DUO Reservoirs
Mar. 31-Apr. 2, 2015
Denver, Colorado
Colorado Convention Center
Register Featured Sponsors
Baker HughesSuperior Energy ServicesSM EnergyMagnum Oil ToolsTEAM Oil ToolsCJ Energy ServicesMBI Energy ServicesNetherland, Sewell & Associates (NSAI)
AggrekoCroft Production SystemsUnited RentalsJoule ProcessingOmni ValveEnerplusTudor Pickering HoltSentry TechnologiesSure Stroke Intelligent Lift SystemTundra Process SolutionsThru Tubing SolutionsWEIR Oil & GasPLH GroupSchlumbergerAereon (formerly Jordan Technologies)Precision AdditivesEnergy SpectrumBaker HughesFreemyer Industrial Pressure LPCDM Resource Management LLCThe Linde GroupABUTECPetroQuip Energy ServicesMPG Pipeline ContractorsExpoCredit, LLCPackers PlusToshibaPFP IndustriesTAM InternationalFlotek
Operator Sponsors
SM EnergyEnerplus - Operator
Hosted By
E&POil and Gas InvestorUnconventional Oil & Gas CenterMidstream Business

DUG Bakken and Niobrara early bird expires Friday, March 6 — Register today and save!

Plays covered: Bakken, Niobrara, Powder River Basin, Three Forks, Williston Basin

Profit through Efficiency

Reducing cost and adding takeaway

While the world seeks a new equilibrium for tumbling oil prices, producers throughout the Rockies are laser focused on cutting costs by operating more efficiently. Everything from optimized completion strategies and streamlined logistics, to new frac spacing methods and fuel substitution is being tested. And with more than 9,000 wells drilled in the Bakken alone, producers have a wealth of data and experience from which to learn and improve.

A lack of takeaway capacity is further exacerbating the effects of declining oil prices. Producers in the Rockies sell at substantially discounted rates to make up for the region's logistical and geographic disadvantages. According to the EIA Bakken production is currently 1.2 MMbbl/d. At the end of 2013, North Dakota only had pipeline capacity to move 583,000 MMbbl/d out of the state. That number is forecast to increase to 1.7 MMbbl/d by the end of 2017, bringing relief to producers working diligently to stay ahead of narrowing profit margins.

The resilience of North America's shale revolution is being tested, but the very innovative spirit that started it all is keeping producers ahead.

DUG Bakken and Niobrara 2015 will unite more than 2,500 oil and gas professionals, 25+ executive-level speakers and 200+ exhibitors in Denver for two days of candid discussions on how producers 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.

 

Click here to register today!

 

DUG Bakken and Niobrara SponsorshipsSponsorship Opportunities

DUG Bakken and Niobrara sponsors will have the opportunity to increase brand awareness, obtain valuable leads and connect with thousands of potential clients — all in one venue! Click here to learn more.
DUG Bakken and Niobrara ExhibitingExhibitor Opportunities

DUG Bakken and Niobrara exhibitors get unique access to a select group of industry executives, new sales leads, the opportunity to solidify customer relationships, and the ability to showcase new products/services to a targeted audience. Click here to learn more.

 

 
News

US Oil Rigs Get Hammered For 12th Straight Week
U.S. oil explorers idled rigs for the 12th straight week, extending the steepest dropoff in drilling on record as crude prices headed for a second week of losses, Bloomberg reported Feb. 27. Rigs targeting oil in the U.S. fell by 33 to 986, dropping below 1,000 for the first time since June 2011, Baker Hughes Inc. (NYSE: BHI) said on its website Feb. 27. Those seeking gas dropped by nine to 280, the Houston-based field services company said. The total U.S. count declined by 43 to 1,267, including a miscellaneous rig. The U.S. has lost more than a third of its oil rigs over four months in an unprecedented retrenchment in drilling that threatens to bring the nation’s shale boom to a halt as early as this year. Collapsing oil prices have already wiped out thousands of U.S. jobs and dried up more than $86 billion in capital spending as domestic producers face stiff competition from suppliers abroad.

Industry's Downturn Extends to Gas-Directed Plays
The activity decline impacting the nation’s oil plays has now come to gas-directed plays like the Marcellus as demand for drilling services falls, pricing decreases and rigs lay down in a rapidly deteriorating market.