Record Crowd, Leading Speakers, Latest Information Drive 3rd DUG Eagle Ford Conference

 Record Crowd, Leading Speakers, Latest Information Drive 3rd DUG Eagle Ford

PR Newswire

HOUSTON, Oct. 23, 2012

HOUSTON, Oct. 23, 2012 /PRNewswire/ --With more than 4,000 oil and gas
industry professionals, investors, and service company personnel registered,
Hart Energy's 3rd annual DUG Eagle Ford conference and exhibition last week in
San Antonio remains the largest unconventional resources event in the world.

The crowd gathered October 14-16 at the Henry B. Gonzalez Convention Center in
San Antonio for the latest in Hart Energy's successful DUG™ conference series.
This year, the conference provided a two-track program covering both upstream
and midstream topics — both to standing-room audiences.

"DUG Eagle Ford would not be where it is today without the support of our
speakers, sponsors, and exhibitors," said Richard A. Eichler, CEO of Hart
Energy. "We proudly host top-tier industry leaders who speak about their
companies' efforts in the Eagle Ford, as well as the finance and service
company workforce who help them reach their goals."

As this liquids-rich shale play moves beyond exploratory drilling into
full-fledged field development activity, nearly three dozen executives from
the petroleum industry and financial community detailed why the Eagle Ford
region is seeing such impressive growth. (From virtually nothing four years
ago, the Eagle Ford today is producing 200,000 barrels per day of crude oil,
and production is expected to double again in 2013.)

"The Eagle Ford Shale has emerged as the most significant opportunity for
unconventionals in North America and perhaps the world," said David E. Roberts
Jr., Marathon Oil executive vice president and chief operating officer.

Mark Sooby, managing director of energy investment banking of Bank of America
Merrill Lynch, said the Eagle Ford is more profitable than many other plays
because of its proximity to refineries.

"This is just an amazing oil story in the middle of what started as a gas
play," said Sooby.

Speaker after speaker addressed the industry's challenges in managing this
remarkable growth, including strategies for improving community relations.
Several producers detailed their support for infrastructure projects and
public services which help South Texas communities handle the influx of
personnel, equipment, and material required to sustain Eagle Ford development.
These themes were echoed by Texas Railroad Commissioner David Porter, who
opened the second day of the conference.

As a special feature, the closing remarks were delivered by former Speaker of
the House and Republican presidential candidate Newt Gingrich. He addressed
how energy industry personnel should be engaged in the electoral process to
ensure responsible energy policies and resource development. Gingrich was
joined on the dais by Scott Noble, founder of Noble Royalties, who presented
details of a recent study of leasing activity on and royalty streams from
federal lands. Noble commissioned the study, conducted by Netherland, Sewell &
Associates, to assess how restoring federal leasing activity to historic
levels would work to address the federal government's budget deficit.

For 30-plus years, Hart Energy has been a leader covering energy news and
technology for investors and executives. The Houston-based company produces
industry magazines, online information services, and newsletters, and provides
energy research and fuels consulting services. Hart Energy's unconventional
resource events are the largest in the world. Visit for more

Contact: Susan D. Emfinger
         tel +1.713.260.1069

SOURCE Hart Energy

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