Companies throughout the Permian gather in Fort Worth
to explore cost-saving solutions
In search of efficiency-focused strategies and technologies, over 1,500 industry professionals packed the 2016 DUG Permian Basin conference and exhibition in Fort Worth, TX, May 23-25. Conference attendees heard from over 35 executive-level speakers in the event's pre-conference Midstream Program, main Upstream Conference and all-new Technology Showcase. And over 150 exhibitors gave hands-on demonstrations of solutions helping producers cut costs and maximize output.
The Upstream Conference's speaker lineup featured leaders from the Permian's most active producers, including Pioneer Natural Resources, Approach Resources, Three Rivers Operating Co., Elk Meadows Resources, WPX Energy and more. Presenters gave updates on their drilling programs and discussed efforts improve breakeven costs by cutting costs.
The pre-conference Midstream Program was led by executives from the Navitas Midstream Partners, EnLink Midstream, Joule Processing, Fluor USA, PetroCloud, among others. Sessions explored current midstream projects and plans to continue building infrastructure to support long-term upstream activity in the region.
The event's new Technology Showcase brought the latest solutions to the exhibit floor with case studies and live demonstrations from leading companies like Packers Plus Energy Services, Baker Hughes and Schlumberger.
Be sure to mark your calendars for the 2016 Executive Oil Conference, November 7-8 in Midland and DUG Permian Basin 2017, which will return April 3-5 to Fort Worth.
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
North Dakota Officials: Quell DAPL Protest With Heavy Fines North Dakota officials on Nov. 29 moved to block supplies from reaching oil pipeline protesters at a camp near the construction site of the Dakota Access Pipeline (DAPL), threatening to use hefty fines to keep demonstrators from receiving food, building materials and even portable bathrooms.Activists have spent months protesting plans to route the $3.8 billion DAPL beneath a lake near the Standing Rock Sioux reservation, saying the project poses a threat to water resources and sacred Native American sites.Thousands of people are protesting at camps located on U.S. Army Corps of Engineers land, north of the Cannonball River in Cannon Ball, N.D. The main protest camp near Cannon Ball is called Oceti Sakowin, the original name of the Sioux, meaning Seven Council Fires.
OPEC, Allies Aim To Cut 1% Of Global Production Since first spinning up production in 2014, leading to two years of depressed prices, OPEC said Nov. 30 that member and non-members nations will combine to cut 1.8 million barrels per day (MMbbl/d) from world production.OPEC on its own will cut production by 1.2 MMbbl/d. The agreement counts on a pledge of non-OPEC countries, led by Russia, to cut an additional 600,000 bbl/d. Russia will shoulder half of the burden, said Mohammed Bin Saleh Al-Sada, conference president, speaking a press conference in Vienna.Combined, the new target would lower global production by about 1%. The cap takes effect Jan. 1 and is the first reduction implemented since the financial crisis in fourth-quarter 2008.