Upstream PA Conference: Marcellus Shale Changed the Game

Dr. Terry Engelder – closing presenter

Last week MDN editor Jim Willis had the pleasure of presenting at Shale DirectoriesPA Upstream 2018 event with the theme: “The New Upstream: 10 Years Later.” There were a number of great presentations–from people like David Spigelmyer, president of the Marcellus Shale Coalition, Jude Clemente, analyst and author who frequently writes for the Forbes magazine website, and Pennsylvania House Speaker Mike Turzai. One quick story and some shameless name-dropping. Jim is always jazzed to meet people who read his stuff. Writing is a lonely affair, so getting to industry events every now and again is a great chance to connect with readers. In the hallway ahead of Speaker Turzai taking the stage, Jim was introduced to him (for the first time). When Speaker Turzai heard what Jim does–writing Marcellus Drilling News–he said: “Oh yeah, I read your stuff all the time!” Which put a big smile on Jim’s face. Jim also connected with long-time friend George Stark from Cabot Oil & Gas; another long-time friend, Rick Stouffer, from the always excellent Kallanish Energy, and with Dr. Terry Engelder, the “father of the Marcellus.” Dr. Engelder is now retired from PennState and keeps himself busy writing and speaking. What a treat to meet Dr. Engelder for the first time, after hearing of and writing about him for years! At any rate, as you can imagine, when you give a presentation, your mind is not totally engaged with the presentations you’re hearing. You’re thinking about the presentation you’re about to give! Fortunately, another MDN friend, Nicole Jacobs (from Energy in Depth), was at the event and recorded the highlights…
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Appalachian NGL Storage Hub Conference June 6-7 in Pittsburgh

MDN has previously written about the Appalachian NGL (natural gas liquids) Storage Hub, a $10+ billion infrastructure project with no specific location identified as yet, but West Virginia often named (see M-U’s Next Mega Project: $10B Appalachian Storage Hub). An upcoming conference dedicated solely to the the Storage Hub is coming to the Pittsburgh area June 6-7. The Appalachian Storage Hub Conference is sponsored by our friends at Shale Directories (Joe Barone), along with TopLine Analytics (Tom Gellrich), in Canonsburg at the Hilton Garden at Southpointe. June 6th will see a cocktail reception in the evening and June 7th is the full conference. The conference will answer questions like, What in the world is a storage hub and why does the Marcellus/Utica need one? What are state governments doing to attract this project, and what remains to be done? What kinds of investment opportunities exist? And, How does our region compare with the Gulf Coast? If you have an interest in petrochemicals and NGLs like ethane, you need to attend this event. Oh! And did we say, seating is very limited? It is, so now is the time to act if you want to attend. There’s a few remaining slots…
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1st Marietta College Oil and Gas Technical Exposition Big Success

Credit: Marietta College

Hats off to the smart and ambitious kids at Marietta (OH) College. A group of students in the college’s oil and gas program planned and hosted the first Marietta College Oil and Gas Technical Exposition (MCOGTE) last Friday. There were 51 companies exhibiting at the event. The event drew over 400 attendees–students, members of the oil and gas industry, and members of the local community. There were five large pieces of equipment prominently on display: Halliburton’s Data Van, a Halliburton 30-foot long mud motor, a Nine Energy wireline truck, a Wagner torque and test unit, and an Aqua Source lab. These kids know how to put on a good show! The event offered opportunities to learn and network. Callum Streeter, COO of EdgeMarc Energy and president of Appalachia AADE (American Association of Drilling Engineers) was the keynote speaker. Below is a roundup of what happened at the event…
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Marcellus Shale’s “Decade of Disruption” in Regional Energy Market

Last week an exclusive (invitation-only) event was held in Hershey, PA. It was the second annual Executive Energy Seminar: Regional Energy Markets 10 Years After Marcellus Shale event. This year’s theme (or the name for this year’s event), was “Decade of Disruption: Marcellus Shale and Regional Energy Markets.” The event was organized by John Hanger, a former Pennsylvania state utility regulator and former Secretary of the PA Dept. of Environmental Protection under Ed “Fast Eddie” Rendell. Hanger also previously served as Secretary of Policy and Planning under current Gov. Tom Wolf. Hanger assembled an impressive group, including FERC Commissioner Rob Powelson, FERC Chairwoman Gladys Brown, current Secretary of PA DEP Pat McDonnell, and PJM Interconnection president Andrew Ott (among many others). RTO Insider scored an invite and reported on what was said. Below we have a few select portions of their coverage, of interest to the MDN audience…
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Range Resources VP Says M-U Heading for “Sweet Spot Exhaustion”

