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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Will Marcellus/Utica Grow Fast Enough to Offset Declines Elsewhere?

spg_plts_rgb_pos_210x92What if a couple of really smart analysts who work next to each other, guys who challenge each other every day, analysts who study and focus on natural gas production, were to pull the curtain back and reveal to the world what kinds of discussion and repartee they engage in? In particular, disclose their discussions and debate about the Marcellus/Utica? For those of us who eat/sleep/breath shale energy in the northeast, that would be wicked cool. And that’s just what MDN editor Jim Willis was treated to at S&P Global Platts’ Benposium East event in New York this past Wednesday. Luke Jackson, senior energy analyst with Platts Analytics, and Jeff Moore, also a senior energy analyst with Platts Analytics (the Bentek Products division) both live and work in Denver, CO. Their session at Benposium was titled, “Opposing Views–Northeast Production: Boom or Bust?” The two decided it would spice up what is normally a pretty dry conference presentation by standing on the stage and conducting a classic Oxford-style debate, where a motion is offered and one person argues “for” the motion, the other “against.” The motion they put forward was this: “Will Northeast production remain the sole engine of US natural gas production growth in the next 1-3 years, offsetting declines from the rest of the US and allowing overall US production to push higher?” In other words, can the Marcellus/Utica keep expanding production fast enough that it offsets declining production in other plays, or will those other plays need to increase their output too–to meet growing US demand? Luke argued for the motion and Jeff against. What was the conclusion? Keep reading! The boys used a dynamite PowerPoint slide deck. We asked for and got a copy of it and share it with you below. You need to take time to review the slides–they are awesome! Loaded with details. Below we also have some of our notes–quips and tidbits of information that caught our attention as the boys debated…
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Militant Enviros Turn Ugly at Trump Protest Following Speech

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MDN editor Jim Willis attended the Marcellus Shale Coalition’s Shale Insight conference last Wednesday and Thursday in Pittsburgh (see Highlights from 2016 Shale Insight, Day One and Highlights from 2016 Shale Insight, Day Two – Trump!). We had heard, via media reports, that protesters would be present to try and disrupt The Donald’s talk on Day Two of the event (last Thursday). But we didn’t hear or see anything–at least during the conference. Trump’s keynote address was the closing talk at the conference. After he finished speaking, Jim made a beeline back to the MDN booth to get started packing it away since the conference was essentially over (officially ended at 1 pm). After shipping the booth and returning to the place where Jim was staying, he decided to change and, being a fantastically sunny and warm day, head several blocks away to a Starbucks for latte and to sit and get some work done on stories for last Friday. Literally around the corner from where Jim was staying, on Sixth Avenue in Pittsburgh, is an exclusive members-only club called The Duquesne Club. In walking past the club Jim noticed a large police presence, along with a remnants of what looked like the usual suspects he sees at protest rallies–a mix of college kids and old hippies with long gray hair tied back in a pony tails. Jim also saw PA House Speaker Mike Turzai walking on the sidewalk in front of the Club. So he wondered if perchance The Donald had gone to the club for lunch following his speech. Sure enough, in checking the news, Trump held a fundraising dinner at the Club immediately following his speech at Shale Insight. Since the protesters weren’t even noticed (by the press) at the mammoth David L Lawrence Convention Center where Trump spoke, they figured they would get noticed if they jammed the street in front of The Duquesne Club instead. And sure enough, it worked. Police were there in riot gear, and it’s a good thing, because some of the protesters were borderline violent–threatening to break into the private club…
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