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Can't miss: Unconventional Resources Technology Conference

Lindsey Ferrell
Jun 7, 2023, 9:38 am
Onshore upstream meets greener pastures in the city where the earth meets the sky at URTeC 2023 in Denver. Photo via Shuttersock.

June 13-15 | Unconvetional Resources Technology Conference (URTeC)

Take a trip to higher ground and cooler temperatures next week at URTeC 2023 in Denver, Colorado. This technically focused event, hosted annually by the Society of Petroleum Engineers, American Association of Petroleum Geologists, and Society of Exploration Geophysicists, features the best and brightest minds in onshore oil and gas sharing novel applications of science and technology in pursuit of a more sustainable upstream energy base.

The event kicks off with almost two hours of discussion amongst industry leaders like Clay Gaspar, executive vice president and COO of Devon Energy, Amy Henry, CEO of Eunike Ventures, Robert E. Fast, CTO of Hess Corporation, and Neil McMahon, managing partner of Kimmeridge. The plenary panel will address the role of unconventionals in a lower carbon energy world, from tackling emissions to making advances in CCUS.

Chevron puts safety in the spotlight with a two-part session devoted to cleaner, more efficient engineering methodologies deployed to support corporate objectives while safely delivering higher returns and lower carbon. Hear from Vice President of the Rockies business unit, Kim McHugh, Johannes Alvarez, EOR and CO2 advisor for the Mid-Continent business unit, Vanessa Ryan, methane reduction manager of strategy and sustainability, and more leaders across Chevron building a new future for upstream energy.

Before the event wraps, be sure to catch an engaging discussion late Thursday morning with Christine Ehlig-Economides, professor and Hugh Roy & Lillie Cranz Cullen Distinguished University Chair at the University of Houston, on decarbonizing tight oil and shale gas, re-use opportunities for wastewater, and repurposed operations through closed-loop geothermal.

Registration currently remains open, with one- and three-day event options, as well as an exhibit hall-only option. The event usually draws over 3,000 attendees, so don’t wait to sign up.

For a complete list of upcoming energy events, visit the Events tab right here on EnergyCapitalHTX.com.

Amy HenryClay GasparJohannes AlvarezKim McHughNeil McMahonRobert E. FastVanessa Ryanaapgamerican association of petroleum geologistssegsociety of exploration geophysicistssociety of petroleum engineersspeurtecChristine Ehlig-Economideschevrondevoneunike ventureshess corporationkimmeridgeUniversity of Houstonccusco2wastewatergeothermalevents

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Houston organization proposes Gulf Coast index for hydrogen market

The Clean Hydrogen Buyers Alliance plans to create the Gulf Coast Hydrogen Index to bring to bring transparency and confidence to hydrogen pricing. Photo via Getty Images

The Clean Hydrogen Buyers Alliance has proposed an index aimed at bringing transparency to pricing in the emerging hydrogen market.

The Houston-based alliance said the Gulf Coast Hydrogen Index, based on real-time data, would provide more clarity to pricing in the global market for hydrogen. The benchmarking effort is being designed to benefit clean hydrogen buyers, sellers and investors. The index would help position the U.S. “as the trading anchor for hydrogen’s next chapter as a globally traded commodity,” the alliance said.

According to ResearchAndMarkets.com, the global market for clean hydrogen was valued at $200 billion in 2024 and is projected to reach $700 billion by 2040.

John Flory, president of the alliance, said the lack of a pricing index has relegated hydrogen to niche-market status.

“Capital is waiting. Buyers are ready. But until now, there’s been no credible, transparent pricing signal to guide clean hydrogen investing or contracting,” Edward Morse, co-chairman of the Clean Hydrogen Transaction Advisory Committee, said in a news release.

The index would treat the Gulf Coast as the primary delivery hub for pipeline-grade hydrogen in three categories: basic, low-carbon and ultra-low-carbon. It would be similar to the Henry Hub index for pricing of natural gas.

Roger Ballentine, co-chairman of the clean energy advisory committee, said the hydrogen index would build confidence in this energy source among government agencies, companies and investors. A Henry Hub-style benchmark for hydrogen “provides clarity, reduces risk, and lays the foundation for clean energy to become a globally traded commodity critical to decarbonization,” he said.

The Gulf Coast, with Texas as the focal point, is key to the evolution of the U.S. clean hydrogen economy, according to the Fuel Cell and Hydrogen Energy Association.

At the core of the Gulf Coast’s role is the U.S. Department of Energy's selection of the Gulf Coast as one of the country’s seven regional hubs for clean hydrogen. However, the DOE has proposed cutting funding for the HyVelocity Gulf Coast Hydrogen Hub, a $1.2 billion development in Texas and Louisiana by AES, Air Liquide, Chevron, ExxonMobil, MHI Hydrogen Infrastructure and Ørsted, according to a new list of proposed DOE funding cancellations.

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clean hydrogen buyers alliancehydrogen marketjohn floryroger ballentinehenry hubfuel cell and hydrogen energy associationdepartment of energydoehyvelocity gulf coast hydrogen hubgulf coast hydrogen index

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