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!
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
EPA Takes Aim At Methane, Seeks Feedback Methane emissions from hydraulically fractured natural gas wells in the United States have dropped by nearly 79% since 2005. Total methane emissions have dropped by 11%.
Companies are capturing natural gas at the wellhead after a well is completed instead of flaring it, capitalizing on what could have been wasted gas.
Proactive states—including Colorado, Ohio and Wyoming—have taken matters into their own hands by successfully implementing monitoring and repair programs.
Despite these efforts, the oil and gas sector remains one of the largest contributors of methane emissions, next to the agriculture industry. Data from the U.S. Environmental Protection Agency (EPA) estimate that methane emissions from oil and gas production, as well as natural gas processing and transmission, were 148.3 million metric tons carbon dioxide equivalent in 2013. The potent greenhouse gas—the main component of natural gas, a threat to public health and a contributor to climate change—has escaped from oil and gas sites as a result of both unintentional leaks and intentional venting.