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 Ahmed Amin on April 8, 2009 at 9:19
Reality is needed and it is good to come across it. Thank you Pat. North Louisiana will pay a huge price. You have pointed to the current "small" reality. A larger one looms.
Comment by Pat Jack on April 8, 2009 at 9:03
Social Networks on ning once again prove incredibly valuable!

Nice report, good to have somebody on the inside.

Entergy is outside our front door at this very moment preparing to cut the sidewalk in half so they can horizontal drill to lay new gas lines down the street. We of course have gas lines that function fine.

So Entergy can install new meters that can be read and report data via wireless connections from the street, or with a wand waved over the meter.

Our first contact with them on this issue was startling one of their workers who had opened our front gate, 7 foot iron gate with spikes, and was wandering around in the back yard! Luckily our dog was inside and he was the one that alerted us to the intruder in the back yard. We even have a sign on the gate that says BEWARE OF DOG!

But this guy no speak english too good.

They'll now dig a huge furrow in the middle of the front yard of course, and all our hard work landscaping will of course go underneath the blades of their machines and for what? So they can make more money? So they can charge us higher prices, to pay for their new money making technology?

3 days of house shaking, concrete busting and heavy trucks to look forward to.

And every single one of the workers on the crew, including the supervisor are obviously green card labor.
Comment by TCB DS3 on April 8, 2009 at 5:38
Thank you and the site for going and reporting to the rest of us. This is the kind of information we, landowners, would have a difficult time obtaining.
Comment by Rozzy on April 8, 2009 at 5:34
Thank you for this information. It is much appreciated. :)
Comment by Keith Mauck (Site Publisher) on April 8, 2009 at 5:31
Thanks Austin for your help.

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