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Page 5: MDN’s Top Stories in the Past 30 Days ENVIRONMENTAL MANAGEMENT - Page 7: Eclipse Resources Monarch Butterfly Conservation Project WATER MANAGEMENT - Page 8-9: Solutions Arsenal for Oilfield Water Management Page 10: Numerous Factors Involved Picking Recovery’s Winners
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The Northeast ONG Marketplace
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The Northeast ONG Marketplace
ASSOCIATION MEETINGS IOGANY Annual Meeting | October 19-20, 2016 Elliocottville, NY - www.iogany.org
Marcellus Shale Coalition Annual Meeting | October 26-27, 2016
State College, PA - www.marcelluscoalition.org
PIOGA Annual Meeting and Retirement Celebration |
November 3, 2016 - Mars, PA - www.iogany.org PIOGA Winter Meeting | February 1, 2017 Pittsburgh, PA - www.pioga.org
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ARTICLES
ADVERTISER INDEX
MDN’s Top Stories in the Past 30 Days.................... 5
ALBERTA RIG MATS.............................................. 4 ALPINE ELECTRIC................................................. 7 CST INDUSTRIES.................................................. 2 ERNST SEED.......................................................... 2 LEE REGER BUILDS.............................................. 7 LEE SUPPLY........................................................... 2 LYDEN OIL COMPANY........................................... 3 MID-ATLANTIC STORAGE.................................... 7 NEWSON-GALE................................................... 12 NORTH AMERICAN FIELD SERVICES.................. 7 PREMIER SAFETY & SERVICE INC...................... 6 WEAVERTOWN ENVIRONMENTAL...................... 7 WOLF CONSULTING & EVENTS........................... 7
ENVIRONMENTAL MANAGEMENT: Eclipse Resources Monarch Butterfly Conservation Project.7 WATER MANAGEMENT: Solutions arsenal for oilfield water management.................................. 8-9 Numerous factors involved picking recovery’s winners................................................................. 10
CALENDARS ASSOCIATION MEETINGS.................................... 4 NETWORKING EVENTS........................................ 8 TRAINING & WORKSHOPS.................................. 9 UPCOMING EVENTS........................................... 11
CONTACT US FOR ADVERTISING, INFORMATION OR MAILING LIST CHANGES:
The Northeast ONG Marketplace PO Box 1001 • Youngwood, PA 15697 724-787-4451 Fax: 724-221-3829 E-mail: info@ongmarketplace.com
The Northeast ONG Marketplace will not be liable for any misprint in advertising copy which is not the fault of The Northeast ONG Marketplace. If a misprint should occur, the limits of our liability will be the amount charged for the advertisement. We do not assume responsibility for the content of advertising or articles herein. Any warranties or representations made in the advertisements are those of the advertisers and not The Northeast ONG Marketplace. Any warranties, representations or opinions made in the advertisements or articles are those of the contributors and not The Northeast ONG Marketplace.
