This year's Summer NAPE, held at the George R. Brown conference center in Houston in late August, was bigger than ever. For those who haven't had the opportunity to attend, this is the junior version of "Big NAPE," a major prospect show held in the beginning of the year. Summer NAPE featured an impressive variety of prospects, from gas shales (lots of Marcellus and Haynesville deals) to shallow oil ventures. I noticed a definite shift toward oil prospects, not a surprising trend given the continued strong prices of that commodity. Permian Basin oil plays were everywhere! Natural gas futures have weakened considerably of late, thanks to strong storage injections and swelling supplies from unconventional plays. A wildcard is the impact of hurricanes, and talk on the floor centered on the possible path and strength of Gustav. Still, most explorers consider the long-term outlook for natural gas prices to be high enough to continue aggressive development of a variety of shale and tight-gas plays. There weren't as many "Sold" signs posted during this NAPE meeting as I've seen in the past, but the mood was upbeat and exhibitors seemed happy with the booth traffic. --by Peggy Williams, Senior Exploration Editor, Oil and Gas Investor pwilliams@hartenergy.com
Recommended Reading
MVP Lithium Taps Evove to Commission DLE Plant in Canada
2024-11-15 - Midas Vantage Projects Lithium said the plant will be located in the Montney Formation in Canada and is considered a “promising new lithium resource.”
Gradiant’s alkaLi Says EC2 Tech Hits 97% Lithium Recovery
2024-11-12 - alkaLi, a spin-out of water treatment company Gradiant, said its EC2 technology is guaranteed to achieve over 95% lithium recovery for battery-grade conversion.
Exxon Mobil, LG Chem Ink Deal for Lithium Carbonate
2024-11-20 - As part of the nonbinding offtake agreement announced Nov. 20, Exxon will supply lithium from its planned project to LG Chem’s cathode plant in Clarksville, Tennessee.
Energy Transition in Motion (Week of Oct. 25, 2024)
2024-10-25 - Here is a look at some of this week’s renewable energy news, including a U.S. Geological Survey-led study pointing to massive estimated lithium reserves in the Arkansas Smackover.
SLB Capturi Completes First Industrial-Scale CCS Facility
2024-12-03 - SLB Capturi, a JV between SLB and Aker Carbon Capture, said it had reached a milestone with the world’s first industrial-scale carbon capture plant at a cement facility.