Executive Oil Conference
November 9-10, 2015
Midland, Texas
Midland County Horseshoe
Arena & Pavilion
Register Featured Sponsors
Tudor Pickering HoltEnCap InvestmentsNetherland, Sewell & Associates (NSAI)
Petroleum StrategiesEnergy SpectrumLantana Energy Advisors
Hosted By
Hart EnergyPetroleum StrategiesOil and Gas Investor

The 20th Annual Executive Oil Conference Draws Record Crowd

A record-breaking 1,147 attendees converged in Midland, TX this November for Hart Energy's 20th annual Executive Oil Conference. The Permian Basin-focused event featured world-class presentations from 17 executive-level speakers and showcased products and services from 80 exhibiting companies.

Preceding the event, attendees gathered at the Petroleum Club to honor winners of the 2014 Hearst Awards. During the ceremony, Hart Energy recognized and thanked Dale Brown, founder and president of Petroleum Strategies—the former owner of the Executive Oil Conference—for his outstanding leadership and service in the community and the industry.

Hart Energy regularly pays tribute to America's military heroes during its events, and the 2014 Executive Oil Conference was no exception. Held on Veterans Day, the event featured a number of touching patriotic tributes – including heartfelt remarks from speakers, exhibitors, sponsors and attendees. A portion of the funds raised during the event's annual golf tournament were given to the Folds of Honor Foundation, which provides care for the families of soldiers who have been killed or disabled while in active duty.

Even plummeting oil prices couldn't dampen the tone of the conference. Analysts from Sanford C. Bernstein & Co. and Tudor, Pickering, Holt and Co. offered an encouraging assessment that West Texas' Permian Basin is poised to withstand turbulent oil prices. And during the event's opening keynote, Jeffrey Fisher, COO of American Energy Partners, announced the company will be actively establishing a corporate presence in the Permian Basin by opening a Midland office and hiring local talent. Click here to view the complete conference agenda.

The conference may be over, but the conversation isn't. Find out what other attendees and speakers are saying about the 20th Annual Executive Oil Conference. We would love to hear about your experience too!

Be sure to save the date for the 2015 Executive Oil Conference, scheduled November 9-10 at the new Midland County Horseshoe Arena & Pavilion. Opening in January 2015, the new pavilion has the space to support the event's continued growth.



Bakken Continues Decline While Operators Remain Strong
The Bakken Shale is alive and still kicking, but production continues to slow. While oil production and rigs continue to decline in the Williston Basin of North Dakota, some companies, such as QEP Resources Inc. (NYSE: QEP) have shown impressive results in the play. At the same time, the backlog of drilled, but uncompleted (DUC) wells in the state continues to loom—which could generate financial headaches at current commodity prices. Oil production in North Dakota declined 1% in February by 14,100 barrels a day (bbl/d), to 1.18 MMbbl/d. That was the second month in a row that production fell, which is uncommon, said Lynn Helms, director of North Dakota’s Department of Mineral Resources (NDIC). The last time production fell in consecutive months was four years ago, Helms said.

E&Ps Balance Innovation, Costs But Liquidity, Leverage Matter Most
Recently, Pioneer Natural Resources Co. (NYSE: PXD) has been using dissolvable plugs in Permian Basin wells. In the Eagle Ford, such plugs dissolve in about 17 hours, eliminating the need for coil tubing to drill them out. The ground beneath the Permian, though, is about 150 degrees cooler and the plugs take significantly more time to dissolve. They will have to be modified before they represent a repeatable improvement. In a $50 per barrel WTI world, E&P companies have set about making efficiency and expense-reduction initiatives a priority. While such measure are worthwhile, for all the effort on innovation none trump the most meaningful value drivers: liquidity, leverage and hedging and growth prospects, said Eric Otto, analyst, CLSA.