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
US Drillers Add Most Oil Rigs Since July 2015 While the rig additions this week were scattered across the country, most (11 rigs) were in the Permian Basin in West Texas and eastern New Mexico.Almost two-thirds of the rigs added since May, or 109, were in the Permian, bringing the total in the nation's biggest oil shale formation up to 246, the most since September 2015.
Cenovus Will Resume Expansion Of Christina Lake Oil Sands Project Canadian oil producer Cenovus Energy Inc. said on Dec. 8 that it planned to increase its 2017 capital budget by about 24% and will resume work on the expansion of its oil sands project in Christina Lake.The Calgary, Alberta-based company said it intended to invest between CA$1.2 billion and CA$1.4 billion (US$1.06 billion), with a target of CA$1.3 billion. That compared with its forecast of CA$1 billion to CA$1.1 billion for 2016.Cenovus's 2017 oil production will rise 14% to between 223,000 barrels per day (Mbbl/d) and 240 Mbbl/d, while oil sands production is estimated to increase by 20% to between 172 Mbbl/d and 184 Mbbl/d, CEO Brian Ferguson said in a conference call.