DUO Reservoirs
Mar. 31-Apr. 2, 2015
Denver, Colorado
Colorado Convention Center
Register Featured Sponsors
Magnum Oil ToolsDragon ProductsNetherland, Sewell & Associates (NSAI)Stratas AdvisorsSM EnergyTEAM Oil ToolsMBI Energy ServicesBaker Hughes - PlatinumCJ Energy ServicesSuperior Energy Services
KLX Energy ServicesExpoCredit, LLCToshibaUnited RentalsAereon (formerly Jordan Technologies)Precision AdditivesCH2M HILLJoule ProcessingSaudi AramcoCroft Production SystemsFlotekPetroQuip Energy ServicesSentry TechnologiesTetraEnergy SpectrumOmni ValveSchlumbergerPFP IndustriesFreemyer Industrial Pressure LPAgar Corp.Amec Foster WheelerThe Linde GroupPrinciple Energy ServicesSure Stroke Intelligent Lift SystemPackers PlusHess Corp.Tundra Process SolutionsBakerHostetlerGEPLH GroupThru Tubing SolutionsCDM Resource Management LLCTAM InternationalMPG Pipeline ContractorsTudor Pickering HoltABUTECBaker HughesAggrekoEnerplus
Operator Sponsors
SM EnergyHess Corp. - OperatorEnerplus - Operator
Hosted By
Oil and Gas InvestorUnconventional Oil & Gas CenterMidstream BusinessE&P

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.

 
News

Day Rates For Midcontinent Premium Rigs Down 40%
Spot market rig rates have fallen 40% for premium Tier I rigs in the Midcontinent and 36% on average for all other rig classes in concert with the collapse in drilling activity. Operators are only drilling to hold leases outside the Cana Woodford/Scoop play where rig count remains static. Roughly half of regional drilling activity is on a well-by-well basis with operators elsewhere finishing out contracted drilling programs and holding off on renewing contracts and activity. Spot market rates are anecdotal because of a lack of demand for drilling services. Contractors meanwhile are folding add ons, such as top drives, back into the day rate, further exasperating the steep decline in pricing. A few survey respondents indicated operators are looking towards late third quarter before venturing back into the market. Watch for the next Midcontinent land drilling survey in July 2015. 

New Source Energy Partners’ Deal Hands Over E&P Power
Larry E. Lee, who helped create the company that became Halcón Resources Corp. (NYSE: HK), is on the move again, buying Permian Basin assets and, more recently, interest in the general partner of an MLP. Through the deal, Lee would be able to acquire control of the E&P activities of New Source Energy Partners LP (NYSE: NSLP) if certain conditions are met, including the purchase of some of Lee’s oil and gas assets. The transaction is another sign that E&P MLPs may be struggling more than their publically traded cousins in the downturn. New Source said April 27 that Lee’s 2100 Energy LLC acquired an 18.4% interest in New Source Energy GP LLC. The interest was purchased from Kristian B. Kos, New Source’s chairman and CEO. New Source is an Oklahoma City company with conventional resource reservoirs in east-central Oklahoma and oilfield services that specialize in increasing efficiencies and safety in drilling and completion processes.