public debt, Appalachian producers enjoy access to capital markets. A leading financier reviews what smart money wants in the region and what it will cost.
- Sylvia K. Barnes, Managing Director and Head, Oil & Gas Corporate & Investment Banking, KeyBanc Capital Markets
The Buyers’ View of Marcellus vs. Utica vs. the Rest of the Lower 48
Having just negotiated an Appalachian M&A deal, this transaction advisor provides details on what buyers are willing to pay for Utica and Marcellus producing properties–and why the region captures buyers’ attention.
- Doug Reynolds, Co-Head, U.S., Scotia Waterous, Scotiabank Global Banking and Markets
Case Study: Using ATM Transactions to Fund Operations & Acquisitions
"At the Market" or ATM transactions are increasingly being accessed by oil and gas producers as a means of funding operations and acquisitions across the Lower 48. Here's how these work and examples of successful fund raises.
- Kevin Tyler, Managing Director, Brinson Patrick Securities
Appalachian E&P Economics: Why They Exceed Other Gas-Weighted Plays
The Marcellus’ dry-gas proximity to Northeast U.S. markets and efficiencies from scale and enormous wells make continued development of resources in the region economic. Here’s how.
- Neal Dingmann, Managing Director, Equity Research, SunTrust Robinson Humphrey
Enter the MLPs: Forecasts for Maturing Marcellus Portfolios
Barnett and other older shale–play assets have already become eligible for the MLP model. Here’s an outlook for when Marcellus asset packages will join, along with metrics on what MLPs will pay versus traditional E&Ps.
- Jonathan Hough, Director, BMO Capital Markets
The Operators: Driving Down Costs Toward Improving Economics
Appalachian producers describe innovations they have made to improve play economics via efficiencies in drilling and completions as well as capital structure.
- Michael McCown, Vice President, Northeast, Gastar Exploration Ltd.
Monetizing Appalachia’s Resources: Achievements in Take–Away
Operators and shippers are collaborating to bring the next wave of Appalachian hydrocarbons to market: NGLs.
- George Francisco, Executive Vice President, Finance and Corporate Development, M3 Midstream LLC
Closing Roundtable: What the Smart Money Wants from Appalachia
Investors and capital arrangers discuss why Appalachian E&P is winning them over and which new Appalachian resource results may net yet even greater favor.
- John Moon, Managing Director and Partner, Morgan Stanley Private Equity — Presentation not available
- Gary Milavec, Managing Director, Wells Fargo Energy Capital — Presentation not available
- Frost Cochran, Co-Founding Partner and Managing Director, Post Oak Energy Capital — Presentation not available
November 13, 2012
Opening Keynote: The North American Supply Revolution & the New Geopolitics of Energy
The veteran oil and gas analyst (U.S. representative to the IEA for Presidents Carter and Reagan; co-founder of PFC Energy), describes how unconventional-resource development in North America is changing U.S. and global hydrocarbon-omics. He provides his forecast for continued growth of new hydrocarbon supply, including production from the Utica and Marcellus plays in Appalachia.
- Ed Morse, Managing Director and Global Head, Commodities Research, Citigroup Global Markets Inc.
The Geology of the Play: Understanding the Utica
Geologically, the Ordovician Utica is the oldest of North America's major resource plays. It is loaded with carbonates. And, it has some very interesting reservoir characteristics. Here, experts on this rich rock share their view of how to unlock its potential.
- Visualizing The Utica and the Entire Ordovician System Across the Appalachian, Michigan and Illinois Basins and Its Potential Similarities to the Marcellus Depositional System
Ralph Williams, President, Reservoir Visualization Inc.
- Geology and Engineering of the Utica
Kent A. Bowker, Manager, Bowker Petroleum LLC
- Utica Core-Analysis Findings
Dr. Joel Walls, Director, Technical Resources-Unconventional Reservoirs, Ingrain Inc.
Operator Spotlight: Early Findings & Best Practices in the Utica
EnerVest is built upon a buy-enhance-sell model, and that's the approach the company is taking with Ohio's Utica shale. Here, the company talks about how it has derisked its holdings in the core of the liquids-rich window and its plans for those assets.
- John B. Walker, President and CEO, EnerVest Ltd.
Appalachian Economics: Liquids & Liquidity
They're wet: The rich-gas regions of the Marcellus shale, and much of the Utica shale, produce NGLs. And the volume of liquids coming from these plays is forecast to grow. What does this super-high-Btu content mean for resource monetization for producers?
- NGL- and Oil-Resource Potential of the Utica and Marcellus and Where These Resources Will Likely Land
Bradley Olsen, Vice President, Midstream Research, Tudor, Pickering, Holt & Co.
- Bring It On: Downstream Demand For New Appalachian & North American Hydrocarbon Supply
Jim Cooper, Vice President, Petrochemicals, American Fuel & Petrochemical Manufacturers (AFPM)
- Appalachia's Sustainable Manufacturing Advantage Over World Markets
Steve Adelkoff, Chief Financial Officer, Aither Chemicals LLC
A Post-Election Luncheon with Karl Rove
In an encore appearance at DUG East, the former deputy chief of staff and senior advisor to President George W. Bush shares his view of the ballot results and their implications for better U.S. government policy.
- Karl Rove, Former Deputy Chief of Staff and Senior Advisor to President George W. Bush — Presentation not available
Operator Keynote: Appalachian Bounty & the View of a Shale Leader
After building and selling a $2.2-billion Barnett position to Devon Energy in 2006, unconventional-resource wildcatter Trevor Rees-Jones set his sights on Appalachia’s Marcellus. He has already built and sold the $1-billion Chief Gathering LLC as well as acreage in high-profile deals with Exco Resources and Chevron. Here, its founder describes ongoing results in sweet, northeastern Pennsylvania.
