Home to oil legends and vast fortunes, the Permian Basin is the undisputed capital of the light oil revolution. And the opportunity for legendary profit-making is far from over. Pioneer Natural Resources, who will be featured at this year's opening keynote presentation, estimated in June 2014 it has 20,000+ potential Wolfcamp and Lower Spraberry well locations. That count doesn't include what may be possible from down-spacing or from wells in the Clearfork, Middle Spraberry, Atoka and Woodford layers.
While this world-class play isn't immune to the impacts of current oil markets, it remains a strategic investment for elite producers who are successfully driving breakeven costs down. With layer upon layer of proven resource-rich rock, companies are finding innovative ways economically produce oil in any market.
Why should you spend two days in Midland, TX this November? Because it’s where the oil is! Attend the ONE conference that gives you an in-depth look at activity in the nation's top oil province, and unique perspectives on the entire U.S. oil and gas market. Plan now to join 1,100+ industry executives, managers, capital providers, financiers and analysts, 15+ executive-level speakers and 80+ exhibiting companies November 9-10 in Midland.
See why you can’t afford to miss this year's event >>
WPX Energy Enters Permian Basin With $2.35 Billion Deal
The assets being acquired produce about 22,000 barrels of oil equivalent per day, WPX Energy said.
Worldwide Oilfield Chemicals Market Hits $25 Billion in 2014
However, a study predicts reduced demands for drilling, stimulation and completion chemicals from 2015 to 2019.
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