Gas, oil deals to flourish at Pittsburgh expo - Beckley, Bluefield & Lewisburg News, Weather, Sports

Gas, oil deals to flourish at Pittsburgh expo

Posted: Updated:
  • Local NewsLocal NewsMore>>

  • Organizers prepare for the 24th annual Chili Night in Uptown Beckley

    Organizers prepare for the 24th annual Chili Night in Uptown Beckley

    Tuesday, September 2 2014 7:34 PM EDT2014-09-02 23:34:46 GMT
    The 24th annual Chili Night in Uptown Beckley is quickly approaching. It's a time for local eateries to cook up their best batch of the hearty meal. The competition involves more than 40 participants, three stages of entertainment, vendors, ride and slide activities for kids and more.
    The 24th annual Chili Night in Uptown Beckley is quickly approaching. It's a time for local eateries to cook up their best batch of the hearty meal. The competition involves more than 40 participants, three stages of entertainment, vendors, ride and slide activities for kids and more.
  • Is the iCloud secure? After a celebrity leak, What You can do to Make sure your Information is Safe

    Is the iCloud secure? After a celebrity leak, What You can do to Make sure your Information is Safe

    Tuesday, September 2 2014 7:33 PM EDT2014-09-02 23:33:47 GMT
    We wanted to know just what you can do to make sure your information isn't leaked. Although there's many benefits to "cloud" services, authorities now caution against keeping your private information online.
    We wanted to know just what you can do to make sure your information isn't leaked. Although there's many benefits to "cloud" services, authorities now caution against keeping your private information online.
  • Soon all police will be wearing body cameras

    Soon all police will be wearing body cameras

    Tuesday, September 2 2014 6:37 PM EDT2014-09-02 22:37:42 GMT
    A nationwide debate is taking place after an unarmed black teenager was shot and killed by a white police officer in Ferguson, Missouri .Ferguson cops were given body cameras by two companies after allegations have been made against protesters, who are outraged by the shooting.Soon police around the country could be wearing body cameras.
    A nationwide debate is taking place after an unarmed black teenager was shot and killed by a white police officer in Ferguson, Missouri .Ferguson cops were given body cameras by two companies after allegations have been made against protesters, who are outraged by the shooting.Soon police around the country could be wearing body cameras.
  • EnergyEnergyMore>>

  • UPDATE: WV leaders applaud possible energy company expansion

    UPDATE: WV leaders applaud possible energy company expansion

    Tuesday, September 2 2014 11:05 AM EDT2014-09-02 15:05:44 GMT
    House Speaker Tim Miley, D-Harrison, said the announcement of four major energy companies partnering to build a proposed natural gas Atlantic Coast Pipeline is another step toward expanding West Virginia's economy.
    House Speaker Tim Miley, D-Harrison, said the announcement of four major energy companies partnering to build a proposed natural gas Atlantic Coast Pipeline is another step toward expanding West Virginia's economy.
  • WV Wilderness group fights against gas companies over pipeline in Pocahontas County

    WV Wilderness group fights against gas companies over pipeline in Pocahontas County

    Tuesday, September 2 2014 10:40 AM EDT2014-09-02 14:40:53 GMT
    The West Virginia Wilderness group has been fighting three gas companies for months, who want to put a pipeline in Pocahontas County .Lauren Ragland is the founder of West Virginia Wilderness and said the pipeline does not belong in Pocahontas County.
    The West Virginia Wilderness group has been fighting three gas companies for months, who want to put a pipeline in Pocahontas County .Lauren Ragland is the founder of West Virginia Wilderness and said the pipeline does not belong in Pocahontas County.
  • Dominion, Duke to build $5B natural gas pipeline

    Dominion, Duke to build $5B natural gas pipeline

    Tuesday, September 2 2014 9:20 AM EDT2014-09-02 13:20:59 GMT
    Dominion Resources, Duke Energy and other partners have proposed building a $5 billion natural gas pipeline to connect the Southeast with the prodigious supplies of natural gas being produced in Pennsylvania, Ohio and West Virginia.
    Dominion Resources, Duke Energy and other partners have proposed building a $5 billion natural gas pipeline to connect the Southeast with the prodigious supplies of natural gas being produced in Pennsylvania, Ohio and West Virginia.

Members of the gas and oil industry looking to do business will soon have the opportunity at an event described as a mash-up of a farmer's market and the stock exchange.

The North American Prospect Expo, or NAPE, has been hosted for the past 20 years in Houston. With current developments in new gas plays thriving in the Marcellus and Utica shale, organizers are duplicating the affair in Pittsburgh.

NAPE comes to Pittsburgh on April 10-12 at the David L. Lawrence Convention Center.  Marty Schardt, general partner with NAPE and executive vice president of the American Association of Professional Landmen (AAPL) said deals are made all the time in the industry, but the event allows companies to quickly secure multiple opportunities.

"It's a prospect expo where upstream oil and gas companies get on a convention floor and display projects they are looking to sell or looking for investors and there's others looking to invest and looking for projects to get involved in," Schardt said. "It's an opportunity for the upstream oil and gas business community to get together."

Financiers and law firms servicing the industry will also be on hand helping out with trades and deals. NAPE has expanded its offerings and is hoping for strong results in its first Northeastern conference.

"We were looking at the demographics of the people who come to Houston and realized that while we get folks from various parts of the country, we weren't really servicing some parts of the country as well as we could," Schardt said. "… We're bringing it to Pittsburgh and really hoping to attract the area around Pittsburgh in the old conventional or in the Marcellus or Utica plays."

Schardt said they hope to attract oil and gas business from Maryland, Virginia, West Virginia, Pennsylvania, eastern Ohio, New York and even southern Ontario.

"That's where most of the plays are going on right now, so that's our drawing area for this regional event," he said.

While there is a more traditional conference featuring informative sessions on the first day, the expo gets right to business the next day.

"The purpose of the business conference is more informational," Schardt said, saying that it was more of an update on federal legislation instead of a training or educational event.

Booths will be set up around the center and oil and gas men can make business deals immediately on the spot.

"It's a major, major networking event," he said. "… Many business transactions are accomplished through an introduction on the floor. … Even companies are bought and sold through an introduction made on the floor."

Schardt said one attendee even told him that one NAPE conference can replace 20 business trips.

"He can see everyone he wants and needs to see right on the floor of the show," Schardt said.

The event will feature prospect and property organization, capital services and vendors and other providers of services to the industry. Since it is a first year event, organizers aren't sure how many will participate, though one estimate was 2,500 attendees and there are more than 550 booth spaces available.

"Whether you are a player in the region, or you're looking to become a player in the region, this is a good opportunity to see what's going on," Schardt said. "… This is a chance to meet potential partners, meet your competitors, meet friends and make new acquaintances and to establish new business relationships."

More than 17,000 people attended a recent winter NAPE in Houston. A summer event about one-third of the size is also held in Houston.

More information on the expo can be found at their website: http://www.napeexpo.com/nape-shows/regional-nape-east.