Plays Covered: Bakken, Three Forks, Niobrara, Codell, Mancos, Parkman, Turner, Frontier
With stabilizing oil prices and substantial midstream takeaway capacity growth throughout the Bakken and Niobrara regions (and more potentially on the way), producers are itching to start completing their backlog of drilled but uncompleted wells (DUCs). Stacked deep with oil-bearing benches, the Bakken and Niobrara are sleeping shale giants ready to rise. Producers continue to hone their time-tested, efficient processes and squeeze every dollar from their best wells as the market shows signs of hope.
The 2017 DUG Bakken and Niobrara conference and exhibition corrals the regions' top players to participate in profound discussions on the current stamina of the industry and what's next for producers in the Rockies and Northern Great Plains. Get the latest production estimates, learn about increasing deal flows and expanding midstream takeaway capacity, and hear the latest forecasts on commodity prices and CAPEX investment. On March 16th, hundreds of oil and gas professionals will gather to listen to 25+ executive-level speakers and meet with leading exhibitors in Denver.
New for 2017 - Efficient One-Day Format -
This year's conference and exhibition will include a focused, one-day format with a chance to hear from and network with the industry's most sought after executives. Invest in one of the most valuable and informative days of the year, where you'll gain market intel from the region’s top public and private producers.
Update: WTI Crude Oil Rebounds Following Big Inventory Draw [Editor's note: This story was updated from a previous version posted at 7:40 a.m. CT April 26.]Oil prices rebounded from early losses on April 26 after U.S. government data showed a larger-than-expected falloff in crude inventories, which encouraged buying after prices slid for several days on worries that a global crude glut was persisting despite cuts in output by producing countries.U.S. crude prices stayed higher, while Brent edged back into negative territory but off session lows. West Texas Intermediate (WTI) was up 21 cents at $49.77 per barrel (bbl), while Brent crude, the international benchmark, was down 12 cents at $51.98/bbl by 1:06 p.m. CT (18:06 GMT).The U.S. Energy Department said crude stocks dropped 3.6 MMbbl last week, more than double what was expected. The government data was a surprise the day after industry group the American Petroleum Institute said its data showed a build.
Mercuria Ships First Bakken Crude Export To Asia Mercuria Energy Trading SA has shipped the first ever reported export of Bakken crude oil to Asia, according to a shipping document seen by Reuters on April 26, the latest shift in global oil flows as the U.S. seeks to draw down its bloated inventories.The Swiss-based energy trader loaded more than 600,000 barrels (bbl) of Bakken crude, as well as some Mars Sour crude, late March from the Louisiana Offshore Oil Port (LOOP) in Louisiana onto the very large crude carrier (VLCC) Maran Canopus, destined for Singapore, according to the bill of lading and ship tracking data.A company official could not immediately be reached for comment.