New Dates for the 4th DUG Midcontinent Conference and Exhibition
The next DUG Midcontinent conference and exhibition is set for October 26-28, 2016, at the Cox Convention Center in Oklahoma City, Oklahoma. The change comes in response to feedback from attendees and exhibitors. Previously, the event had been held in February. All participants can now enjoy warmer weather in October.
Last year, the DUG Midcontinent conference and exhibition joined more than 1,400 oil and gas professionals with 24 executive-level presenters and nearly 150 exhibitors and sponsors for an in-depth look at unconventional resource development throughout the region. Every DUG event delivers a highly effective mix of data, insight and forecasts about financing, exploration, drilling and production, presented by esteemed industry leaders. The 2016 DUG Midcontinent conference and exhibition will build on the franchise's success with informative presentations from the region's most active players.
Check back soon for updates to the agenda and speaker slate and follow DUG Midcontinent on Twitter @HartEnergyConf #DUGMidcon.
President and CEO, Velocity Midstream
U.S. Lower 48 Upstream Analyst, Wood Mackenzie
Executive Vice President, Plains All American Pipeline LP
General Manager, Mid-Continent, Newfield Exploration Co.
Managing Director & Group Head, Oil & Gas, KeyBanc Capital Markets Inc.
President & CEO, Sheridan Production Co. LLC
Principal, A.T. Kearney
Manager, NGL Market Origination Phillips 66
Vice President, Business Development, FourPoint Energy LLC
Senior Vice President, Drilling & Completions, Jones Energy Inc.
Vice President, Energy Marketing and Trading Florida Power & Light Company
Dr. Austin A. Holland
State Seismologist, Oklahoma Geological Survey, University of Oklahoma
Technical Advisor, PE & Cement Halliburton
Vice President, Mid Continent North Business Unit, Chesapeake Energy Corp.
Germany's Fracking Limits Will Ban The Process From Clay Formations Germany imposed limits on fracking on June 24, dealing a blow to efforts to develop shale gas. Under legislation passed by its lower house of Parliament, fracking will be banned in clay formations, which typically lie between 1,000 meters (m) and 2,500 m deep.Scientific test drilling will be allowed, but only with the permission of the relevant state government and under the watch of independent experts.Fracking for deep-lying or "tight" gas, typically 4,000 m to 5,000 m deep, which has been done for more than 30 years in Germany, will continue, but under more stringent regulation.
Lilis Closes Merger With Brushy Resources Denver-based Lilis Energy Inc. closed its merger with San Antonio-based Brushy Resources Inc., the company said June 24. The company also filed for relisting on the NASDAQ stock exchange.In connection with the merger, Lilis completed a substantial recapitalization by which it completed a private placement of preferred stock for gross proceeds of $20 million, converted its outstanding shares of Series A preferred stock, outstanding debentures and some outstanding convertible notes, and also executed a reverse stock split.Lilis said that these transactions strengthened the balance sheet and focused the company on its Delaware Basin acreage. There, the company has 3,458 core net acres with more than 500 multistack potential drilling locations including 320 in the Wolfcamp Formation.