It’s been a tough year for operators the Texas’ two major shale basins. In the Permian Basin, shut-ins became the norm as oil demand nosedived in the wake of the COVID-19 pandemic. Meanwhile, oil prices settled in around $40/bbl. In the Eagle Ford, operating rigs fell to as low as eight.
The spring was filled with debate about proration, which ended up being unnecessary because, well, as we said above. As fall hits, consolidation expectations are giving way to merger rumors. The inevitable has arrived.
How will operators in both basins make it work going forward? That’s the question we’ll seek to answer as the combined DUG Permian Basin and DUG Eagle Ford Virtual Conference becomes available for viewing this morning at 9 a.m. CDT. You can register (complimentary) and view the sessions at HartEnergyConferences.com/DUG-Permian-Basin/Sessions. All sessions are available on-demand so you can register now, view them later. You have control of the viewing experience.
Who better to ask about the plans for operators going forward than the operators themselves. Seven will be featured on day one, including ConocoPhillips, Parsley Energy, Earthstone Energy, Spur Energy, Triple Crown Resources, UpCurve Energy and Ameredev II.
We’ll also take a macro look at the basins. Analyst Dan Pickering, Pickering Energy Partners, offers a look at the private equity perspective of the Permian Basin. Fellow analyst Marshall Adkins, Raymond James, checks in with the WTI forecast. Meanwhile, Enverus’ Bernadette Johnson discusses current developments concerning well spacing.
A trio of technical sessions is offered by the top companies in the service sector. David Reid of National Oilwell Varco talks artificial intelligence. Halliburton’s Casey Maxwell discusses simultaneous hydraulic fracturing. Kayleigh Kennedy and Will Cauley of Baker Hughes sit down for a roundtable discussion on efficiency and cash flow.
A pair of sessions look at one of the biggest subjects emerging the industry: ESG, or environment, social and governance reporting. Alanna Fishman, Cornerstone Government Affairs, and David de Roode, Lockton Cos., offer views on the opportunity for operators in the industry to better define the narrative around the industries strides and environmental record.
Let’s not forget about the upcoming election and its possible effects on the future of the U.S. oil and gas industry. IPAA’s Dan Naatz joins the conference to discuss all things election and government.
The two-day on-demand conference runs Sept 29-30.
Rig count is up 13% in the last month. The most significant weekly rig increases by major basin were in the Permian (up four to 129), Gulf Coast (up four to 31) and Appalachia (up three to 35).
The waterway sits on the Texas-Louisiana border and connects the Gulf of Mexico to Cheniere Energy's Sabine Pass LNG export plant and to oil refineries in Port Arthur and Beaumont, Texas.
SK E&P America Inc. retained TenOaks Energy Advisors as its exclusive adviser in connection with the sale of certain assets in the Anadarko Basin.