DUG Midcontinent
February 23-25, 2016
Oklahoma City, Oklahoma
Cox Convention Center
Register Featured Sponsors
Superior Energy ServicesFreemyer Industrial Pressure LPMagnum Oil ToolsFTS InternationalBaker HughesNewpark Drilling FluidsAmerican Energy PartnersBaker Hughes - PlatinumCJ Energy ServicesNetherland, Sewell & Associates (NSAI)Kayne Anderson Energy Funds
Joule ProcessingCroft Production SystemsBTI ServicesBaker HughesEnergy SpectrumTorcsill Foundations LLC Tudor Pickering HoltD&L Oil ToolsHess Corp. - OperatorSchlumbergerTall Oak MidstreamPackers PlusPLH GroupABUTECKLX Energy ServicesSuperior Drilling ProductsKnight Oil ToolsSentry TechnologiesAggrekoAereon (formerly Jordan Technologies)The Linde GroupExterranWEIR Oil & GasHess Corp.CDM Resource Management LLCPetroQuip Energy Services
Operator Sponsors
Tall Oak MidstreamJones EnergyAmerican Energy Partners - OperatorNewfield ExplorationVelocity Midstream Partners
Hosted By
Oil and Gas InvestorE&PMidstream BusinessUnconventional Oil & Gas Center

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.

 
News

Tall Oak Midstream Will Build New Stack Play Gathering, Transportation System
The new system will have a storage and truck unloading facility east of Okarche, Okla. The system is scheduled to be in service by 2015’s fourth quarter.

Analysts: Permian Economics Palatable At $60 WTI
FORT WORTH, Texas—Sixty dollars is the new $90, declared Raymond James analyst Andrew Coleman to a crowd of Permian Basin players at Hart Energy’s DUG Permian conference last week. His prediction is predicated on a model that lower service costs and drilling efficiencies will reset acceptable operator cash margins closer to $60 WTI. “Our belief is that high-grading [acreage] and cost reductions will allow the sector to recalibrate at $60 oil,” Coleman said. Wall Street has sent a signal to operators that they cannot outspend capital, and as such the Raymond James model is “definitely more focused on cash margins than EBITDA margins,” he said. “We want to make sure that the next barrel produced will cover the entire cost in the [value] chain.”