Defining, delineating, and derisking the horizons
What you'll get at DUG Midcontinent:
- How the region's most active producers are learning to live within cash flow as market recovery takes hold
- Where the top analysts forecast oil prices for the rest end of 2018 and how 2019 looks from their perspective
- Candid networking with industry peers and prospects during 9+ hours of breaks, meals and receptions
- What water, sand, and logistics options offer at the DUG Technology program — a focused second-day agenda with expert panels, technical spotlights and roundtables
- Hear about tecnical skills and traning challendges, operational saftery, profitable opportunities, and more at the Midstream Technical Forum
Venue: Cox Convention Center | 1 Myriad Gardens | Oklahoma City, Oklahoma 73102
NEW in 2018 - DUG Technology
- A three-way $3.8 billion merger between Silver Run Acquisition Corp. II, Kingfisher Midstream LLC and Alta Mesa Holdings LP created a single, public pure-play STACK company this spring. The new giant – called Alta Mesa Resources -- has it all: Over $1 billion in financing, 130,000 net contiguous acres of leasehold in the oil window, and tailor-made midstream capacity.
- The Anadarko Basin’s STACK play is named for the Sooner Trend in the area of Canadian and Kingfisher counties. The “Arkoma Stack” is another multi-bench play on the same formations in the Arkoma Basin. Wells in Hughes County tapping the liquids-rich Woodford up-dip can find about 50% liquids—both NGL and condensate – that offer flexibility alongside some of the best break-evens and F&D costs in the Lower 48.
- Hughes County was Oklahoma’s most actively leased county in April and May and permits and rigs are following. D&C costs for 1-mile laterals are about $3.5 million.
- Significant ‘Rate-Of-Change’ expected in drilling days and well costs according to Guggenheim research. Operators have announced significant cost reductions up to 30% in high-cost, over-pressured areas with 3D seismic, fit-for-purpose rigs, bit and mud motor technology, rotary steerable systems and pad development.
- First SCOOP/STACK in-basin sand mine to open -- Preferred Proppants announced construction of a frac sand mine in Oakwood, Oklahoma, straddling Dewey and Blaine Counties. Expected online in the third quarter, the mine will supply producers in the SCOOP, STACK and other Midcontinent plays with 40/70 and 100 mesh sand. Other proppant suppliers also have announced plans for Oklahoma sand mines.