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
Schlumberger Sees Pricing Improve But Costs Weigh On Margins The world’s No.1 oilfield services provider said revenue rose 5.7% to $6.89 billion in the quarter ended March 31, but its cost of revenue increased 11.3% to $6.08 billion.The company’s pretax operating margin fell to 11% in the latest quarter, from 13.8% a year earlier.
Oil On Track For Biggest Weekly Drop In A Month Oil held near $53 a barrel (bbl) on April 21 but was on course for its biggest weekly drop in a month due to doubts that an OPEC-led production cut will restore balance to an oversupplied market.Brent futures were at $53.01/bbl at 6:07 a.m. CT (11:07 GMT), up 2 cents from their last close and set for a 5.15% weekly drop, their biggest fall since the week of March 10.West Texas Intermediate crude, which rolled over on April 21, were at $50.66/bbl, down 5 cents and on course for a 4.8% weekly decline, also the most since March 10.