October/November 2016
MDN’S TOP STORIES IN THE PAST 30 DAYS By: Jim Willis, Marcellus Drilling News Each weekday Marcellus Drilling News locates and shares news, along with a healthy sprinkling of commentary, for the Marcellus and Utica Shale. Over 45,000 people read MDN each month, making it an excellent barometer to inform ONG Marketplace readers which topics generated the most interest for those who work in the oil and gas and associated industries. Below is a summary of the top 5 stories that were most-read over the past 30 days on MDN. #1 Most Read: Magnum Hunter Finds New CEO to Replace Forced-Out Gary Evans Magnum Hunter Resources Corporation (MHR), a driller 100% focused on the Marcellus/Utica emerged from bankruptcy in May, less than five months after filing. As we observed at the time, we were surprised to read that MHR’s flamboyant CEO, Gary Evans, was gone from the company. In his place MHR named two of Evans’ lieutenants to serve as co-CEOs while the new board of directors looked for a permanent replacement for Evans. The search is over. MHR announced in September that John K. Reinhart has been named president and CEO of MHR. Reinhart has a good pedigree with 22 years of experience in the industry--most of it in the Marcellus/Utica region. Most recently Reinhart ran Ascent Resources-the company founded as American Energy Appalachia Holdings by Aubrey McClendon, later renamed to Ascent when it broke away from McClendon. Reinhart has also worked for Chesapeake Energy and Schlumberger. This story shared a backgrounder on MHR’s new leader. Oh! By the way, Gary Evans isn’t letting the grass grow under his feet. He started yet another oil drilling company. His new company is NOT focused on the Marcellus/Utica. Read the full story on MHR’s new CEO at: https://goo.gl/E9opWD #2 Most Read: Shell PA Cracker Plant Project a Lot Bigger Than First Thought Although this story was the second most-read story in the past month, it was actually posted back in June. Which means this story continues to be of high interest to people in the industry. MDN was one of the first (in June) to bring our readers the fantastic news that Shell has decided to move forward with building their multibillion dollar ethane cracker plant. Shell mentioned their positive final investment decision (FID) as part of a larger, wide-ranging announcement on their plans for the next few years and beyond. They were slow off the mark, but Shell finally issued a separate press release about the FID for the Monaca, PA ethane cracker plant complex. As usually happens with a story this big, more details came out after the initial announcement. For example: Shell’s initial estimate for the cost of the project, more than four years ago, was “$2-$3 billion.” Now? They won’t say. But some news sources are reporting it will be closer to a $6 billion investment. One even goes as high as $11 billion! What Shell *is* saying is that construction on the main part of the facility will begin in 18 months, with production expected to flow beginning “early in the next decade”--which we take to mean sometime around 2020 or 2021. Shell says the project will provide work for 6,000 temporary construction workers while it’s being built, and 600 permanent, full-time employees to operate the facility once it is built. Needless to say, local economic and government leaders in the Pittsburgh region are ecstatic with the news. This story shared more details about the Shell ethane cracker coming to PA, along with select reaction and comments. Read the full article here: https://goo.gl/mx6HpU #3 Most Read: Important: OH Supreme Court Finally Rules on Dormant Mineral Act MDN has been reporting on the Ohio Dormant Mineral Act (DMA) for years. In a nutshell, there are two DMAs in Ohio--one passed in 1989 that went into
Page 5 effect in 1992, and another in 2006 which added certain additional procedural requirements to the 1989 version. The DMA in its various versions provides for mineral rights that had previously been separated from surface rights to transfer back to the surface owner under certain conditions. The problem, for drillers and for landowners in Ohio, is in knowing which set of DMA rules to use (1989 or 2006) in determining who owns the mineral rights. A number of DMA cases went before the Ohio Supreme Court. Some of the minor cases were previously decided over the past year or so. However, most of the big cases remain stalled at the Supreme Court. That is, until September, when the Ohio Supreme Court ruled on the remaining big DMA cases. The Supremes issued full rulings in three cases and stated the other cases come under those three. The biggest of the three is Corban v. Chesapeake Energy, in which the justices said the 2006 law now trumps (pun intended) the 1989 law. This article provided a summary of what the court