Spears and Associates forecast of drilling activity in US shale gas plays points strongly to a decline in drilling in the second half of 2010 due to low gas prices and high drilling/completion costs.
Harder to measure are the hedged gas price positions held by many E&P companies and the impossible-to-quantify drive to hold expensively acquired acreage. These two factors are sustaining high levels of gas well drilling today. Spears will talk about the firm’s drilling forecast, including its basin-by-basin drilling/completion cost index, plus the firm’s census of frac horsepower additions that promise to overwhelm the market with frac spreads in 2011.
Due to the nature of this topic and our speaker --- We have very limited space for walk-in's --- Pre-Registration is strongly encouraged