DUG Midcontinent
February 23-25, 2016
Oklahoma City, Oklahoma
Cox Convention Center
Register Featured Sponsors
CJ Energy ServicesBaker Hughes - PlatinumNetherland, Sewell & Associates (NSAI)American Energy PartnersMagnum Oil ToolsFreemyer Industrial Pressure LPKayne Anderson Energy FundsBaker HughesNewpark Drilling FluidsFTS InternationalSuperior Energy Services
Torcsill Foundations LLC PLH GroupEnergy SpectrumPetroQuip Energy ServicesKnight Oil ToolsCroft Production SystemsPackers PlusBTI ServicesExterranHess Corp. - OperatorHess Corp.D&L Oil ToolsBaker HughesWEIR Oil & GasAereon (formerly Jordan Technologies)Joule ProcessingSchlumbergerTall Oak MidstreamSuperior Drilling ProductsAggrekoKLX Energy ServicesCDM Resource Management LLCThe Linde GroupABUTECSentry TechnologiesTudor Pickering Holt
Operator Sponsors
Velocity Midstream PartnersTall Oak MidstreamNewfield ExplorationAmerican Energy Partners - OperatorJones Energy
Hosted By
Oil and Gas InvestorMidstream BusinessUnconventional Oil & Gas CenterE&P

Larger Crowd Attended 2015 DUG Midcontinent Conference

Nearly 1,300 oil and gas professionals attended the 3rd annual DUG Midcontinent conference and exhibition, an approximate 15 percent increase in paid delegates from last year. Attendees heard from top executives and decision-makers from the region's most-active exploration and production companies at the Cox Convention Center in Oklahoma City on February 24-26.

Dave Hager, COO of Oklahoma City-based Devon Energy, delivered the opening keynote remarks for the conference. Hager will become Devon's president and CEO effective August 2015. Chesapeake Energy Vice President John Adcock, from another Oklahoma City-based corporation, gave insights on increasing operational efficiency. He said pad wells are not the most efficient way to drill a well, but rather the most efficient way to move a rig.

Other notable speakers addressed the audience about promising field developments. Wade Hutchings, a regional vice president for Marathon Oil, told attendees 70 percent of Marathon's 2015 capital is allocated to U.S. resource plays. Kevin Phillippi, principal at A.T. Kearney, said each major refining region has seen asset base shifts due to recent economic conditions. He added the most profitable refineries are in Wyoming. Cheniere Pipeline president, Chad Zamarin shared plans for expansions, pipelines and markets. The company is working on the Creole Trail Pipeline, Sabine Pass LNG terminal and first LNG export cargoes projected for the fourth quarter.

Prospective attendees can mark their calendars for next year's DUG Midcontinent conference set for February 23-25, 2016 in Oklahoma City, OK.

Hart Energy would like to thank the 2015 DUG Midcontinent sponsors for their continued support.

The conference may be over, but the conversation continues on Twitter. Join in by following us @HartEnergyConf using #DUGMidcon or check out our Storify page.

 
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Study: Crude Prices On Track To Fall Further
The growing worldwide oil surplus is a prelude to another price drop, and prices will continue to remain suppressed until there is evidence that the glut is shrinking, according to an IHS study released July 31. Of course, the oil and gas industry has not been able to escape a difficult conundrum: Since the oil price collapse, global oil production has gone up, not down. Since the November 2014 OPEC meeting, aggregate production from the U.S., Saudi Arabia, and Iraq has increased 2 million barrels a day (MMbbl/d). That production number is far more than the global demand, IHS said, and in return the global glue has increased. Prices in the U.S. have not yet fallen far enough, or for a long enough period of time, for an appreciable supply adjustment to occur. Yet IHS says such as equilibrium may not be far off, particularly if oil prices fall further with the availability of additional Iranian supplies.