There was plenty of talk about potential and regulations at this year’s event. Keynote speaker Robert Phillips touted the tremendous potential of the region but cautioned long term growth may only go as far as the intense regulatory environment in the northeast US will let it, saying, in short, we need infrastructure.
Meanwhile, EQTs Jerry Ashcroft revealed that the Mountain Valley Pipeline is nearly set to go tell the audience the company expects it to be up and running by December.
ExxonMobil plans to increase its shale oil production in the Permian Basin five fold, the company said this week. It expects to produce five hundred thousand barrels per day by twenty twenty five.
And finally, we here at Hart Energy would like to extend our condolences to the family and friends of oil and gas veteran Ted Collins, who passed away unexpectedly. Collins was a director of several large energy companies and was recently honored at the Executive Oil Conference for his lifetime achievements in the industry. He was 79.