Plays Covered: Bakken, Three Forks, Niobrara, Codell, Mancos, Parkman, Turner, Frontier, Mesaverde, Wasatch, Fort Union
With stabilizing oil prices and substantial midstream takeaway capacity growth throughout the Bakken and Niobrara regions (and more potentially on the way), producers are itching to start completing their backlog of drilled but uncompleted wells (DUCs). Stacked deep with oil-bearing benches, the Bakken and Niobrara are sleeping shale giants ready to rise. Producers continue to hone their time-tested, efficient processes and squeeze every dollar from their best wells as the market shows signs of hope.
The 2017 DUG Bakken and Niobrara conference and exhibition corrals the regions' top players to participate in profound discussions on the current stamina of the industry and what's next for producers in the Rockies and Northern Great Plains. Get the latest production estimates, learn about increasing deal flows and expanding midstream takeaway capacity, and hear the latest forecasts on commodity prices and CAPEX investment. On March 16th, hundreds of oil and gas professionals will gather to listen to 25+ executive-level speakers and meet with leading exhibitors in Denver.
New for 2017
This year's conference and exhibition will include a focused, one-day format with a chance to hear from and network with the industry's most sought after executives. Invest in one of the most valuable and informative days of the year, where you'll gain market intel from the region’s top public and private producers.
TechnipFMC Begins Operations As Combined Company TechnipFMC began operations as a combined company following the completed merger of FMC Technologies and Technip, according to a Jan. 17 press release.Doug Pferdehirt is CEO of TechnipFMC, and there are 44,000 employees, according to the press release.The merger creates a global leader in oil and natural gas projects, technologies, systems and services, particularly subsea, onshore/offshore and surface.
Board Of Directors Approves Laredo’s $530 Million 2017 Capital Budget Laredo Petroleum Inc. (NYSE: LPI) reported Jan. 17 that its $530 million 2017 capital budget was approved by the board of directors.The budget, which includes $450 million for drilling and completions and about $80 million for production facilities and other costs including land, does not include potential Medallion-Midland Basin pipeline system investments.Laredo plans to operate four horizontal rigs in 2017 and plans to drill and complete about 70 horizontal wells with roughly 95% average working interest.