DUG East
June 23-25, 2015
Pittsburgh, Pennsylvania
David L. Lawrence Conv. Ctr.
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DUG East Conference & Exhibition

Marcellus Producers Thrive on Operational and Capital Efficiencies

Appalachia’s Marcellus formation is decidedly the world's largest natural gas shale play. The sudden and dramatic surge in natural gas production from its rocks is legendary—from 2 Bcf/d to 16+ Bcf/d in just over four years. The application of horizontal directional drilling and hydraulic fracturing technologies unlocked this prolific gas province. But equally as remarkable as the region's growth, is the fact that producers are carving out a competitive edge in the face of lower commodity prices by evolving the very technologies and practices that first gave them access.

In 2014, Marcellus natural gas production increased 21% despite a 32% drop in natural gas prices and steadily declining rig counts. New efficiency-driven practices like drilling longer laterals, refracking existing wells and increasing pad drilling have enabled operators to grow production while dramatically cutting drilling and completion costs. In many cases, refracking alone enables producers to cut around 25% of their well costs. According to Oppenheimer & Co., Marcellus break-even costs have been cut in half—from approximately $4/Mcf in 2008 to less than $2/Mcf today.

Producers are finding support from the midstream community too. A lack of adequate takeaway capacity has long plagued the region, limiting the markets to which natural gas can be sold. Yet midstream operators are diligently building new infrastructure. Between 2014 and 2018, some $20 billion is being invested to add 20 Bcf/d of regional capacity. Another 10-12 Bcf/d of proposed projects are still under consideration. This additional investment, combined with the many projects that have already been completed, will open up new markets in the Midwest, Gulf Coast and beyond.

Hear directly from top producers in the Marcellus at DUG East, June 23-25, 2015 at the David L. Lawrence Convention Center in Pittsburgh, PA. Through the sessions like the event’s opening keynote "The Appalachian Basin's Role on the World Stage," attendees will get an in-depth look at the world's most prolific natural gas play. Click here to view the complete conference agenda.