Attendees from North Dakota to Colorado Gather to Discuss
the Latest Efficiency-Driven Technologies & Strategies
This March, hundreds of oil and gas professionals, over two dozen executive-level speakers and hundreds of exhibitors converged in Denver to spend two days exploring the latest efficiency-focused technologies and strategies saving producers throughout the Rockies and Northern Great Plains valuable time and money.
The event's world-class speaker lineup featured leaders from the most-active producers in the region, including Whiting Petroleum, Oasis Petroleum, Hess Corporation, Laramie Energy II LLC, WPX Energy and others. Karl Rove, former advisor to President George W. Bush, Fox News and Wall Street Journal contributor, and bestselling author delivered a special Presidential Election Luncheon address, sharing a political insider's look at how the 2016 race for the Whitehouse is shaping up.
This year, Hart Energy renamed the event from DUG Bakken & Niobrara to DUG Rockies to showcase a broader geographic focus in the conference agenda. Hart Energy also launched the all-new Technology Showcase on the exhibition floor. Top technology providers presented the latest solutions with case studies and live demonstrations.
The conference may be over, but the conversation isn't! Find out what other attendees and exhibitors are saying on Storify. We would love to hear about your experience too.
Be sure to save the date for DUG Rockies 2017, scheduled to return to the Colorado Convention Center in Denver, March 15-17, 2017.
President and COO Hess Corp.
Chairman, President and CEO Whiting Petroleum Corp.
Vice President, Resource Development, Continental Resources Inc.
CEO Centennial Resource Development
Chairman Petrie Partners
President & COO Oasis Petroleum Inc.
Chief Technical Advisor Halliburton
Senior Vice President and Chief Operating Officer, WPX Energy, Inc.
Former Deputy Chief of Staff and Senior Advisor to President George W. Bush
Chairman & Chief Executive Officer Laramie Energy II LLC
Director of Sales and Marketing Magnum Oil Tools International, Ltd.
Vice President, U.S. Development & Geosciences Enerplus Resources (USA) Corp.
Vice President Tallgrass Energy Partners LP
Lonestar Resources US Inc. Reports 2Q 2016 Results Lonestar Resources U.S. Inc. reported second-quarter 2016 financial and operating results. The quarter ended June 30, the company said Aug. 19.Lonestar Resources registered a 13% increase in net oil and gas production to 6,573 barrels of oil equivalent per day (boe/d) during the second quarter. This was higher than second-quarter 2015’s 5,804 boe/d of net production. In the second quarter of 2016, 76% of the production was crude oil and NGL.Lonestar said it continues focusing on the Eagle Ford Shale, where it generated a 17% increase in net oil and gas production—5,991 boe/d—in second-quarter. During second-quarter 2016, Lonestar augmented its Eagle Ford leasehold and reserves. In the area, two new wells were placed onstream in May. Lonestar holds a 42% working interest and a 33% net revenue interest in these wells.
Operators Have Room To Grow: Refrack Opportunities Exist Advances in technology and improved techniques have led to production growth in U.S. shale plays. But the industry can do better in one area that has a long history in North America, according to a fracturing optimization expert.That’s restimulation, or refracturing. The process has been used on vertical wells dating back to the 1950s but it has gained attention in recent years as operators and oilfield services companies work to get more oil or gas from horizontal wells. Speaking during EnerCom’s 21st Oil and Gas Conference in Denver on Aug. 18, Colorado School of Mines instructor Mike Vincent pointed out that the industry has restimulated more than 250,000 wells over the past 60 years, but could improve on the process. Improving on the process could, ultimately, lead to higher profits for operators and service companies.“A lot of my clients have pumped the exact same pump schedule 70 times in a row, and they made money on every refrack; but that doesn’t mean that we optimized. That doesn’t mean that we learned,” Vincent said.