Executive Oil Conference
November 9-10, 2015
Midland, Texas
Midland County Horseshoe
Arena & Pavilion
Register Featured Sponsors
Netherland, Sewell & Associates (NSAI)EnCap InvestmentsTudor Pickering Holt
Express Truck RentalPetroleum StrategiesUnion LeasingEnergy SpectrumLantana Energy AdvisorsRiley Exploration
Hosted By
Oil and Gas InvestorHart EnergyPetroleum Strategies

Permian Powers On
90+ years of prolific production and still growing

Home to oil legends and vast fortunes, the Permian Basin is the undisputed capital of the light oil revolution. And the opportunity for legendary profit-making is far from over. Pioneer Natural Resources, who will be featured at this year's opening keynote presentation, estimated in June 2014 it has 20,000+ potential Wolfcamp and Lower Spraberry well locations. That count doesn't include what may be possible from down-spacing or from wells in the Clearfork, Middle Spraberry, Atoka and Woodford layers.

While this world-class play isn't immune to the impacts of current oil markets, it remains a strategic investment for elite producers who are successfully driving breakeven costs down. With layer upon layer of proven resource-rich rock, companies are finding innovative ways economically produce oil in any market.

Why should you spend two days in Midland, TX this November? Because it’s where the oil is! Attend the ONE conference that gives you an in-depth look at activity in the nation's top oil province, and unique perspectives on the entire U.S. oil and gas market. Plan now to join 1,100+ industry executives, managers, capital providers, financiers and analysts, 15+ executive-level speakers and 80+ exhibiting companies November 9-10 in Midland.

See why you can’t afford to miss this year's event >>

News

Texas Petro Index Swells With Negative Indicators
The index has declined 18% since its peak in October 2014 and 17% since a year ago. Yet, crude and gas recovery increased during the first six months of 2015 and is on track to reach record production.

Midcontinent Drillers Brace For Another Price Drop
Drilling contractors are concerned that a stable demand market—albeit at very low utilization—might face another leg down in the wake of retrenching oil prices. Regional drilling rig utilization was pegged in the low 40% range among Midcontinent contractors and not expected to improve. Although second-quarter 2015 rig pricing was stable within a range of $17,000 to $18,500 for the benchmark 1,500 HP AC Tier I rig, fears are growing among contractors that rates may have more downside in the wake of lower commodity prices. Most work remains well-to-well though some operators are seeking to lock in low rates via term contracts but are not finding much enthusiasm among contractors for the arrangement. Participants in the Hart Energy survey expected pricing to remain flat in the third quarter, but are concerned over the recent decline in oil prices and its impact on Midcontinent drilling. Watch for the next Midcontinent drilling update in October 2015.