General Mtg: Resource Development, Market Dynamics and Potential Demand

Speaker: Dr. Gürcan Gülen, Senior Energy Economist, Univ. of Texas Bureau of Economic Geology
Speaker Dr. Gürcan Gülen, Senior Energy Economist, Univ. of Texas Bureau of Economic Geology
Dr. Gürcan Gülen has been a Senior Energy Economist, Center for Energy Economics (CEE), Bureau of Economic Geology (BEG), The University of Texas at Austin since June, 2005. His areas of expertise are the economics of oil and gas value chains, electricity sector restructuring, and energy policy and regulation. At ...

Dr. Gürcan Gülen has been a Senior Energy Economist, Center for Energy Economics (CEE), Bureau of Economic Geology (BEG), The University of Texas at Austin since June, 2005. His areas of expertise are the economics of oil and gas value chains, electricity sector restructuring, and energy policy and regulation.


At CEE, he is manager of the gas-power linkages research area, including integration of renewables, impact of energy regulations, and fluctuations in natural gas prices. He is also involved in the assessment of economic potential in four shale gas plays for a project funded by the Alfred P. Sloan Foundation and the evaluation of CO2-EOR value chain economics for the Gulf Coast Carbon Center. He has also completed several major projects: Co-PI of the 5-year, $3.5-million U.S. Agency for International Development (USAID) cooperative agreement on energy sector development, with a focus on West Africa; PI for CEE's subcontract with PA Consulting on USAID South Asia Energy Research Initiative-Energy; PI for the partnership with Centro de Estudas e Investigação Cientifica at the Universidade Católica de Angola.


From 2002 – 2005, he was a Researcher, Institute for Energy Law and Enterprise, University Law Center. He was a Researcher at the Energy Institute, Bauer College of Business, University of Houston from 1997 – 2002. During 2000, he was a scholar in Residence, Duke Energy International, Houston.


He is active in several industry energy economic groups, has written numerous technical articles, and has written or co-authored several books and pamphlets.


He has B.A. in Economics from the Bosphorus University, Istanbul, Turkey in 1990 and a Ph.D. in Economics from Boston College, Boston, MA in 1996.

Full Description

 ABSTRACT

In this presentation, Dr. Gülen will discuss United States shale gas resource assessments, natural gas market dynamics, and potential developments in major demand sectors with attendant oil and gas price scenarios.

Over the last decade, shale gas and oil production in the United States has increased significantly. This has potential global implications if, for example, the United States becomes a significant exporter of LNG.  

However, the understanding of shale gas resource potential and deliverability is still evolving.  In the short to mid-term, the problem is the low price of natural gas.  The industry has been very successful in increasing natural gas production, but unfortunately supplied too much, too quickly. 

Switching to liquids-rich locations helped those companies who had access to such “wet” acreage. Going forward, the demand for both natural gas and ethane are expected to grow as investments are already under way in petrochemical and other industrial facilities, power plants, LNG and pipeline exports, and even in the transportation sector, where truck fleets are switching to natural gas from diesel.  

 

  

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Organizer Barry Faulkner

Email: barryfaulkner@earthlink.net
Phone: (281) 627-8790 

When?

Thu, Nov. 13, 2014
11:30 a.m. - 1 p.m. America/Chicago

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Where?

PETROLEUM CLUB, 43rd floor, EXXONMOBIL Building
800 BELL STREET
Houston, Texas 77002
United States

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