What are the Big Players Saying about our Shale?

Developing Unconventional Gas Conference
April 7, 2009, Fort Worth, TX
By: Austin Eudaly

Andy Hopwood, Vice President of BP America Inc., stood on stage in front of over 500 Oil and Gas Professionals early this morning at the Omni Hotel in downtown Fort Worth. With a hint of sarcasm he stated, “Well, if you were here at the 2008 DUG conference last April…..you know nothing much has changed in the oil and gas industry over the past year.” The crowd had a good laugh at this understatement to commence the 2009 Developing Unconventional Gas (DUG) Conference.

In a year that has seen oil and gas prices soar to record highs and dive to near devastating lows, it has left both petroleum industry experts and mineral owners alike scratching their heads in disbelief. I was fortunate enough to attend the DUG conference today in hopes of getting a firsthand account of what is currently happening (and not happening) in the unconventional gas plays across North America. Keith, aka Haynesville, has asked me to give a detailed report on some of the highlights and current attitudes that were prevalent among attendees at today’s conference. Hopefully, I can provide a clear picture of what is currently happening in the oil and gas industry for all you members on Go Haynesville Shale.com.

Seeing it is now half past midnight here in Dallas, unfortunately I’ll have to be brief, as I have another full day of seminars beginning at 8 am tomorrow. I plan on providing a full run down on all the key speakers and topics covered in the conference in the next day or two though. Please stay tuned.

A few quick highlights from today’s talks:

1. Today’s major cost hurdles of unconventional gas plays
2. The main cause(s) of the fall of natural gas prices
3. What has to happen for the natural gas industry to get back to being “healthy”
4. How technology is opening up production across the board
5. The current U.S. gas glut: The #1 way to stop it
6. Tom Gardner’s 2009 message to the E&P Industry: “Stay alive until 2010”
7. Who is king? Marcellus, Haynesville or the Barnett Shale.
8. Haynesville Shale gas well life expectancies
9. BP’s Haynesville position: where, when, how?
10. Obama’s proposed tax increases on the Energy Industry: A bad idea….unless your goal is to increase imports from our enemies in the Middle East


Best,


Austin Eudaly
Dallas, Texas
austin.eudaly@gmail.com


P.S. Also, if you have a question that you would like me to ask any of the panelists tomorrow, please feel free to send me a text/ email at the contact information given above. I will do my best to get it answered for you.

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Comment by sesport on April 8, 2009 at 12:14
TD - I know. how did we get here? LOL Oh well ... stranger things have happened in the last few days. Thanks - :0)
Comment by Two Dogs, Pirate on April 8, 2009 at 12:08
Sesport, there must be two treads running under this heading. If you click on the one on the front page above Austin's picture you don't get this thread.
Comment by sesport on April 8, 2009 at 11:53
My personal preference - Rhodesian ridgebacks, used by Dutch to hunt lions. Make excellent farm dogs.

Now, Austin ... what companies do you see setting up shop at that convention?
Comment by Two Dogs, Pirate on April 8, 2009 at 10:47
The only dogs that I know of that they hunt hogs with in Louisiana are Catahoula curs, it's our state dog. They are way smarter than the bull dogs but they also have bull dog blood in them. I am in central Louisiana and there are a lot of the wild hogs around here I would think North Louisiana would be the same way. They catch the hogs and keep them alive, boars will be casterated first, they pen them up and feed them corn for a month or two before they kill them.
Comment by Ahmed Amin on April 8, 2009 at 10:28
Are American Bulldogs needed to hunt with the Catahoula as well as with The Pit? Hunting wild boars requires more than one breed, correct? Do they hunt them much in North La.?
Comment by Two Dogs, Pirate on April 8, 2009 at 10:11
AA, can't say anything about poodles other than the little ones I encounter in peoples homes. They are one of the main reasons I wear 13 inch Justin and Nacona boots. I do have several friends that hunt wild boars with the Catahoula.
Comment by Ahmed Amin on April 8, 2009 at 10:04
Did the Standard Poodle fight in the Prussian Army? I heard that the breed hunted bear in the Central European forests.
Comment by Two Dogs, Pirate on April 8, 2009 at 9:36
The front line of Alexander's army were Mastiffs one of the ancestors of the Catahoula Cur.
Comment by Ahmed Amin on April 8, 2009 at 9:30
Pets are pets. Pets and pests can be dealt with. Perhaps your armed sevices should offer bonuses and education inducements to your currs.
Comment by Two Dogs, Pirate on April 8, 2009 at 9:24
AA, BEWARE OF DOG, is no small reality if you are the one facing the 90 pound glass eyed Catahoula Cur dog.

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