Mastering Margins, Tapping Resources, Overcoming Challenges In Appalachia
Executives from Marcellus and Utica producers PennEnergy Resources and Equinor ASA deciphered the secret sauce for success in Appalachia at Hart Energy’s DUG East conference and exhibition.
Drilling operations are shown in the Marcellus shale play in rural northern Pennsylvania. (Source: George Sheldon/Shutterstock.com)
PITTSBURGH—If you wanted to quickly summarize the state of the Appalachian region’s natural gas industry listen to what CNX Resources’ COO Tim Dugan and Huntley & Huntley Energy Exploration CEO Chris Doyle had to say at Hart Energy’s DUG East conference and exhibition last week. Every penny counts, they told the audience of more than 1,400 industry professionals.
Producers in the Marcellus and Utica can efficiently drill and complete wells in the core of the region, but the differentiators are takeaway capacity, hedging programs, processing fees and market options, they said.
Len Vermillion is Hart Energy's editorial director. Based in Houston, Texas, he manages an editorial department consisting of HartEnergy.com, Oil and Gas Investor, E&P and Midstream Business, as well as nine digital newsletters and several special projects.