December 3, 2009

Keynote speaker Dave Pursell, a financial analyst at Tudor, Pickering, Holt & Co. Securities, Inc., predicted prices will recover and stabilize next year as a result of a cutback in the number of U.S. rigs and subsequent lower production. But due to the Marcellus’ prime location close to East-coast markets, Pursell said the play is “well positioned for a long-time to come.”

“[Marcellus] is one of the better plays in the country,” he commented. “It will be one of the few places in the U.S. that will see expansion in production.”

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