Permian Executives Pack the 2015 Executive Oil Conference
Mark your calendars! The Executive Oil Conference will return to the Midland County Horseshoe Pavilion November 7-8, 2016.
This November, 1,000+ attendees, 50+ exhibitors and 35 sponsors converged in Midland, Texas for Hart Energy's annual Executive Oil Conference. Themed "Permian Powers On," the speaker lineup featured 17 executives and industry leaders who have uniquely informed perspectives on what it takes to succeed in the nation's premier oil province. Attendees had the opportunity to explore profitable business strategies designed for today's market and the latest efficiency-focused technologies.
Preceding the event, attendees engaged in small group discussions during golf tournaments at the Ranchland Hills and Odessa Country Clubs. Following the tournaments, attendees, speakers and local business leaders gathered for the Energy Executive Dinner featuring the Hearst Energy Awards. Award recipients include:
Technology: Hess Corp.
Advocacy: Texas Railroad Commissioner, Christi Craddick
Company Performance: RSP Permian
Environmental Excellence: Approach Resources
Lifetime Achievement: Rosalind Redfern Grover
The conference may be over, but the conversation continues on Storify and Twitter. Find out what other attendees and speakers are saying. We would love to hear about your experience too!
Diamondback’s Viper Energy Strikes Deal For Permian Mineral Rights Almost two years after Diamondback Energy Inc.’s (NASDAQ: FANG) royalty business went public, the subsidiary is back with a series of deals for Midland and Delaware mineral acreage.Viper Energy Partners LP (NASDAQ: VNOM) said July 25 it entered separate agreements with unrelated third-party sellers to acquire mineral rights across 8,137 gross (743 net) Permian Basin acres for about $111 million.The deals equate to $120,000 per net royalty acre adjusted for production, said Gordon Douthat, senior analyst with Wells Fargo Securities. He added the valuation is below current trading levels of $247,000 per royalty acre.
Zargon Oil & Gas Will Sell Southeast Saskatchewan Assets Canada’s Zargon Oil & Gas Ltd. entered into a definitive agreement to sell all of its Southeast Saskatchewan assets for CA$89.5 million cash consideration, the company said July 25.The assets produce 1,211 barrels of oil equivalent per day (boe/d) of low-decline resources, 95% oil and liquids at first-half 2016 rates.There are 5.14 MMboe of proven plus probable reserves, 96% oil and liquids, according to McDaniel & Associates Consultants Ltd. from Dec. 31, 2015.