What's Working, What's Not & What's Next for Permian Producers
At ~$40 WTI, West Texas' Permian could very well be the last basin standing. With superior wellhead economics and a deep bench of productive formations, the Permian Basin has become a safe haven for many E&Ps. But even the nation's most prolific oil province is challenged by the current downturn.
Armed with efficiency-focused technologies and strategies, producers are digging deep to protect margins.
If your business is oil and gas in West Texas, you can't afford to miss this year's DUG Permian Basin conference and exhibition! Thousands of industry professionals are converging in Fort Worth to hear from the region's most-active producers and midstream operators. Don't miss this once-a-year chance to explore the latest strategies and technologies with 35+ senior-level speakers and 100+ exhibitors.
Plays covered: Wolfcamp, Spraberry, Bone Spring, Leonard, Avalon, and Yeso
EVP, Permian Operations Pioneer Natural Resources
Q: How is your company navigating today's market challenges and capitalizing on opportunities?
A: Pioneer has the largest Spraberry/Wolfcamp acreage position with decades of drilling inventory. We are well positioned to weather the current low commodity price environment with a strong balance sheet, strong derivatives positions to protect cash flow through 2016, and a capital program funded through 2017 with no incremental debt required.
In response to the outlook for continuing weak oil prices, Pioneer is reducing its horizontal drilling activity by 50% while still growing 2016 production and preserving the company's strong balance sheet and cash position. Our Permian team has realigned to meet the challenges of this downturn and position itself to be the strongest operation in the basin when commodity prices return.
Free Exhibit Hall Access for Operators
Hart Energy invites employees at E&P companies, pipeline operators, refineries and utility companies to enter the DUG Permian Basin exhibit hall at no cost. Plus, you have the option to upgrade to a full conference pass to attend the 15+ conference sessions.
To submit your qualifying application and register, click here.
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
Former ConocoPhillips Technical Expert Seaba Joins The Gas Technology Institute The Gas Technology Institute said Aug. 24 that James Seaba has joined the company as the senior director of technology development, where he will support the evaluation and maturation of technology.From the development of novel hydrogen production technology for fuel cells to the reduction of greenhouse gases in oil sands production, he has expertise across a broad technology spectrum.Seaba, who earned a doctorate and who has 13 pending patents in heavy oil production and CO2 capture/migration, came to GTI after serving as a consultant for major oil companies, major automotive companies and suppliers and VC firms, exploring and developing technologies for unconventional oil and clean energy.
The Case For $4.50 Gas This Winter DENVER—A price jump for natural gas could be in store for the U.S. as soon as this winter, according to predictions made by some analysts.“We’re really bullish for natural gas in 2017. We’re expecting a significant price signal—a big jump up in gas prices—starting as soon as winter shows up, probably in December of this year,” said Bernadette Johnson, managing partner at Ponderosa Advisors LLC, a Denver-based energy advisory firm.“Part of the reason that we are so bullish for natural gas prices next year is because we’re bearish for oil prices. We don’t think that oil prices will bump much above an average of $52 per barrel [bbl] next year,” Johnson said during a webinar the firm recently hosted at its offices.