decided. Read it here: https://goo.gl/XLf7VY #4 Most Read: Dominion Locks Out Labor Union Workers in WV-PA-OH-NYVA-MD A labor union contract between Dominion Transmission Inc. (DTI) and Local 69 of the Utility Workers Union of America, United Gas Workers expired on April 1st. Since that time the two have come to the bargaining table many times, without success. So Dominion is now trying to bust up the union (our words) by locking out 915 union workers from their jobs across the northeast and mid-Atlantic: in West Virginia, Pennsylvania, Ohio, New York, Maryland and Virginia. Dominion’s top brass says they’ve had to take this step because of the upcoming heating season, about ready to begin. Dominion is concerned that customers not be left out in the cold, literally--so they’re replacing union workers with management workers and temps “trained to handle essential tasks.” Dominion is a large company that not only is an LDC (a local utility that distributes gas to customers), but also a big midstream pipeline company. Here’s what we wonder but haven’t seen addressed: What about Dominion’s Cove Point LNG export plant? Are any of these sidelined union workers off the job at Cove Point, and will that delay the project? Same for the upcoming Atlantic Coast Pipeline project. When it gets built, will it get built without union workers? What about Dominion compressor station upgrades coming to six plants, recently approved by FERC--were any of these union workers working on the compressor projects? [Note: A week after this article was published Dominion agreed to allow the workers to return to work after securing a guarantee they won’t strike. The two sides have a new deadline of April 2017 to work out a new contract.] To read the original article announcing Dominion’s lock-out action, go here:https://goo.gl/QuGBhD #5 Most Read: Rice Energy Ramps Up Leasing Activity in Greene County, PA Recently MDN brought readers the dynamite news that Rice Energy is buying out Vantage Energy for $2.7 billion. A day later we answered they “why” question: The reason Rice bought Vantage was largely because of 85,000 acres of Marcellus leases in Greene County, Pennsylvania. What we had overlooked was the fact that 27,000 of the 85,000 acres in Vantage’s Greene County portfolio was acreage they recently bought from bankrupt Alpha Natural Resources, in May! Rice had bid $200 million for that acreage, but Vantage came along and got it for $339.5 million. Now that Rice has locked up the Vantage acreage in addition to its own considerable holdings in Greene County, what’s left to do? Lease more unleased acreage in Greene. Rice says there is between 20,000-40,000 unleased acres in Greene and the company is full speed ahead trying to get that acreage signed up for themselves. Note to Greene County landowners: expect a landman on your doorstep soon! Read about the coming Greene County lease frenzy here:https://goo.gl/i2qfYO If you’d like to keep track of the headlines each business day, it’s easy! Just sign up for MDN’s free daily email at marcellusdrilling.com/email.
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The Northeast ONG Marketplace
TRAINING & WORKSHOPS OCTOBER
NOVEMBER
22-23 OOGEEP Firefighter Workshop Applecreek, OH www.oogeep.org
2-3 Shale 101 Pittsburgh, PA www.marcelluscoalition.org
25 SafeLand USA Cambridge, OH www.rjrsafety.com
2-3 NFPA 600 Evaluation Sarnia, ON www.lambtoncollege.ca/firetraining
26-28 Introduction to Industrial Interior and Exterior Firefighting Sarnia, ON www.lambtoncollege.ca/firetraining
10 SafeLand USA Washington, PA www.rjrsafety.com
27 Preparation a& Action:Communication Strategies for Navigating a Crisis State College, PA www.marcelluscoalition.org 31-1 NFPA 600 Incipient III Sarnia, ON www.lambtoncollege.ca/firetraining
14-18 NFPA 1081 – Industrial Incipient Level Firefighting Sarnia, ON www.lambtoncollege.ca/firetraining 18 Industrial Exterior Firefighting Refresher Sarnia, ON www.lambtoncollege.ca/firetraining 21-23 Incident Command and Emergency Management for Industry Sarnia, ON www.lambtoncollege.ca/firetraining
DECEMBER 8 Recent Developments in Pipeline Safety Canonsburg, PA www.marcelluscoalition.org 13 SafeLand USA Bridgeport, WV www.rjrsafety.com
WANT YOUR TRAINING EVENT ON OUR CALENDAR? CALL US AT 724-787-4451 OR EMAIL INFO@ONGMARKETPLACE.COM
October/November 2016
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ENVIRONMENTAL MANAGEMENT