Platts held their Appalachian Oil and Gas Conference in Pittsburgh earlier this week. One of the more interesting comments at the event came from Alan Farquharson, senior vice president of Range Resources. Farquharson gave an interview to a Platts reporter and said natural gas production in the Marcellus/Utica can’t continue its rapid increase indefinitely. Farquharson said drillers are going to hit “sweet spot exhaustion,” by which he means they will soon run out of Tier 1 locations to drill, requiring they branch into Tier 2 and Tier 3. As they drill in those other locations, well production will decrease, and along with it regional output will decrease. Range was the very first driller to sink a Marcellus well, back in 2004, so they know a thing or two about the play. When Range talks, everyone listens. Here’s more of Farquharson’s provocative comments from earlier this week…
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DUG East Coming to Pittsburgh June 20-22

If you’re deeply involved, or even peripherally involved, with the Marcellus/Utica, there are two events each year that you should attend. One of those events is DUG East (hosted by Hart Energy), and the other is Shale Insight (hosted by the Marcellus Shale Coalition). DUG East will be held next week in Pittsburgh. Unfortunately MDN will not be able to attend this year (we did last year). But we have reviewed the agenda and we can highly recommend next week’s event. Next week you will find out what’s working, what’s not and what’s next for upstream producers and midstream operators in the Marcellus and Utica–the biggest natural gas-producing region in the United States…
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Think About Energy Briefing – Coming May 24 in NEPA

For those who live in the Scranton/Wilkes-Barre orbit, MDN is pleased to call attention to a free shale energy seminar being held next Wednesday (May 24) in Dallas, PA. Borton-Lawson, Cabot Oil & Gas, UGI Energy Services, UGI Utilities, Williams, and in conjunction with ACT for America and the Back Mountain Chamber of Commerce, will host the “Think About Energy Briefing” on Wednesday, May 24 from 8-10am at Misericordia University. Natural gas will be the main topic of discussion. At the event presenting will be MDN friends Bill desRosiers (Cabot O&G) and Mike Atchie (Williams), among others. Here’s the deets for how you can attend…
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Big News from the O&G Awards Northeast Industry Summit

Yesterday MDN editor Jim Willis had the pleasure of attending, and moderating two panel sessions, at the Oil & Gas Awards 2017 Northeast Industry Summit in Pittsburgh. (Jim is back in Binghamton today, very tired!) When the sessions are made available via video, Jim will post them here on MDN. In the meantime a few words about the sessions and presenters, and about what we consider some pretty big news coming out of yesterday’s meeting. The day began with MDN friend George Stark, Director of External Affairs for Cabot Oil & Gas, making an impassioned plea for everyone in the industry to get involved with telling the great story of our beloved industry. Don’t think it’s someone else’s role–it’s the role of every single person in the industry, from janitor to secretary to CEO. George gave a rousing, opening address. George was followed by a panel discussion led by MDN friend Charlie Schliebs, Managing Director of Stone Pier Capital. Charlie’s panel tackled some interesting topics about mergers and acquisitions, bankruptcies, and where they see the price of natural gas going over the next several years. After Charlies panel was a panel discussing pipeline projects. The moderator was Fred Lowther, a partner at powerhouse energy law firm Blank Rome. Fred, who once worked on the Iroquois Gas Transmission Pipeline project when it was being built, said over the years since that pipeline was built he’s often joked they failed to do a “celebrity impact statement” when building it. Liked that line! After Fred’s panel was a talk given by Michael Krancer, also with Blank Rome (and former Secretary of the PA Dept. of Environmental Protection). Mike is always a take-no-prisoners presenter. We’ve always loved the way he thinks and expresses himself. Yesterday was no different. It was during Mike’s talk that we found what we believe was the most important thing said yesterday. It has to do with PA’s proposed General Permit 5A. Mike said if GP-5A is enacted as written, it will result in a 12-18 month moratorium on production in Pennsylvania…
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Still Time to Join MDN in Pittsburgh on Thursday – Here’s How!

For those in the Pittsburgh region, there is still time to register and attend this year’s Oil & Gas Awards Northeast Industry Summit, being held on March 2 in Pittsburgh. MDN editor Jim Willis will moderate two of the panel discussions at the event. Jim invites Marcellus Drilling News readers in the Pittsburgh orbit to attend the Summit–for FREE. Just sign up here. The Agenda for the Northeast Industry Summit is now complete (see it online). MDN readers are invited to attend as complimentary guests. The Industry Summit takes place at the Westin Convention Centre, Pittsburgh, PA, on Thursday, March 2, 2017, between 8.30 am and 12.30 pm.

