The Permian: America's "Super Basin"
A prolific resource stacked deep with oil and natural gas, the Permian Basin is a proving ground for producers seeking to reduce drilling costs, improve technology and expand acreage. U.S. shale players continue to fine-tune processes and add value. Many are streamlining portfolios by shedding strong assets in other regions — just to get a better foothold in America’s “Super Basin”.
A geographically gargantuan area larger than South Carolina, the Permian Basin was recently dubbed “Saudi Texas”. It holds between 500,000 and one million barrels of idle oil production capacity (compared to Saudi Arabia’s 1.5 million bbl/d capacity, via Bloomberg). Numerous pipeline new-builds and expansion projects will soon alleviate this bottleneck as midstream companies invest “tens of billions” in a field that was once declared dead.
This May, 2,500+ industry professionals, 50+ executive-level speakers and 200+ exhibitors and sponsors will converge at DUG Permian Basin to explore the latest efficiency-focused strategies and technologies — will you be one of them?
What you'll get at DUG Permian Basin:
- Pre-Conference Minerals Workshop: Join analysts and leaseholders on May 21 in the Ballroom at the Fort Worth Convention Center for this half-day workshop examining the challenges of owning and investing in mineral interests.
- Business and Operations: Top executives and decision-makers take the stage to discuss the critical issues facing Permian operations today.
- Keynote Lunch: American hero Robert O'Neill provides intimate details on how SEAL Team 6 ended Osama bin Laden's reign of terror during our catered luncheon on May 22.
- DUG Technology: Learn all you need to know about water, sand, and logistics during the inaugural DUG Technology on May 23 - our expanded second-day agenda featuring expert panels, technical spotlights and roundtable discussions covering a range of topics.
- Technology Showcase: A dedicated space on the exhibit hall floor offering case studies and demonstrations highlighting technology's impact on the development of unconventional resources.
- Crude oil production levels reached more than 2.4 MMbbl/d — a third of which has associated gas, accounting for 11% of the nation’s total gas production.
- Permian Basin drilling has grown to 398 active rigs, an increase of 51 percent from the previous year.
- Total crude output hit 815 million barrels in 2017, breaking the record of 790 million barrels set in 1973.
- Four pipeline projects with a total capacity of 6.4 Bcf/d have been proposed between the Waha hub and Agua Dulce on the Gulf Coast.
- Apache Corp., one of the largest acreage holders in the Permian, produced 161,000 boe/d in the region in 2017, success attributed to its Midland Basin drilling program, and testing to achieve higher production volumes in the stacked Alpine High play.