- Trevor Rees-Jones, Founder and Chairman, Chief Oil and Gas — Presentation not available
Buying into the Appalachia Basin: Joint Ventures, Mergers & Acquisitions
Take a deep dive into the transaction landscape in the Appalachian plays. What acreage remains available and at what price? And, what does JV- and acquisition-entry cost?
- M&A Metrics
Tommy Pritchard, Managing Director and Co-Head, Energy Investment Banking, Imperial Capital LLC
- Appalachian E&P JVs — Results to Date
Bill Marko, Managing Director, Jefferies & Co.
Operator Spotlight: Proving Up the Utica's Liquids Window
With 125,000 gross and 62,500 net acres over the Utica, Gulfport Energy Corp. is running two rigs to further prove the play, focused in the wet-gas/retrograde-condensate and mature oil windows of the Utica/Point Pleasant. Learn details of this independent's findings.
- Jim Palm, CEO, Gulfport Energy Corp.
Technology Spotlight: Evolution of Shale Technology
The role of technology in shortening the cycle time in shale plays, a discussion of the key technological developments during the past five years, and an outlook about the emerging technologies that are most likely to change the unconventional landscape in the coming five years.
- Robin Robinson, Vice President, Drilling, U.S. Land, Baker Hughes
Roundtable: Managing Costs and Making Better Wells
Representatives of E&Ps and leading service firms each discuss how their firms are working to improve per-well results in the Marcellus and Utica plays, from reducing drilling days to designing more cost-effective fracs.
- Dave Sobernheim, Principal Engineer, Schlumberger — Presentation not available
- Kenneth Mariani, President and CEO, EnerVest Operating LLC — Presentation not available
- Water — The Least Expensive Thing on Location
Chris A. Talley, N.E. Area Technical Manager, Halliburton — Presentation not available
- Don Robinson, Vice President – Drilling, Marcellus Shale, Range Resources — Presentation not available
Closing Keynote: Unconventional Gas & the Next Steps in the Hydrocarbon Era
Setting a company production record of 17.9-MMcf in 24 hours at one of its Marcellus wells, CONSOL Energy continues to innovate in lateral length, water sourcing, hydraulic fracturing costs and other efficiencies. Randy Albert will discuss how the natural gas industry can play a more proactive role in changing public opinion about unconventional gas development and how producers will continue to find ways to produce despite today’s gas prices.
- Randall M. Albert, Chief Operating Officer, Gas Operations, CONSOL Energy — Presentation not available
November 14, 2012
Opening Keynote: The Marcellus Play Founder's Strategy
While proving the Marcellus shale play, its founder, Range Resources Corp., has developed keen insight into the location of wet Marcellus and Utica pay. It also has led infrastructure-build toward monetizing Appalachia's abundant resources, including ethane exports to petrochemical users. Here, discover details of Range's continued innovation in the dry and wet Appalachian Basin, and how it is converting molecules into dollars.
- Ray Walker, Senior Vice President and Chief Operating Officer, Range Resources Corp.
Spotlight: Potential Political Restraint in North American Gas Production
Here's a macro view of North American dry-gas trends, including outlook for LNG exports from North America. Potential restraint in dry-gas production as a result of legislation or fracture stimulation policy and other surface issues will be discussed.
- Tom Petrie, Chairman, Petrie Partners
Economics Panel: Global Dry-Gas Dynamics
Rumors of dry-gas production's economic demise are greatly exaggerated. Here’s an outlook for the demand for dry gas — in North America and worldwide.
- North American Dry-Gas Economics: What Wells Cost and Which Can Still ROR
Andrew Coleman, Managing Director, E&P Research, Raymond James Energy Capital Markets
- The Outlook for Appalachian LNG Export and Atlantic Basin LNG Dynamics
Don Raikes, Vice President, Dominion Transmission Inc., Dominion Cove Point LNG LP
Operator Roundtable: Shale-side Chat About the Utica & Marcellus
Appalachian producers discuss their shale activities, challenges they encounter and opportunities that arise in the Marcellus and Utica plays. Topics include how operators are addressing community involvement and regulatory regimes.
- Steven T. Schlotterbeck, Senior Vice President and President, Exploration and Production, EQT — Presentation not available
- Greg Muse, President and Chief Operating Officer, PennEnergy Resources LLC — Presentation not available
- Dewey Gerdom Jr., CEO, PDC Mountaineer — Presentation not available
Keynote: A Special Address from Pennsylvania's Secretary of the Department of Environmental Protection
Pennsylvania's chief environmental secretary will provide producers — and their oilfield-service partners and shippers — with the most current information on how industry has and can continue to work toward Pennsylvanian's economic and environmental prosperity.
- Michael Krancer, Secretary, Department of Environmental Protection, Commonwealth of Pennsylvania — Presentation not available
Public-Policy Roundtable: Getting All of Appalachia's Stakeholders Invested
Local, state and federal officials, community leaders and operators' public affairs teams are striving to build consensus and acceptance of resource development. What has worked? What work remains to be done? Here, experts in the field provide insight.
- Chris Tucker, Team Lead, Marcellus/Northeast Pennsylvania, Energy In Depth — Presentation not available
- Gary Slagel, Senior Advisor, Environmental Affairs, CONSOL Energy — Presentation not available
- John T. Hines, Government Relations Advisor, Shell Oil Co. — Presentation not available
- Penny Seipel, Vice President, Community Affairs, Ohio Oil and Gas Association — Presentation not available
- Dr. John Martin, Director, Shale Resources and Society Institute, University of Buffalo-The State University of New York — Presentation not available