Meet, Connect, and Strategize to Get your Piece of the Permian Triple-Play Bonanza!
The Permian Basin is booming, thanks to technological advances that have led to new gushes of crude – and a lack of dry holes for drillers. Stacked formations awash with oil, gas and NGLs – a commodity triple-play – are a bonanza for E&Ps working to develop the basin. The most significant factor driving the current boom is the enormous increase in horizontal drilling, which has only very recently caught up to traditional vertical drilling in terms of rigs and wells.
But Permian producers recently have been forced to sell their oil for around $20 under the US benchmark price – because takeaway capacity is so constricted. The Permian shale boom has also created water and frac sand shortages – in a region already suffering a drought – and requires road upgrades to move supplies to the wellhead. And, new and emerging markets must be assessed, lined up and connected to the Permian in order to ensure production levels can be sustained.
No single market player can unilaterally overcome the many challenges associated with getting crude and NGLs in this region out to market – those challenges must be addressed by all the stakeholders. As E&P’s work to develop more of the basin and optimize production, they are working with OFS providers, pipeline developers, rail and trucking companies, midstream companies and the financial community to build the infrastructure support that is needed to deal to drill cost-effectively and connect wellheads to end markets – at the most optimum prices.
The Permian Development, Infrastructure & Takeaway Summit, March 25-26, 2015, will provide a forum to assess the opportunities and meet with key industry players, bringing together all the stakeholders along the Permian oil and gas value chain. Attend to get up-to-the-minute information and establish key relationships so you can maximize your ROI in this exciting play.
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