Join MDN at O&G Awards Northeast Industry Summit on March 2

Once again MDN editor Jim Willis is participating in this year’s Oil & Gas Awards Northeast Industry Summit, being held on March 2 in Pittsburgh. Jim helped create the program for this year’s Summit, and he will moderate two of the panel discussions at the event. Jim invites Marcellus Drilling News readers in the Pittsburgh orbit to attend the Summit–for FREE. Just sign up here. The Agenda for the Northeast Industry Summit is now complete (see it online). MDN readers are invited to attend as complimentary guests. The Industry Summit takes place at the Westin Convention Centre, Pittsburgh, PA, on Thursday, March 2, 2017, between 8.30 am and 12.30 pm…
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Petrochemical (i.e. Cracker) Event Returns to Pittsburgh in June

If you have an interest in the Shell (and PTT, and Braskem and other) ethane cracker plants–listen up. There is a conference coming in Pittsburgh in June you may want to consider attending. Northeast US Petrochemical Construction Conference 2017, organized by Petrochemical Update, returns to Pittsburgh on June 19-20 for a second time. Full disclosure: this event has paid MDN to send an email to our high-quality audience. Further full disclosure: MDN would not promote this event unless we support it. Although we received the announcement below about the upcoming event, we were not paid to run it. We do so because we support this event. With over 50 speakers and 400+ attendees, this is THE downstream event to attend in the Marcellus/Utica. Here’s the details…
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Williams CEO Says M-U Production Will Grow 65% in 5 Yrs

Hart Energy’s Marcellus-Utica Midstream Conference and Exhibition was held this week in Pittsburgh. Although MDN could not be there in person, there are plenty of reports about what was said. Perhaps the most interesting we’ve read are comments by keynoter Alan Armstrong, CEO of Williams. Among the startling remarks Armstrong made: He expects natural gas production in the Marcellus/Utica to grow by 65% over the next five years–from 23 to 38 billion cubic feet per day (Bcf/d). Yikes! He also said there are currently 60 rigs operating in the M-U, which is “not nearly enough.” In order to meet growing demand, Armstrong says some 100 rigs are needed. Double yikes! Here’s some more pickings from what was said at the conference…
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Northeast Oil & Gas Awards Announces 2017 Finalists

The Fifth Annual Northeast Oil & Gas Awards will take place on Thursday, March 2 in Pittsburgh. The O&G Awards have just released the list of this year’s finalists. These companies, all of them already winners in our book, have been shortlisted by the judging panel for their commitment to the key areas of Health & Safety, Operational Excellence, Innovation, Corporate Social Responsibility and Environmental Stewardship. MDN congratulates the following finalist companies in the Fifth Annual Northeast Oil & Gas Awards!…
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MDN Reader Discount to Attend Pittsburgh Pipeline Meeting Jan 17

A special offer to MDN readers from the Appalachian Pipeliners Association (APA). MDN readers are invited to the January 2017 APA Dinner Meeting and Presentation: Oil & Gas Journal’s Forecast and Review–2017. Presented by Oil & Gas Journal Editor, Bob Tippee, the presentation (on Jan. 17) is sure to benefit industry operators and suppliers interested in learning more about what’s in store for the year ahead. MDN readers get a special discount to attend…
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Harold Hamm Talks About Trump, OPEC, and Global Warming

Last week MDN editor Jim Willis attended the “Platts Global Energy Outlook Forum 2016,” held at the beautiful Cipriani, located across the street from the iconic bull that sits on Wall Street. As in previous years, this year’s event featured a number of big names in the oil and gas industry. Most notable was the opening keynote address and Q&A with Harold Hamm, CEO of oil driller Continental Resources (and an adviser to Donald Trump). The luncheon featured the former Secretary General of OPEC. As you can surmise, this year’s event, unlike previous years, was mostly about oil. The recent OPEC agreement to cut production among member states by 1.2 million barrels per day, and a follow-on agreement by non-OPEC members (like Russia) to cut another 600,000 barrels per day, was the topic du jour for speakers and audience members alike. Below are MDN’s notes from Harold Hamm’s address and Q&A session…
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Jim’s Notebook: Benposium East Predicts Future for Oil/NatGas

reporter-notebookOn Sept. 30 MDN editor Jim Willis attended S&P Global Platts’ Benposium East event in New York City. According to a description for the event, “The Benposium East 2016 Conference empowers attendees with proprietary, forward-looking energy market fundamental analysis. It explores the most important aspects of crude, natural gas, and electric power markets and pricing while providing data and information to help market participants stay ahead of the curve headed into 2017.” In MDN’s plain-spoken words, Platts got a number of their really smart analysts together, along with a few outsiders, to give traders and investors an update on what they see coming in the short, medium and long-term with respect to oil, gas and electricity. It was a top notch event. We already brought you coverage for one of the sessions on Marcellus/Utica production (see Will Marcellus/Utica Grow Fast Enough to Offset Declines Elsewhere?). Jim wrote up his notes on each session and is making those notes available below. Although Jim received a copy of the PowerPoint slide presentations, Platts does not allow public redistribution of their slides–sorry, we can’t share them with you. However, you may pick up some gems from the notes we took, primarily on where prices and production are heading for both oil and natural gas…
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