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
Director of Sales and Marketing Magnum Oil Tools International, Ltd.
Vice President, U.S. Development & Geosciences Enerplus Resources (USA) Corp.
Vice President Tallgrass Energy Partners LP
D-J, Uinta Basins See Minor Uptick In Drilling Rig rates may have bottomed for land drilling contractors, but there are mixed messages whether activity is rising in the Greater Rockies’ market.On the one hand, horizontal rig count in the Denver-Julesburg (D-J) Basin rose four units during the second quarter to 17 active. However, wells turned to completion since March 1 has been relatively static in the D-J Basin at 25 per month.Ensign Energy Services Inc. was the region’s most active driller in late July with six rigs active. This was one rig more than second ranked Helmerich & Payne Inc. (NYSE: HP).Regionally, the D-J Basin represented 52% of active rig count while the traditional directional drilling dry gas markets in the Greater Green River and Piceance basins accounted for 32% of activity.Of interest is the continuing exploration program in Jackson County, Colo., where Oklahoma stalwart SandRidge Energy Inc. turned two wells to completion over the last month in Colorado’s North Park Basin.SandRidge has been active in Niobrara Shale exploration since purchasing EE3 LLC’s assets for $190 million in November 2015.Rig rates are down roughly $1,000 dollars per day for AC-VFD units vs. January, though contractors tell Hart Energy rates appear have bottomed.Contractors also said they don’t expect rig rates to improve in 2016. Increased efficiency in drilling and completion means operators will need fewer rigs even if activity increases.Watch for the next Heard In The Field report on the Greater Rockies drilling market in December.
Utica Shale Activity Highlights: July 2016 Utica shale gas production in Ohio climbed first-quarter 2016 in spite of falling commodity prices.Gas production in the Utica averaged 3.6 billion cubic feet per day (Bcf/d) in the first quarter—up by 80% from 2015 volumes of 2 Bcf/d, according to the Ohio Department of Natural Resources.The increase in gas production can largely be attributed to new pipelines and pipeline access in the Appalachian Basin.