The 2016 Babst Calland Report Has Been Released
Babst Calland today released its sixth annual energy industry report called, “The 2016 Babst Calland Report – An Unprecedented Time for the Oil & Gas Industry: Price Down, Supply Up, Reform Ahead; Legal and Regulatory Perspective for Producers and Midstream Operators.” This annual review of energy and natural resources development activity acknowledges the continuing evolution of this industry in the face of economic, regulatory, legal and local government challenges. To request a copy of the Report, contact info@babstcalland.com.
In this Report, Babst Calland attorneys provide insights on shale development in the Appalachian Basin and beyond with a focus on issues, challenges, opportunities and recent developments relevant to producers and operators. In general, the shale industry is challenged more than ever to operate smarter through efficiencies, improvements in technology and prudent business strategies in order to protect margins and profitability. With production of natural gas in the United States reaching record highs at the beginning of this year, and with the price of gas generally at a five-year low, natural gas producers, particularly in the Appalachian Basin, face significant challenges.
The Report also highlights key business opportunities emerging, including the long-awaited announcement by Shell Chemical on June 7, 2016 that it will construct an ethane cracker plant near Monaca, Pennsylvania, a positive development for the U.S. chemical industry and for downstream business opportunities resulting from shale