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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Highlights from 2016 Shale Insight, Day Two – Trump!

Shale InsightWith apologies to Meghan Trainor, the second and final day at Shale Insight was “All about that Trump, bout that Trump–no Hillary.” However, as exciting as it was to hear The Donald (we’ll share the notes we took during his speech below), we heard an even better speaker yesterday: A young man (kid, really) by the name of Alex Epstein, author of the book “The Moral Case for Fossil Fuels” and founder of the Center for Industrial Progress. As we did yesterday, we will give you our highlights and impressions of sitting in on several of the days main sessions, followed by a plethora of links to stories from reporters who were there covering the event–mostly those there to cover the Trump speech. We also link to the full text of The Donald’s speech below. Buckle up! Here we go…
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Highlights from 2016 Shale Insight, Day One

Shale InsightDay One of Shale Insight is now in the books. MDN editor Jim Willis is attending, with a booth, and had a chance to shake hands with many subscribers. A hearty and heart-felt “thank you” for the kind words to subscribers and long-time industry friends who stopped by. There is no way to sugarcoat the fact that the exhibit space (number of exhibitors) is much smaller this year than in past years. However, you just can’t replace getting face-to-face with customers and (hopefully) future customers. Although the event may be smaller in numbers, that’s not a reflection of the conference program. This year’s program is filled with terrific speakers. Jim had a chance to listen to the speakers during the main sessions in the morning and at lunch. They were some of the best he has heard in attending Shale Insight over the past five years–and that’s no exaggeration. Without a doubt the speaker from Day One grabbing the most headlines was Harold Hamm, CEO of Continental Resources and one of the drillers who figured out how to frac (with no “k”, we’ll explain below). Below are highlights only–pickings from the things Jim heard on Day One. We hope, at some point, to bring you the PowerPoint presentations and perhaps even videos for some of the talks–we’re working on it. In the meantime, here are brief highlights, things that caught our fancy, from the first day…
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Shale Insight Starts Today – Visit MDN in Booth 208

Shale InsightWelcome to Pittsburgh! MDN editor Jim Willis always enjoys the City of Bridges. Today begins Shale Insight. If you’re attending (and a number of MDN subscribers do attend), please stop by Booth 208 and say hello. There will be a number of top notch speakers both today and tomorrow. The person grabbing most of the headlines is Donald Trump, who will speak tomorrow. However, there are many other noteworthy speakers on the agenda. Harold Hamm, CEO of Continental Resources is one of them. Gary Heminger, CEO of Marathon Petroleum is another. Other standouts for MDN: Stacey Olson, the new president of Chevron Appalachia; Gladys Brown, chairwoman of the PA Public Utility Commission; Keith Burdette, Secretary of the West Virginia Department of Commerce; Camera Bartolotta, PA Senator; and Alex Epstein, author of the book, “The Moral Case for Fossil Fuels” (great book, Jim has read it). For the list of speakers and a full agenda, visit: //shaleinsight.com. See you in Pittsburgh!

Visit MDN at Shale Insight in Pittsburgh Next Week

Shale InsightBy our reckoning, the 2016 Shale Insight event being held in Pittsburgh next week (Sept. 21-22) will be MDN editor Jim Willis’ fifth consecutive Shale Insight event. In past years Jim has hung out at the NGI (Natural Gas Intelligence) booth. This year Jim and Marcellus Drilling News will have their own booth: #208 (near the entrance). Jim invites MDN readers who are attending to stop by and say hello! Jim will bribe passersby with free candy, so stop by and grab a piece! What’s that? You aren’t (yet) registered to attend Shale Insight? Let’s get that rectified right now. There are many reasons to attend, including keynote addresses by Harold Hamm, CEO of Continental Resources, and a closing keynote by none other than The Donald (as in Trump). Here’s a rundown of what’s happening next week at Shale Insight…
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Trump to Speak at Shale Insight Event in Pittsburgh on Sept 22

Shale InsightThe Donald is coming to Steel City to talk to frackers. Last Friday the Marcellus Shale Coalition, organizers and operators of the top notch Shale Insight conference and trade show held each year, announced that they had extended an invitation to both Donald Trump and Hillary Clinton to speak at this year’s event being held in Pittsburgh on September 21 & 22. The Donald said “yes” and Hillary said “no.” The Donald supports fossil fuels and their safe extraction and what they can do for America’s energy security. Hillary doesn’t. Need we say more? Oh, one more thing: MDN is happy to announce we will have a booth at this year’s Shale Insight. More on that in future posts. For now, here’s the exciting news that The Donald will address attendees at Shale Insight in less than a month…
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LNG Summit 2017 Coming to Houston in February

LNG summitLNG (liquefied natural gas) is a big deal and getting bigger–you know that if you’ve read MDN for any length of time. As the U.S. begins to shift into producing more natural gas than it can use here at home, exporting that gas, via LNG, is an important market–for the Marcellus, Utica and beyond.

MDN is happy to partner with and promote a major LNG event being held in Houston, TX in February. We invite you to attend the LNG US Summit 2017 in Houston on February 23-24, 2017. Major companies like Cheniere, Worley Parsons, Excelerate Energy, Osaka Gas, Nigeria LNG, GLE, GTT, GE Oil & Gas and many more will present. The LNG Summit will give you the latest details on projects and innovations in the LNG market. Topics include: the outlook for LNG market for the upcoming decade; major LNG buyers and sellers; the latest developments in small and mid-scale LNG. You’ll also hear about the strategies of major companies like one of our favorites, Cheniere. Get the lowdown on marketing and trading, and an inside look at the LNG business, the perils and the possibilities.

For a list of speakers and topics, check out the LNG Summit website: //www.lng-usa.com/

Join MDN in NYC for SNL’s Analyst Training in the Power and Gas Sectors

KC_PGAT_250x125_2016The electric power and natural gas sectors are increasingly joined at the hip, as we observed in January (see Natural Gas and Electricity in U.S. Joined at the Hip). According to the U.S. Energy Information Administration, natural gas has eked out coal to be the number one source of fuel powering electric generating plants in the U.S. MDN currently has 208 stories related to natural gas and electric generation (see them here). Billions of dollars are being spent just in the Marcellus/Utica on new natgas-fired electric plants (OH example: List of 7 Announced NatGas-Fired Electric Plants Planned in Ohio). Yes, natgas and powergen together is a big, hairy deal. So when MDN editor Jim Willis spotted a training seminar dedicated to the topic of natgas and powergen, SNL’s “Analyst Training in the Power and Gas Sectors,” a 2-day training event in New York City on August 8-9, 2016, he just had to go. And so he is! Jim is inviting MDN readers (analysts, investors, traders, others) who work for investment firms, banks, consultancies, engineering firms and other related companies to attend too. MDN has a number of subscribers who are based in New York, Chicago, Pittsburgh and Washington who should attend this event. Be forewarned: it’s not cheap. But Jim considers it to be the best possible training you can get on the topic of natgas and power generation. Here’s the details…
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DUG East – Roundup of Big News from Pittsburgh Event

DUG EastThis week the Developing Unconventional Gas (DUG) East event was held in Pittsburgh, PA. There was a fair bit of news and a host of interesting stories coming from the event. Below we’ve listed stories worth your time, with a very brief summary of why to read those stories. To tease you: the money people think land deals are about to pick up in the Marcellus/Utica; Dept. of Energy Deputy Director Carmine Difiglio signs the praises of the Marcellus/Utica; in the weeds talking about technology; CONSOL’s plans for the Ohio Utica; and much more!…
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