With its robust conference program, executive-level speakers and interactive technology exhibits, the DUG Bakken and Niobrara event delivers the information and contacts your business needs to succeed in 2015. Join us in Denver for candid discussions on how producers in the Bakken and Niobrara are cutting costs by operating more efficiently. Click here to learn more about why you can't afford to miss the region's #1 unconventional resources event.
Conference & Exhibition Pass includes: 3-day access to the conference sessions, speaker Q&A sessions, exhibition hall, keynote luncheon presentation featuring Gen. John R. Allen (USMC, ret.), all networking breaks and cocktail receptions, and post-conference access to the speaker presentations.
Exhibit-Hall-Only Pass includes: 3-day access to the exhibition hall, all networking breaks and cocktail receptions.
Download the new Hart Energy Conferences mobile app for complete access to the DUG Bakken and Niobrara:
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President and COO Hess Corp.
Chairman and CEO Whiting Petroleum Corp.
Chairman Petrie Partners
President & COO Oasis Petroleum Inc.
Managing Director Sterne Agee
Drilling and Completions Manager Newfield Exploration Co.
Founder OAG Analytics
Vice President Phillips 66 Pipeline LLC
Co-CEO Synergy Resources Corp.
The Year Of The Scoop/Stack Over the past four months, operators have become increasingly discerning of asset quality, focusing drilling activity on their highest-returning assets. The result has been a major retrenchment of 2015 capex budgets across the industry as companies attempt to align spending with shrinking cash flows. While the “big three” U.S. oil resource plays have experienced a significant reduction in horizontal rig counts as a result of this—the Williston Basin is down 34%, the Permian Basin, 27%, and the Eagle Ford, 24%—one region has held its own: the Scoop/Stack of central Oklahoma.
The Scoop’s main target is the Woodford Shale, a 200- to 400-foot-thick, highly siliceous unconventional interval that generally exhibits thickening from the north to the south. The predictability of reservoir performance across the oil/condensate/gas windows coupled with low breakeven costs supports the flight to quality this region has seen.
The Woodford Shale represents a premier source rock with hydrocarbon diversity across its various phase windows. EURs in the condensate window approach 1,800 Mboe (52% liquids) with breakeven oil prices below $30/bbl, while EURs in the oil window approach 690 Mboe (80% liquids) with breakeven oil prices at $35/bbl (assuming $3 flat gas prices and 35% of WTI for NGLs).