ECLIPSE RESOURCES MONARCH BUTTERFLY CONSERVATION PROJECT By: Melissa Hamsher, VP, Environmental, Health, Safety, and Regulatory, Eclipse Resources Corporation Eclipse Resources Corporation (Eclipse Resources) is an oil and gas exploration and production company with offices in State College, Pennsylvania and Zanesville, Ohio. Eclipse Resources is an active operator in the Utica and Marcellus shale plays, with a focus on the development of unconventional horizontal wells in southeastern Ohio. In keeping with Eclipse Resources’ practice of environmental stewardship and conservation activities, Eclipse Resources’ Environmental, Health, and Safety Team has kicked-off the Monarch Butterfly Conservation Project. The Monarch Butterfly’s available habitat is dwindling, due to farming practices, urban sprawl, and construction. Through the conservation project, Eclipse Resources provides the butterflies with critical habitat to promulgate their dwindling numbers. The Monarch Butterfly migration is one of the world’s longest insect migrations. The butterflies begin their journey in Mexico in the spring season and migrate to the northeastern United States, including those states in the heart of the Appalachian Basin, where they colonize and remain until they begin their migration back to Mexico in late August. Over several decades, Monarch Butterfly habitat has diminished in size. The Eclipse Resources Monarch Butterfly Conservation Program not only provides habitat for the Monarch Butterfly to reproduce, but provides that same habitat to known pollinators. Not only are the Monarch Butterflies pollinators themselves, their numbers represent the overall health of pollinators in general. Pollination is critical to our agricultural development and sustainability. Monarch Butterfly Way Stations are gardens packed with plants that the butterfly can eat and deposit their larvae. These plants include different species of milkweed, coneflowers, butterfly bushes, and lilies. The plant species selected for the gardens are native to the areas of Eclipse Resources’ operated well sites. Utilizing native species allows for the way stations to become quickly self-sustaining. Eclipse Resources is in an especially unique position to assist in the promulgation of the species. Through the installation of Monarch Butterfly way stations at
every Eclipse Resources operated unconventional shale well site and production facility in Guernsey, Noble, Monroe, Harrison, and Belmont, Ohio counties, not only is a beautiful garden created at an otherwise industrial site, valuable pollinator habitat is created. The Monarch Butterfly Conservation Project gives Eclipse Resources’ executives and field employees the opportunity to provide a valuable community service through the agriculture and conservation education of the children local to Eclipse Resources’ well site locations. In the areas in which Eclipse Resources’ Operations Team performs their work, local Boy Scouts, Girl Scouts, Future Farmers of America, church youth groups, elementary school student, and 4-H children participate in the field installation of the way stations. This activity provides the local children valuable education in conservation, and delivers outstanding educational project materials. Eclipse Resources provides materials to the children in the hopes that the children will continue the conservation program through butterfly way station installations at their homes and schools. Not only is this program keeping with Eclipse Resources’ tradition of environmental stewardship far and above what is required by law and regulation, it is a wonderful project for the communities in which Eclipse Resources works and an excellent educational activity for the children. Melissa Hamsher VP, Environmental, Health, Safety, and Regulatory mhamsher@eclipseresources.com Eclipse Resources Corporation NYSE: ECR
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The Northeast ONG Marketplace
WATER MANAGEMENT
SOLUTIONS ARSENAL FOR OILFIELD WATER MANAGEMENT By: Brad Biagini, Senior Process Engineer, Water Technologies, Veolia Amidst growing public concern and tightening regulation of water resources, exploration and production operators are seeking customized treatment solutions able to improve both environmental and bottom line performance. An array of water treatment technologies is available to meet widely varied oilfield conditions and needs. Deluge of challenges How clean is clean? When it comes to removing impurities from oilfield water, the answer may be in the eye of the beholder. It can also depend on the intentions of cost-conscious exploration and production companies looking for new ways to optimize use of available water resources.
FMOG-057.jpg Veolia’s CeraMem® ceramic membranes are a key component of both the ROSS™ and OPUS® II technologies.
Reuse response: ROSS™ technology A solution for produced water reuse proving popular with oilfield operators in the Midwest and Western states is Veolia Water Technologies’ ROSS™ technology. Ideal for treatment of flow-back and produced water for reuse in exploration and production operations, ROSS™ combines Veolia’s Multiflo™ technology and CeraMem® membranes to produce water suitable for reuse.
