Companies throughout the Permian gather in Fort Worth
to explore cost-saving solutions
In search of efficiency-focused strategies and technologies, over 1,500 industry professionals packed the 2016 DUG Permian Basin conference and exhibition in Fort Worth, TX, May 23-25. Conference attendees heard from over 35 executive-level speakers in the event's pre-conference Midstream Program, main Upstream Conference and all-new Technology Showcase. And over 150 exhibitors gave hands-on demonstrations of solutions helping producers cut costs and maximize output.
The Upstream Conference's speaker lineup featured leaders from the Permian's most active producers, including Pioneer Natural Resources, Approach Resources, Three Rivers Operating Co., Elk Meadows Resources, WPX Energy and more. Presenters gave updates on their drilling programs and discussed efforts improve breakeven costs by cutting costs.
The pre-conference Midstream Program was led by executives from the Navitas Midstream Partners, EnLink Midstream, Joule Processing, Fluor USA, PetroCloud, among others. Sessions explored current midstream projects and plans to continue building infrastructure to support long-term upstream activity in the region.
The event's new Technology Showcase brought the latest solutions to the exhibit floor with case studies and live demonstrations from leading companies like Packers Plus Energy Services, Baker Hughes and Schlumberger.
Be sure to mark your calendars for the 2016 Executive Oil Conference, November 7-8 in Midland and DUG Permian Basin 2017, which will return April 3-5 to Fort Worth.
J. Ross Craft
Founder, Chairman, President and CEO Approach Resources
Chairman Petrie Partners
President Three Rivers Operating Co. LLC
President Matador Resources
Senior Vice President - Permian Basin EnLink Midstream
Founder, President and CEO Silver Hill Energy Partners
Chairman of the Board Energy Security Council
Oklahoma Plays ‘Transformative’ For Marathon The unconventional Midcontinent plays of Oklahoma offer an excellent combination of attractive geology, strong regulatory and community support, and good infrastructure, according to the executive who manages one of the Sooner State’s biggest oil and gas producers.Wade Hutchings, regional vice president of Midcontinent assets for Marathon Oil Corp. (NYSE: MRO), told attendees at Hart Energy’s fourth annual DUG Midcontinent conference that the state “is a top priority for Marathon” and added the firm is increasing its Oklahoma-focused capex due to continuing success in the Stack and Scoop plays.“This is an exciting and transformative time for Marathon in Oklahoma,” Hutchings said in his Oct. 27 opening keynote address. He noted Marathon has been drilling and producing wells in Oklahoma for more than a century “and we expect to be here for a long time to come.”
Amec Foster Wheeler Will Sell Assets For 100 Million British Pounds Oilfield services firm Amec Foster Wheeler Plc said it agreed to dispose of three assets held for sale for 100 million British pounds (US$122.17 million) as it aims to reduce debt.The company said it planned to cut annual costs by 100 million pounds with a reduction in overhead expenses.