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  1. 2016 Outlook

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- [Voiceover] Hello, this is Susan Smith Nash and I'm talking to you today about U.S. Shale Plays and about evaluating opportunities and optimizing your own operations. So let's basically talk about U.S. Uncoventionals Outlook. The sources for the oil and gas financials2015. Now I want to say that basically, at the time that I gave this talk, things were much worse so even though this is bleak, they were looking worse at 36 dollar a barrel oil. But accoring to the Oil and Gas Financial Journal there will be still some Shale play growth in 2016, mainly in the Permian Delaware Basin, in the Delaware Basin in the Permian, and that will be primarily done by EOG, Devon and Concho and also there will be some growth in Utica due to delayed completions and also there will be Woodford growth in Oklahoma due to primarily Continental Resources in this SCOOP play, even though new field and marathon are growing. Shale plays are expected to decrease by 10% in others. We see that year to year growth there are some areas that will have some growth, but in terms of drilling and completions, basically, almost everything's negative, which is a little discouraging. But that's the way it is in a volatile market.