WAC Softeners and Clarifier San Ardo CA 003.jpg OPUS® Technology has been successfully operating in Chevron’s San Ardo oilfield since 2007, providing water for reuse in once-through steam generators as well as discharge into recharge basins, replenishing groundwater resources.
Issues surrounding the management of oilfield water used in upstream oil and gas operations are attracting increasing attention. Disposal by pumping into subsurface zones of fracturing flow-back and produced water is facing increasing regulatory restrictions as awareness grows regarding freshwater scarcity and the potential environmental impacts from oilfield operations. Hauling produced water to disposal wells also can be expensive, and this practice comes with liabilities for truck accidents as well as emissions from truck traffic. Recycling of produced water for reuse has increased but volumes may exceed what can be recycled. Treatment may be complicated by the specific constituents present in the water due to geological formation and/or exploration method, whether steam flooding, water flooding, slick water fracking, gel fracking or other approaches. All of this is generating demand for cost-effective, flexible treatment and disposal options to minimize total water lifecycle costs in the oilfield. To meet it, a range of different technology solutions are available to treat specific constituents to the level needed for the planned use of the treated effluent. Under such conditions, the right expertise -- needed to determine the best approach and develop a customized solution -- is as important as the right equipment.
Feed water is first treated using the Multiflo™ high-rate chemical softening technology to remove scale formers. This process utilizes a proprietary draft tube mixing technology, Turbomix®, to assist in the formation and separation of crystalline solids. The softened water and crystalline solids are then processed through the CeraMem® ceramic membrane ultrafiltration technology. Operated in cross-flow mode, the membranes remove free oil, suspended solids and bacteria to very low concentrations in a single step. The solids from the CeraMem® ultrafiltration are continuously recycled to the crystallization tank of the Multiflo™ unit, providing seed for crystal growth. The treated water from the CeraMem® process is neutralized and reused in the shale oil operations as frac water, reducing fresh water demand. Surface discharge or reuse: OPUS® II technology In situations where produced water volumes exceed what can be reused, Veolia’s OPUS® II technology produces water clean enough for either reuse or discharge in either shale oil or conventional oil applications. This is the second generation of Veolia’s OPUS® technology, first introduced in 2007 at Chevron’s plant in the San Ardo Field in Monterey County, California. OPUS® II, already operating at a treatment plant in California goes one step further than ROSS™, providing high quality water suitable for reuse in steam boilers, irrigation or surface water discharge (low boron levels). The compact produced water treatment technology utilizes a ROSS™ system for pretreatment prior to ion exchange and reverse osmosis. The filtrate from the ROSS™ system is further treated with ion exchange softening utilizing Weak Acid Cation (WAC) resin in sodium form for further removal of hardness and metals to lower concentrations, without pH correction.
October/November 2016
Page 9 OPUS® II benefits: • High water recovery rate • Low waste volume • Effective control of scaling and fouling • High salt rejection • Continuous clean-in-place • Produces effluents suitable for surface discharge or reuse Zero Liquid Waste Solutions • Ideal for both flow-back and produced water • Efficient removal sodium and calcium chlorides as well as the heavy metals in the effluent generated in shale gas production • Only waste produced is a solid salt cake that passes TCLP testing, suitable for landfill disposal • Eliminates the need for chemical softening pretreatment • Recovers greater than 95% of the wastewater for reuse
CoLD1.jpg CoLD® crystallizers make the ZLW centralized treatment approach an economical option for treatment of produced water in the Marcellus/Utica shale plays.
