Plays Covered: Bakken, Three Forks, Niobrara, Codell, Mancos, Parkman, Turner, Frontier
With stabilizing oil prices and substantial midstream takeaway capacity growth throughout the Bakken and Niobrara regions (and more potentially on the way), producers are itching to start completing their backlog of drilled but uncompleted wells (DUCs). Stacked deep with oil-bearing benches, the Bakken and Niobrara are sleeping shale giants ready to rise. Producers continue to hone their time-tested, efficient processes and squeeze every dollar from their best wells as the market shows signs of hope.
The 2017 DUG Bakken and Niobrara conference and exhibition corrals the regions' top players to participate in profound discussions on the current stamina of the industry and what's next for producers in the Rockies and Northern Great Plains. Get the latest production estimates, learn about increasing deal flows and expanding midstream takeaway capacity, and hear the latest forecasts on commodity prices and CAPEX investment. On March 16th, hundreds of oil and gas professionals will gather to listen to 25+ executive-level speakers and meet with leading exhibitors in Denver.
New for 2017 - Efficient One-Day Format -
This year's conference and exhibition will include a focused, one-day format with a chance to hear from and network with the industry's most sought after executives. Invest in one of the most valuable and informative days of the year, where you'll gain market intel from the region’s top public and private producers.
Husky Energy: Asset Sales Aid Quarterly Profit Husky Energy Inc. reported a net profit of C$186 million on Feb. 24, helped by a gain on asset sales and the reversal of a C$202 million (US$154 million) impairment charge.Excluding the one-time items, the Canadian oil producer posted a loss of C$6 million, which was smaller than expected, helped by lower production costs and higher margins in its refining operations."Strong upstream production and U.S. downstream performance has delivered increased funds," CEO Rob Peabody said on an earnings call. "We are continuing to lower our cost structure and expand our margins."
US Drillers Add Oil Rigs For Sixth Straight Week U.S. drillers added oil rigs for a sixth consecutive week, extending a nine-month recovery as shale producers ramp up spending to take advantage of a recovery in oil prices.Drillers added five oil rigs in the week to Feb. 24, bringing the total count up to 602, the most rigs since October 2015, energy services firm Baker Hughes Inc. (NYSE: BHI) said Feb. 24.During the same week a year ago, there were 400 active oil rigs.