While 2020’s natural gas prices cut about 1% of U.S. natural gas production, the Marcellus and Utica shale states of Ohio, West Virginia and Pennsylvania produced 33.6 billion cubic feet per day (Bcf/d) in 2020, a 5% increase year-over-year.

Though Texas produced the most natural gas in 2020 among all of the states, volumes still decreased to 28.1 Bcf/d in 2020 from 28.4 Bcf/d the previous year, according to the U.S. Energy Information Administration.

Many Appalachian operators say they are poised to generate hefty free cash flow even in a tough market, thanks to advantages created by their early adoption of sustainability goals like reduced methane emissions. The Marcellus Shale also suits the oil and gas industry’s transition to Shale 3.0, a still nebulous phase in which E&Ps will attempt to deliver consistent shareholder returns via cash flow generation while balancing capex and environmental stewardship.

Fired Up for the Future

As we head toward winter with record high natural gas prices, strong demand and unplanned outages have tightened markets. The International Energy Agency has deemed such tensions a reminder that supply security remains a major concern only a year after a record drop in demand left markets glutted.

But what does all this mean for the natural gas market?

Set for Dec. 6-8 in Pittsburgh, Hart Energy's DUG East & Marcellus-Utica Midstream Conference & Exhibition program will address everything from soaring commodity prices, mid-term elections’ likely effects, hydrogen, LNG exports and more.

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EQT’s Mac Pad in the hills of southwestern Pennsylvania's Greene County.

The impressive speaker roster for this year’s event includes newsworthy companies and headline-making executives like:

EQT Corporation
CNX Resources
Rystad Energy
Diversified Energy
Antero Resources
BKV Corporation
To view the agenda and register, visit DUGEast.com.