DUG Permian Basin
May 19-21, 2015
Fort Worth, Texas
Fort Worth Convention Center
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Kayne Anderson Energy FundsSuperior Energy ServicesDragon ProductsStratas AdvisorsStrike Energy USATenarisNetherland, Sewell & Associates (NSAI)Magnum Oil ToolsBaker Hughes - PlatinumFTS International
Joule ProcessingPel-StatePFP IndustriesCroft Production SystemsSTW ResourcesTwilight ServicesCDM Resource Management LLCNavigator Energy ServicesThru Tubing SolutionsTorcsill Foundations LLC TervitaBCCK EngineeringSentry TechnologiesAereon (formerly Jordan Technologies)GEStallion Oilfield ServicesBaker HughesAggrekoUnion LeasingTryton Tool ServicesTIW CorporationSaudi AramcoFreemyer Industrial Pressure LPAgar Corp.Murchison DrillingKeane GroupD&L Oil ToolsTomahawk RentalsKLX Energy ServicesSuperior Drilling ProductsEnergy SpectrumEnLink MidstreamPackers PlusDuPontSchlumbergerTimekeepers SecurityExterranTracerco
Operator Sponsors
EnLink Midstream
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Midstream BusinessUnconventional Oil & Gas CenterOil and Gas InvestorE&P

Upstream and Midstream - DUG Permian Basin Covers It All

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Midstream Program
May 19
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Upstream Program
Upstream Program
May 19-21
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Watch the video to learn more about
DUG Permian Basin.


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Plays covered: Wolfcamp, Bone Spring, Spraberry


New for 2015: Industry Breakfast

Join us on Wednesday, May 20 for breakfast and to learn more about new solutions sure to increase operational efficiency. Click here for more information on this special session open to all DUG Permian Basin attendees.

 

 
News

E&Ps Idle US Rigs For 21st Straight Week
The total U.S. count, which includes four miscellaneous rigs, slipped by 27 to 905. Stockpiles at Cushing, Okla., storage hub, shrank for the first time since November, Bloomberg said.

Well Service Contractors Enter Price War As Demand Drops In Midcontinent
A pricing war has broken out among Midcontinent well service contractors, led by larger firms who are fighting for market share in a shrinking market. Average hourly rates for the benchmark 500 Series well service rig were up slightly this quarter to $344 versus the last report, but contractors are including items in the rate that were add ons previously. In all, well service contractors say hourly rates are down 27% versus peak compared to 20% in the January 2015 survey. Operators are only doing work that is absolutely necessary. In this survey, routine maintenance accounted for 86% of job mix on average versus 31% in January, a clear sign of how low commodity prices are impacting demand for well servicing units. Watch for the next Midcontinent report in July 2015.