The Facts & Rumors newsletter recently had an in-depth article from Oil World that discussed a fourth quarter recovery in the Marcellus and Utica in 2016. The article highlighted the fact that there are 37 pipeline projects that will be completed between 2016 and 2018. Additionally, I’ve heard from different sources that in Northeastern PA there will be more take away capacity than production capacity by the end of 2016.
Chevron is also starting to obtain permits to drill in PA and Shell is securing permits in McKean County, PA to go along with permits they are obtaining Tioga County, PA. Do the big guys know something we don’t? Is the bottom in on oil and gas prices? Today NatGas is hovering around $2.00 which the highest level that it’s been in weeks.
If you are wondering about the state of drilling in PA in 2016 and beyond, you should register for Upstream PA 2016. http://upstreampa.com/
The Seminar will have experts from the Energy Information Administration who will discuss the shale development and BTU Analytics who will cover the risks and opportunities in the Northeast gas market.
Here are 5 reasons why should attend:
- Networking – there is plenty of time allotted to network with the presenters, participants and sponsors. The conference is mixed with buyers and sellers so come prepared to trade business cards and do your follow up! We have heard many stories of successful partnerships as a result of our events.
- Operators – Cabot Oil & Gas, Seneca Resources and Southwestern Energy are all presenting at the conference. The operators produced nearly 1 trillion cubic feet of gas in 2015 and are still very active in 2016. Hear first-hand what is needed to keep this industry the positive economic engine it has been.
- Marcellus Shale Coalition – Dave Spigelmyer, President of the MSC, will be delivering a much anticipated talk on the state of the industry. If anyone has a pulse on the industry, it is Dave. Hear what his member companies are saying is needed to keep this industry thriving in the Commonwealth for 2016 and beyond.
- Analytics – not only do we have the EIA presenting, but we will hear a more regional discussion on projections for natural gas production, consumption, exportation and transportation. Learn how the numerous basins across the United States can impact development in the Commonwealth. For future planning purposes, you can’t get any better information!
- Competitors – if the other reasons aren’t enough, this should be compelling. Your competition will be there. Despite the slowdown, there still are opportunities for business development but more importantly you will learn when to expect the growth to take place, what is needed to make it happen and what you can do to help drive this development.
There will also be panelists from major E&P Companies and midstream companies which are Cabot, Seneca, Southwestern, Sunoco Logistics and Williams.
Register Now. Last year’s seminar sold out.
Due to overwhelming response to the conference and multiple events in the State College area the week of April 19th, there are limited spots remaining for the conference and hotel rooms.
Currently the Penn Stater Conference Center, where the seminar will be held, has sold out but we have secured discounted rooms at the Holiday Inn Express (814-234-8000) and Toftrees (814-278-7595). You must call and mention code “Upstream PA”.