The Powder River Basin (PRB): The resurgence of a true Premium Return Basin (PRB)
The PRB is back on the map again after taking a hiatus from drilling activity due to the commodity price crash in Nov 2014. Rig activity has gone from 1 rig to 16 rigs currently in the basin. Deal activity has also returned to the basin with active BLM leasing and SM Energy’s recent divestiture to Northwoods Energy after a lull in A&D activity since Devon’s acquisition of RKI in 2015. The application of enhanced completions and the latest D&C technology has resulted in eye catching well results on par or better than the Delaware Basin and SCOOP/STACK. The play is also receiving attention from the key public operators (EOG, Devon, CHK, Anadarko) who are leading development of the conventional formations (Turner, Parkman, Frontier, and Shannon) and unconventional plays (Niobrara and Mowry).
The panel will include presentations from Devon, Samson Resources and Anschutz Exploration. They will discuss the successes and challenges that they have faced in the recent PRB “boom.”
Host: Wells Fargo Securities
The popular format of a Business & Social Networking hour followed by an hour long program, including a Q&A session, will begin at 5:00 PM in the Mezzanine.
Register for a Season Pass using the following link: http://www.spegcs.org/events/3697/
Four Seasons Hotel
Houston , Texas 77010