Amid questions on how OPEC's promised cuts will affect markets and what 2017 has in store, one thing is certain – the Permian Basin is experiencing a resurgence of activity and the world is watching. While drilling growth is slow in other markets, the Permian Basin leads the way with almost 300 active drilling sites and higher profit margins. Which best practices are helping players in the world's #1 shale play lead a strong comeback?
DUG Permian Basin explores what's working for West Texas producers and more, as the industry's top experts and analysts join the region's most active producers and service and supply companies. Among 10+ hours of networking and a first-ever Water Forum, 20+ executive-level speakers will discuss the pulse of the market, forecasts and best practices looking ahead.
Join more than 1,500 industry professionals April 3-5 in Fort Worth to explore time-tested efficiency-focused strategies and technologies.
New for 2017 – the DUG Permian Basin Water Forum will deliver insights on best practices and new technologies used in the sourcing, treatment, transport and disposal of water in drilling and completion of shale wells.
J. Ross Craft
Founder, Chairman, President and CEO Approach Resources
Senior Vice President and Chief Operating Officer, WPX Energy, Inc.
Chairman & CEO Laredo Petroleum
Chairman Petrie Partners
President Three Rivers Operating Co. LLC
US Drillers Add Oil Rigs For Fifth Straight Week U.S. energy companies added oil rigs for a fifth straight week, extending a nine-month recovery as drillers take advantage of crude prices that have held mostly over $50 a barrel since OPEC agreed to cut supplies in late November.Drillers added six oil rigs in the week to Feb. 17, bringing the total count up to 597, the most rigs since October 2015, energy services firm Baker Hughes Inc. (NYSE: BHI) said Feb. 17. During the same week a year ago, there were 413 active oil rigs.Since crude prices first topped $50 a barrel in May after recovering from 13-year lows last February, drillers have added a total of 281 oil rigs in 34 of the past 38 weeks, the biggest recovery in rigs since a global oil glut crushed the market over two years starting in mid-2014.
US Senate Confirms Scott Pruitt As EPA Head The U.S. Senate confirmed President Donald Trump's pick to run the Environmental Protection Agency (EPA) on Feb. 17 as the administration readies executive orders to ease regulation on drillers and miners.Senators voted 52-46 to approve Oklahoma Attorney General Scott Pruitt, who Senator John Barrasso, a Republican and the head of the chamber's environment committee, said would reform and modernize the EPA.Republicans have said the agency has killed jobs in coal and in oil drilling by limiting emissions and nearly all Republican senators voted for him.