Get a head start on your DUG Permian Basin experience with the Pre-Conference Midstream Program. You'll hear from 15 of the region's most-active midstream operators. Expanded for 2015, this program will cover everything you need to know about the Permian Basin midstream market.
Explore what's working for leading producers in the nation's top oil province. Hear directly from executive-level speakers in 14 uniquely candid conference sessions. Plus, through the event's exhibition, you'll get a first-hand look at new technologies that can impact your bottom line today.
Founder, Chairman, President and CEO Approach Resources
Barry Thomas Smitherman
Former Chairman Texas Railroad Commission
Ronnie K. Irani
President and CEO RKI Exploration & Production LLC
President and COO Energy Transfer Partners LP
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
Vice President - Permian Basin Apache Corp.
Director of Commercial Development Delaware Basin Midstream LLC
Michael D. Bodino
Managing Director Global Hunter Securities
Ring Energy Reels In 14,000 Net Acres In Delaware Basin Ring Energy Inc. (REI) is making its debut in the Delaware Basin with the addition of acreage that will nearly double its production in West Texas.
Ring said May 26 it signed an agreement with Finley Resources Inc. to acquire 14,000 net acres in Culberson and Reeves counties, Texas, for $75 million.
Ring, based in Midland, Texas, will be the operator of the properties and have an approximate 98% working interest and average net revenue interest in excess of 78%.
From Delineation To Development In The Midland Basin FORT WORTH, Texas—The Spraberry and Wolfcamp formations have made the Midland Basin a popular play. However, many operators are tasked with determining how close is too close when it comes to well spacing.
“I’m going to talk about something that most CEOs probably don’t want to talk about, and that is why I think the wells we are drilling in the Wolfcamp and the Spraberry out in the Midland Basin ultimately will probably average a little bit less per well than what people are saying they are right now,” said Steve Gray, CEO and director of RSP Permian (RSPP), at Hart Energy’s DUG Permian conference on May 20.
Gray said there are massive oil-in-place resources in the Midland Basin. “If you look at a type log in the middle of the basin, you can see in addition to the five zones that we’ve been producing there are probably four or five others that have potential and have been tested by other operators or are carried in the inventory of other companies. You’ve got a total section that’s probably 3,000 feet or 4,000 feet thick [that’s pay], and when you compare that to other resource plays in the United States, it just dwarfs most of those other plays,” he said.