What’s next for Midcontinent producers?
Among U.S. shale plays, Oklahoma’s oil fields face some of the highest costs, making the state a likely first victim of the crash that has seen crude fall to its lowest price in 18 years. Oklahoma companies were laying off workers and slowing activity even before the spread of the coronavirus and the price war between Saudi Arabia and Russia. Now, with oil prices at $25 per barrel, many fields may be forced to shut-in completely. According to a Deutsche Bank analysis, it costs about $48.19 a barrel to produce oil in Oklahoma’s SCOOP and STACK plays, compared with about $46.54 in North Dakota’s Bakken shale and about $40 in the Permian Basin.
So what are Midcontinent producers going to do? Average costs disguise the spread between the least and most efficient operations. Attend Hart Energy’s DUG Midcontinent Conference and Exhibition for an up-close, in-depth view of the action. You’ll hear from 20+ speakers representing the most active players, from the financial community to the producers’ C-suites. Each will offer their perspective on what’s happening and what’s likely to come next. Plan to walk away with new insights into proven best practices and hundreds of valuable business connections.
Dive into challenges facing producers today. As the market evolves, global considerations are relevant, yet day-to-day operations remain foremost concerns.
Understand how today’s technology is driving new approaches at each stage of development. Get ideas on how to steer your company through complex shifts in regulations and technology.
Interact with industry leaders and technical peers. Gain firsthand insight from those facing challenges similar to yours and meet face to face with subject matter experts on the exhibit floor.
The Hart Energy Advantage
Hart Energy is the leading information provider for businesses focused on U.S. shale activity. We equip executive suite leaders with indispensable insight on today’s challenges and the near-future outlook. Our speakers represent both private and public companies leading, financing and enabling North America’s shale revolution and the globalization of natural gas markets. Houston-based Hart Energy produces the Oil and Gas Investor, E&P and Midstream Business media platforms and an complementary array of online news and data services, as well as leading industry conferences (like the DUG™ series), GIS data sets and mapping solutions; and a growing number of online services.