Devon Energy, WPX Energy, and Marathon Share Successes

HOUSTON (April 20, 2018) – The 2018 DUG Permian Basin conference agenda is poised to reflect the region’s position as a proving ground for producers seeking to reduce drilling costs, improve technology and expand acreage. The newly expanded second-day of content, now called DUG Technology, will highlight these advancements in sand, water and logistics. The Permian’s leading oil and gas giants are prepped and ready to share their company’s fine-tuned processes and plans May 21-23 at the Fort Worth Convention Center. “DUG Permian Basin will provide operators’ first-hand insight into how they’re improving their EURs and their next steps in driving up those numbers,” said Oil and Gas Investor’s Editor-at-large, Nissa Darbonne. The added DUG Technology program will reveal the latest in water and sand solutions — and current best practices in delivering these downhole to the richest rock.”In an Operator Spotlight, Devon Energy’s Vice President for the Delaware Business Unit, John Raines, will share its forecasts of $2.5 billion of free cash flow through 2020. Devon Energy was among the few listed for generating profitability when oil prices dipped to $35 per barrel and has the attention of many companies for its optimization and rich rocks. WPX Energy’s President & COO Clay Gaspar will tee-off the first day of the conference with an opening keynote featuring the company’s growth in the Delaware. Since its 2015 entry, WPX has grown Delaware production to more than 58,000 boe/d—more than twice that of a year earlier. The first-90-day production from five Lindsay 10-15 pad wells was 576,000 bbl of oil. Gaspar will share more on how the company is making the zones pay. Shortly after Gaspar’s Opening Keynote, Marathon Oil’s Vice President of Resource Plays – South, Todd Abbott, will lead an Operator Spotlight on the company’s portfolio and plan. Marathon Oil’s 2017 Northern Delaware entry bolted onto its already strong resource positions in the Bakken, Eagle Ford, and Midcontinent. The portfolio is now producing some 250,000 net BOE/d. From keynote presentations and operator spotlights to roundtable discussions, DUG Permian Basin conference will host 30+ speakers. Featured speakers include:

  • Steve Pruett, President & CEO, Elevation Resources
  • J. Ross Craft, Chairman & CEO, Approach Resources Inc.
  • Steve Herod, Executive Vice President, Corporate Development, Halcon Resources Corp.
  • Jim Summers, CEO, H20 Midstream LLC
  • Thomas F. Darden, CEO, Wolfcamp Water Partners LLC
  • Hunter Wallace, COO, Atlas Sand Company LLC
  • Greg Garcia, Executive Vice President, Sales & Marketing, Solaris Oilfield Infrastructure Inc.
  • Rhett Bennett, CEO, Black Mountain Sand
  • J. Michael Anderson, President, Layne Water Midstream; Senior Vice President & CFO, Layne Christensen Co.
  • Kevin Fisher, CEO, PropX
  • Ron Gusek, President, Liberty Oilfield Services

For more on DUG Permian Basin, visit DUGPermian.com.
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