Navigating 2019 – What's Next for Producers in the West?
Learn how producers in the Bakken and Niobrara are gearing up for growth
Plays Covered: Bakken, Three Forks, Niobrara, Codell, Mancos, Parkman, Turner, Frontier, Powder River Basin
Efficient producers rewarded
- PDC Energy will invest $480 million developing the Wattenberg Field in 2018, with plans to drill ~130 wells and bring another 139 wells on production.
- Continental Resources transitioned to longer laterals, slickwater fracks with up to 50 stages, and now its Bakken wells average EUR is ~980,000 boe.
- High-intensity completions allow Oasis Petroleum to grow production within cash flow at a $50/bbl WTI. Its well costs ($10.6 million in ‘14) have fallen to $5.5-to-6.5 million.
- The Dakota Access pipeline (DAPL) may save producers $540 million/yr. in shipping costs.
- D-J Basin drillers can break even $40 to $42/bbl oil according to Ponderosa Advisors.
- The Powder River’s six targeted sandstones and source rocks make up ~5,000 feet of column. Anschutz Exploration says sandstones are "the low hanging fruit" at $48 oil.
- ExxonMobil finished four Bakken wells with 3-mile laterals -- and is approaching the 4-mile mark. One analyst called it “a game changer” that could leap frog competitors’ unit cost and returns.
DUG Rockies is your chance to:
- Find out how producers in the region are operating more efficiently — hear strategies from 20 executive-level speakers
- Learn how new midstream infrastructure will expand regional market options
- Get updates on the region's backlog of drilled but uncompleted wells (DUCs)
- Hear reality-based forecasts from top industry analysts
- Explore new technologies and services from top exhibitors
- Make valuable business connections with hundreds of oil and gas professionals — enjoy 9+ hours of networking opportunities