Executive Oil Conference
November 9-10, 2015
Midland, Texas
Midland County Horseshoe
Arena & Pavilion
Register Featured Sponsors
Tudor Pickering HoltNetherland, Sewell & Associates (NSAI)
Energy Spectrum
Hosted By
Oil and Gas InvestorPetroleum StrategiesHart Energy

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.

 

News

US Oil Rigs Get Hammered For 12th Straight Week
U.S. oil explorers idled rigs for the 12th straight week, extending the steepest dropoff in drilling on record as crude prices headed for a second week of losses, Bloomberg reported Feb. 27. Rigs targeting oil in the U.S. fell by 33 to 986, dropping below 1,000 for the first time since June 2011, Baker Hughes Inc. (NYSE: BHI) said on its website Feb. 27. Those seeking gas dropped by nine to 280, the Houston-based field services company said. The total U.S. count declined by 43 to 1,267, including a miscellaneous rig. The U.S. has lost more than a third of its oil rigs over four months in an unprecedented retrenchment in drilling that threatens to bring the nation’s shale boom to a halt as early as this year. Collapsing oil prices have already wiped out thousands of U.S. jobs and dried up more than $86 billion in capital spending as domestic producers face stiff competition from suppliers abroad.

Industry's Downturn Extends to Gas-Directed Plays
The activity decline impacting the nation’s oil plays has now come to gas-directed plays like the Marcellus as demand for drilling services falls, pricing decreases and rigs lay down in a rapidly deteriorating market.