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
As Crude Rises Highest In Over A Year, US Drillers Add Rigs U.S. energy companies extended their recovery in oil drilling into a seventh month during the week of Nov. 28 as they follow through on plans to add rigs as crude rose to its highest price in over a year. Drillers added three oil rigs in the week to Dec. 2, bringing the total count up to 477, the most since January, but still below the 545 rigs seen a year ago, energy services firm Baker Hughes Inc said on Dec. 2.Since crude prices recovered from 13-year lows to around $50 per barrel (bbl) in May, drillers have added a total of 161 oil rigs in 24 of the past 27 weeks, its biggest recovery since a global oil glut crushed the market over two years.
Workers In Vaca Muerta Will Strike Over YPF Layoffs About 23,000 Argentine oil and gas workers will go on a 48-hour strike beginning on Dec. 5 to protest state-owned oil company YPF SA's decision to lay off at least 1,600 workers, a union leader said on Dec. 2.The strike involves workers in southern Argentina's Vaca Muerta Shale, one of the largest unconventional reserves in the world and a region that has attracted investment from Chevron Corp. (NYSE: CVX) and Exxon Mobil Corp. (NYSE: XOM), but that remains largely unexplored.YPF's layoffs will mainly affect workers who have remained on the payroll although their units have been inactive for the bulk of the year, a company source said on Dec. 1.