Attendees from North Dakota to Colorado and Beyond Gather to Discuss the Latest Efficiency-Driven Technologies & Strategies
This April, nearly 1,800 oil and gas professionals, 25+ executive-level speakers and 200+ exhibitors converged in Denver to spend two days exploring the latest efficiency-focused technologies and strategies saving producers throughout the Rockies valuable time and money.
The event's world-class speaker lineup featured leaders from the most-active producers in the region, including Whiting Petroleum, Oasis Petroleum, Hess Corporation, Newfield Exploration, QEP Resources and others. Presenters discussed their latest drilling results, future plans and efforts to maximize profits by driving efficiency throughout their organizations. Key topics included optimized completion programs, streamlined logistics and well refracturing. With 9+ hours of networking opportunities built into the event, attendees had ample time to connect and discuss everything they learned in the conference sessions.
Retired four-star General John Allen delivered a special Keynote Luncheon address, sharing personal accounts from his time serving as Commander of the U.S. and NATO troops in Afghanistan.
Click here to view the DUG Bakken and Niobrara 2015 post-event press release. The conference may be over, but the conversation isn't! Find out what other attendees and exhibitors are saying on Storify. We would love to hear about your experience too.
Be sure to save the date for DUG Bakken and Niobrara 2016, scheduled to return to the Colorado Convention Center in Denver, March 9-11, 2016.
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.
Showing Some Speed And Efficiency In The Utica PITTSBURGH—Ben Hulburt, CEO of Eclipse Resources Corp. (ECR), showcased his company’s many strengths in the Utica play at Hart Energy’s DUG East conference last week, including his claim to be—along with Chesapeake Energy Corp. (CHK)—among the fastest and most efficient drillers in the play.
“In my opinion, we drill faster and cheaper than any company in the Utica, except Chesapeake,” said Hulburt. “And part of the reason is that our drilling team has drilled more wells in the Utica than anyone out there, except Chesapeake. It’s a real competitive advantage to be able to drill the highest pressure and deepest part of the Utica, which is really challenging, and drill a 21,000-foot well in 17 days.”
To date, Eclipse has participated in drilling 187 gross Utica wells, including 70 operated wells. In a comparison of operated vs. nonoperated wells, as measured by drilling days, Eclipse-operated wells since inception were 19% faster at 26 days versus 31 days for nonoperated well. Comparing just the last 20 wells, Eclipse was 38% faster at 18 days versus 29 days, according to Hulburt.
The Energy Business Is ‘Living Dangerously’ In A Changing World PITTSBURGH—The years 2015 and 2016 could be “years of living dangerously” as the world’s energy business goes through dramatic shifts, investment banker and author Tom Petrie told attendees at Hart Energy’s DUG East conference on June 25.
Multiple political and military trends, coupled with the stunning rise in U.S. crude oil and natural gas production, are occurring at the same time. That makes the worldwide energy industry particularly uneasy now, Petrie said.
There are “shifting geopolitical dynamics” happening, particularly in the Middle East and Asia. Russia and China are creating an uneasy alliance, in part due to the West’s economic embargoes set following Russia’s invasion of Ukraine, Petrie said. China, meanwhile, “is transitioning from an export-driven economy to greater, consumer-driven economy while ensuring a one-party rule—a rather important change.”