The pretreated water is then pressurized through reverse osmosis, operated at an elevated pH in single or double pass mode, to reduce total dissolved solids (TDS), boron and organics. The treated water exceeds state and federal requirements for quality. Zero Liquid Waste/Zero Liquid Discharge systems In Eastern states where TDS levels in produced water are very high, such as the Marcellus and Utica shale gas plays in Pennsylvania and Ohio, a thermal process such as an HPD® evaporator or crystallizer is needed. Veolia’s CoLD® (crystallization at low temperature and deep vacuum) process utilizes thermal evaporation and crystallization technology, removing sodium and calcium chlorides as well as the heavy metals found in produced water. Offered as part of a Zero Liquid Waste (ZLW) solution that includes other proprietary technologies in a centralized treatment system approach, CoLD technology is highly efficient and economical for treating produced water containing high levels of TDS. In Canadian oil sands operations, thermal processes are required to manage the highly soluble brine and reduce system fouling. A typical treatment train would consist of de-oiling pretreatment and HPD® evaporation and crystallization technology to recover high volumes of water for reuse. Tailored solutions for every situation As the oilfield industry continues to transition to a more sustainable approach to usage of water resources, determining strategies for cost-effectively managing produced waters will be increasingly important. Whatever the situation with respect to constituents to be treated and the intended use after treatment, experience has shown that one size does not fit all. Determining the best technology requires the analysis of each variable and the expertise and support of a water technology provider working in close partnership with the customer to devise a sustainable solution. When that solution is combined with an operations contract, performance is guaranteed for the life of the contract, eliminating the risk and environmental liabilities that are typically associated with produced water management. A sustainable solution with guaranteed performance reaps benefits not only for the oilfield producer but also for the surrounding communities. Highlights Key benefits of ROSS™ Technology: • Reduce fresh water demand, disposal costs, truck traffic and emissions • Effectively remove scale formers (hardness, silica, iron, barium, strontium) • Effectively remove particulates (oil, solids, bacteria) • Create an absolute barrier to particulates, minimizing downstream carryover • Achieve high system recovery rates (>98%), minimizing liquid waste generated • Reduce costs with packaged, modular, shop fabricated technology • Reuse and recycle produced water from shale oil production
CoLD® Process Benefits • Achieves complete desalination of high TDS produced waters • Lowest OPEX as compared to conventional methods • Eliminates the need for calcium removal pretreatment, minimizing sludge production • Produces clean water and stable solids for disposal or reuse • Simple, robust process with high reliability and availability
NETWORKING EVENTS October 18 APA Monthly Speaker and Dinner Canonsburg, PA | www.appalachianpipeliners.org October 20 Three Rivers Desk and Derrick Club Industry Appreciation Dinner Canonsburg, PA | ledelstein@mwgary.com October 25 MSC Sportsman Challenge Spruce Creek, PA | www.marcelluscoalition.org November 10 YPE Veterans in Energy Celebration Canonsburg, PA | www.ypepittsburgh.org November 15 APA Monthly Speaker and Dinner Canonsburg, PA | www.appalachianpipeliners.org December 15 OOGA Annual Holiday Membership Reception Newark, OH | www.ooga.org December 16 KOGA Christmas Party Lexington, KY | www.kyoilgas.org FOR MORE EVENTS VISIT WWW.ONGMARKETPLACE.COM/EVENTS
Page 10
The Northeast ONG Marketplace than producers who have other assets like offshore or older production in their portfolio.” Looking at data from March 2016 to March 2017, the range of PDP declines for natural gas is wide, according to Coombs.
