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.
CEO OAG Analytics
J. Ross Craft
Founder, Chairman, President and CEO Approach Resources
Barry Thomas Smitherman
Former Chairman Texas Railroad Commission
Co-Founder, Chairman & CEO Drillinginfo
Chairman & CEO Laredo Petroleum
Gen. Keith B. Alexander
Retired, U.S. Army, and CEO & President IronNet Cybersecurity
CEO RSP Permian, LLC
Chairman Petrie Partners
President Three Rivers Operating Co. LLC
President Matador Resources
Senior Vice President - Permian Basin EnLink Midstream
Vice President - Permian Basin Apache Corp.
Director of Commercial Development Delaware Basin Midstream LLC
Michael D. Bodino
Managing Director Global Hunter Securities LLC
Texas RRC Moves To Close Shale Disposal Wells Linked To Quakes The Railroad Commission of Texas is ordering subsidiaries of ExxonMobil Corp. (NYSE: XOM) and Houston-based EnerVest Ltd. to prove their wells aren't responsible for North Texas earthquakes.
The commission said April 24 it has initiated proceedings requiring the operators of disposal wells near Azle, Texas, to prove the injection permits for the wells should not be cancelled and the wells shut-in. The order follows a study on recent seismic activity in North Texas published last week by Southern Methodist University (SMU) researchers.
The disposal wells involved are XTO Energy Inc.’s West Lake SWD No. 1, in the Newark, East (Barnett Shale) Field in Parker County, and EnerVest Operating LLC’s Briar No. 1 in the Caughlin (Strawn) Field in Wise County.
OGIS: Protect The Balance Sheet, Drill The Core NEW YORK—If there was one message that resonated at the 21st annual OGIS energy conference it was that E&P companies said they are positioned to “come out the other side” of the current downturn. When the oil-price rebound will occur is still open to debate.
Over the course of three days and some 75 corporate presentations, executives explained how their companies are maneuvering to survive, by driving down costs and reducing drilling times. Speakers said companies are protecting the balance sheet, reducing rig counts and cutting costs.
At the same time, CEOs talked about continuing to pursue greater efficiencies in the field as they emphasized great assets in core acreage. Most claimed 2015 production will be flat to up slightly, making the oil price recovery more uncertain this year.