The Energy Summit is guided by the tireless input of COGA member volunteers who lend their expertise to the planning process – prioritizing content and ensuring the best possible learning experience for our attendees. Now in his second year as steering committee chair, John Harpole, founder of Mercator Energy, shares a few thoughts about what to expect at this year’s event.
With the failure of OPEC+ members to make a substantial cut to crude oil production, the forecast for crude oil prices remains grim as demand dries up across the world. The crude oil and natural gas markets in North America are now faced with a series of unique and difficult challenges not seen in decades, if ever. At the same time as crude oil and associated gas production is falling victim to a reduction in the price of crude oil, the spread of COVID-19 has disrupted both domestic and export demand of natural gas in North America and across the globe. This session will provide a forecast of how long low price pain will endure, characteristics of operators who are most likely to survive and testimonial from individual operators who are navigating the choppy waters ahead.