Delivering the opening speech at the Hart Energy Marcellus-Utica Midstream Conference, being held Wednesday and Thursday at the David L. Lawrence Convention Center downtown, Davis said the price environment will undoubtedly cause contraction in exploration and production activity.
In fact, his company expects a 50 percent nationwide decline in shale drilling, he said.
But as the reduction occurs, activity will concentrate in the core of the core of the best plays.
"The good news is, when we look at the Marcellus-Utica, we believe it is the best of the best," he said.
He said in terms of economic return and price resiliency, parts of the Marcellus and Utica shales hold 10 of the 19 top spots on the oil and gas side.Read the rest of the article here.
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