Attendees from North Dakota to Colorado Gather to Discuss
the Latest Efficiency-Driven Technologies & Strategies
This March, hundreds of oil and gas professionals, over two dozen executive-level speakers and hundreds of exhibitors converged in Denver to spend two days exploring the latest efficiency-focused technologies and strategies saving producers throughout the Rockies and Northern Great Plains 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, Laramie Energy II LLC, WPX Energy and others. Karl Rove, former advisor to President George W. Bush, Fox News and Wall Street Journal contributor, and bestselling author delivered a special Presidential Election Luncheon address, sharing a political insider's look at how the 2016 race for the Whitehouse is shaping up.
This year, Hart Energy renamed the event from DUG Bakken & Niobrara to DUG Rockies to showcase a broader geographic focus in the conference agenda. Hart Energy also launched the all-new Technology Showcase on the exhibition floor. Top technology providers presented the latest solutions with case studies and live demonstrations.
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 Rockies 2017, scheduled to return to the Colorado Convention Center in Denver, March 15-17, 2017.
President and COO Hess Corp.
Chairman, President and CEO Whiting Petroleum Corp.
Vice President, Resource Development, Continental Resources Inc.
CEO Centennial Resource Development
Chairman Petrie Partners
President & COO Oasis Petroleum Inc.
Chief Technical Advisor Halliburton
Senior Vice President and Chief Operating Officer, WPX Energy, Inc.
Former Deputy Chief of Staff and Senior Advisor to President George W. Bush
Chairman & Chief Executive Officer Laramie Energy II LLC
Rockies: Workover Prices Static In Face Of Increasing Demand Rising commodity prices are encouraging operators to venture back into the workover market in the Greater Rockies, or the Rocky Mountain market outside the Bakken Shale.The increase in oil prices early July have prompted greater activity in the Uinta Basin and Niorbrara Shale northeast of Denver in particular, according to Hart Energy’s Heard In The Field survey.Oil has since dropped due to an ongoing oversupply of crude and refined products. West Texas Intermediate crude futures were trading around $41 early on July 29, with Brent close behind at about $42.Operators are doing remedial work on wells previously shut-in because of low oil prices. Rod and tubing work make up 87% of job mix among survey respondents.Activity still remains low region-wide and less than half of survey respondents had been involved in a completion over the last 90 days.Drilling remains sporadic outside the Denver-Julesburg Basin though some wildcats are underway in the North Park and Powder River basins.Hourly rates were stable at an average $247 for the benchmark 500 series C workover unit. However, workover contractors expect rates to remain flat for the remainder of 2016, pending an increase in oil prices.Watch for the next Heard In The Field report on the Greater Rockies workover/well service market in December.