NUMEROUS FACTORS INVOLVED PICKING RECOVERY’S WINNERS By: Rick Stouffer, Editor, Kallanish Energy While oil and gas operators haven’t yet begun to hum “Happy Days Are Here Again,” there’s no denying the working-rig count is climbing and play activity is growing. With the increase, one key question is which companies are best positioned to grow with the inevitable recovery. Separating winners from losers While exploration and production potential can be assessed in numerous ways, consulting/analytics firm BTU Analytics keys on four metrics Senior Energy Analyst Erika Coombs says will separate winners from losers. Acreage quality, declines on existing production (proved, developed, producing, or PDP), scale of existing operations, and remaining drilling locations, are what counts, according to Coombs. “Producers with better acreage and lower breakeven costs already have a large advantage over those with higher cost acreage,” Coombs said in a recent blog. “However, it’s also important to understand the underlying declines of any producer’s current assets.” If a producer has steep declines in existing production, it needs to drill more wells to return to growth mode than a producer with shallower declines. In a market that rewards growth, the ability to quickly return to growth mode provides opportunities for larger returns, Coombs said. Looking at the Top 30 BTU has estimated the annual declines on existing production for the top 30 operators of oil and natural gas production across the U.S. “As producers battle to stem declines and switch to growth mode, having high PDP decline rates is like starting several steps back from the starting line in a 100-meter dash,” according to Coombs. “When every second counts, what seems like a small advantage or disadvantage has significant implications about who will win the race.” BTU estimated PDP decline by developing individual decline profiles for each operated well, then aggregating production from all of a company’s operated wells. Results expected “They (the results) are not too far off from what we would expect,” Coombs told Kallanish Energy. “Producers whose portfolios are heavily weighted towards shale plays they have been aggressively growing, are subject to higher declines
ExxonMobil’s one-year decline for operated natural gas is estimated at just 19% due to most of its gas production stemming from operating older, conventional gas fields. At the other end of the spectrum, independent Rice Energy, which has experienced rapid growth developing the Marcellus and Utica Shale plays, has a projected oneyear decline rate of 42% based on operated production. The oil side “On the oil side, Devon Energy’s existing operated oil production is expected to decline by 43% between March 2016 and March 2017, while currently producing assets operated by California Resources (spun-off from Occidental Petroleum in late 2014) would decline by just 12%,” Coombs said. Just utilizing the above data, Devon and Rice would need to drill a higher percentage of new wells to offset declining production than would ExxonMobil or California Resources. Size is important However, size of existing operations is also extremely important, Coombs cautioned. ExxonMobil reported a gross gas production base of 4.64 billion cubic feet per day (Bcf/d) in March 2016, “which means they have to stave off 888 MMcf/d (million cubic feet per day) of declines to remain flat,” according to Coombs. Rice would need to replace 347 MMcf/d of gas based on 824 MMcf/d of gross gas production in March 2016, and steeper first-year gas PDP declines of 42%. Looking at an acreage quality and inventory map of the Northeast indicates that, while Rice has drilled the fewest wells on its acreage in southwest Greene County, Pennsylvania, historical results indicate this may be the least economic acreage within Rice’s portfolio. “Looking at overall well economics across all operators, Washington and Belmont counties (in Pennsylvania and Ohio, respectively) are more economic … ,” Coombs wrote. Kallanish Energy is a daily subscription news service, offering detailed and insightful coverage on the North American, South American, and European Oil and Gas markets, focusing on Natural Gas, Unconventionals, and Crude Oil. Additionally, we have special weekly in-focus feature articles, where the editorial team take a deeper look into hot topics. A full access 2 week free trial is available at www.kallanishenergy.com.
October/November 2016
Page 11
UPCOMING EVENTS OCTOBER 16-21
JANUARY 24-26
SEG International Exposition and Annual Meeting
Marcellus-Utica Midstream
Dallas, TX | www.seg.org
Pittsburgh, PA | www.hartenergyconferences.com
25
24-26
Platts 9th Annual Appalachian Oil & Gas Conference
SPE Hydraulic Fracturing Technology Conference The Woodlands, TX | www.spe.org
Pittsburgh, PA | www.platts.com/appalachian
26 Produced Water Quality: Recycling and Reuse Denver, CO | www.produced-water-quality-recycling-reuse-rockies.com
31-1 NARO Appalachia Convention White Sulpher Springs, WV | www.naro-us.org
NOVEMBER 2 OOGA Technical Conference and Oilfield Expo Cambridge, OH | www.ooga.org
2-4 IADC Annual Meeting Scottsdale, AZ | www.iadc.org
7-8 Executive Oil Conference Midland, TX | www.hartenergyconferences.com
9-11 IPAA Annual Meeting Houston, TX | www.ipaa.org
Denotes National Event
Visit our website for links to these events
WWW.ONGMARKETPLACE.COM/EVENTS
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The Northeast ONG Marketplace
100 95 75
25 5 0