DUG Permian Basin
May 23-25, 2016
Fort Worth, Texas
Fort Worth Convention Center
Register Featured Sponsors
Baker Hughes - PlatinumStrike Energy USAFTS InternationalStratas AdvisorsTenarisNetherland, Sewell & Associates (NSAI)Dragon ProductsKayne Anderson Energy FundsSuperior Energy ServicesMagnum Oil Tools
GETwilight ServicesGeoForceDuPontSchlumbergerKLX Energy ServicesMPG Pipeline ContractorsEnLink MidstreamFreemyer Industrial Pressure LPTIW CorporationOrigin Bio SolutionsAggrekoExterranStallion Oilfield ServicesTimekeepers SecurityTorcsill Foundations LLC D&L Oil ToolsCDM Resource Management LLCCroft Production SystemsTracercoPFP IndustriesAereon (formerly Jordan Technologies)Thru Tubing SolutionsPel-StateJoule ProcessingPackers PlusBaker HughesSTW ResourcesAgar Corp.Tryton Tool ServicesUnion LeasingEnergy SpectrumSaudi AramcoBCCK EngineeringTomahawk RentalsMurchison DrillingSentry TechnologiesNavigator Energy ServicesKeane GroupSuperior Drilling Products
Operator Sponsors
EnLink Midstream
Hosted By
Oil and Gas InvestorE&PMidstream BusinessUnconventional Oil & Gas Center

Companies throughout the Permian gathered in Fort Worth to explore cost-saving solutions

In search of new efficiency-focused strategies and technologies, over 2,000 industry professionals packed the 2015 DUG Permian Basin conference and exhibition in Fort Worth, TX, May 19-21. Conference attendees heard from over 35 executive-level speakers in the event's pre-conference Midstream Program and main Upstream Conference. And over 170 exhibitors gave hands-on demonstrations of the newest products and services helping producers in the region cut costs and maximize output.

The Upstream Conference's speaker lineup featured leaders from the Permian's most active producers, including Apache Corp., Laredo Petroleum, Matador Resources, RSP Permian and RKI Exploration and Production. Presenters gave updates on their drilling programs and discussed efforts improve breakeven costs by cutting costs. During the event's luncheon, General Keith B. Alexander, one of the world's top cybersecurity experts, discussed the critical importance of protecting America's networks and infrastructure against foreign and domestic cyber-attacks.

The pre-conference Midstream Program was led by executives from the Texas Railroad Commission, EnLink Midstream, Crestwood Midstream Partners and Watco Companies, among others. Sessions explored current midstream projects and plans to continue building infrastructure to support long-term upstream activity in the region.

DUG Permian Basin 2015 may be over, but the conversation continues! Find out what other attendees and exhibitors are saying on Storify and Twitter. We want to hear about your experience too!

Be sure to mark your calendars for the 2015 Executive Oil Conference, November 9-10 in Midland and DUG Permian Basin 2016, which will return May 23-25 to Fort Worth. Also, check out Hart Energy's newest conference, MIDSTREAM Texas, which will be co-located with its DUG Eagle Ford conference and exhibition October 25-27 in San Antonio.

 
News

Texas Petro Index Swells With Negative Indicators
The index has declined 18% since its peak in October 2014 and 17% since a year ago. Yet, crude and gas recovery increased during the first six months of 2015 and is on track to reach record production.

Midcontinent Drillers Brace For Another Price Drop
Drilling contractors are concerned that a stable demand market—albeit at very low utilization—might face another leg down in the wake of retrenching oil prices. Regional drilling rig utilization was pegged in the low 40% range among Midcontinent contractors and not expected to improve. Although second-quarter 2015 rig pricing was stable within a range of $17,000 to $18,500 for the benchmark 1,500 HP AC Tier I rig, fears are growing among contractors that rates may have more downside in the wake of lower commodity prices. Most work remains well-to-well though some operators are seeking to lock in low rates via term contracts but are not finding much enthusiasm among contractors for the arrangement. Participants in the Hart Energy survey expected pricing to remain flat in the third quarter, but are concerned over the recent decline in oil prices and its impact on Midcontinent drilling. Watch for the next Midcontinent drilling update in October 2015.