Companies Throughout the Midcontinent Gather in Oklahoma City to Explore Cost-Saving Solutions and New Opportunities
In search of efficiency-focused strategies and technologies and opportunities in emerging plays like the STACK and SCOOP, hundreds of industry professionals packed the 2016 DUG Midcontinent conference and exhibition in Oklahoma City, OK, October 26-28. Conference attendees heard from 25+ executive-level speakers in the event's targeted conference sessions and in the all-new Technology Showcase. And 60+ exhibitors gave hands-on demonstrations of solutions helping producers cut costs and maximize output.
The speaker lineup featured leaders from the Midcontinent's most active E&Ps, including public and private producers like Continental Resources, Devon Energy, Marathon Oil, Chesapeake Energy, Jones Energy, Gastar Exploration, Alta Mesa Holdings, FourPoint Energy, and Cimarex Energy.
Conference sessions explored activity throughout the region’s rapidly burgeoning oil and gas plays. Attendees also heard the latest commodity price forecasts from top analysts and learned about the latest A&D activity.
The event's new Technology Showcase brought the latest solutions to the exhibit floor with case studies and live demonstrations from leading companies like TETRA Technologies, Veolia, NOV, and Baker Hughes.
Mark your calendars – DUG Midcontinent will return to the Cox Convention Center in Oklahoma City September 19-21, 2017.
President and Chief Operating Officer Continental Resources Inc.
Chief Geologist Cimarex Energy Co.
Senior Vice President, Production and Resource Development Continental Resources Inc.
Chief Operating Officer Devon Energy
President, CEO and Director Gastar Exploration
Husky Energy: Asset Sales Aid Quarterly Profit Husky Energy Inc. reported a net profit of C$186 million on Feb. 24, helped by a gain on asset sales and the reversal of a C$202 million (US$154 million) impairment charge.Excluding the one-time items, the Canadian oil producer posted a loss of C$6 million, which was smaller than expected, helped by lower production costs and higher margins in its refining operations."Strong upstream production and U.S. downstream performance has delivered increased funds," CEO Rob Peabody said on an earnings call. "We are continuing to lower our cost structure and expand our margins."
US Drillers Add Oil Rigs For Sixth Straight Week U.S. drillers added oil rigs for a sixth consecutive week, extending a nine-month recovery as shale producers ramp up spending to take advantage of a recovery in oil prices.Drillers added five oil rigs in the week to Feb. 24, bringing the total count up to 602, the most rigs since October 2015, energy services firm Baker Hughes Inc. (NYSE: BHI) said Feb. 24.During the same week a year ago, there were 400 active oil rigs.