Offshore Executive Conference
November 19, 2015
Houston, Texas
The Westin, Memorial City
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Offshore Executive Conference: Gulf of MexicoThe Westin Houston, Memorial City

OEC Fact Sheet

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Offshore Executive Conference: Gulf of Mexico
Fact Sheet

Adapt to Today, Build for Tomorrow

Whisper it quietly: The Gulf of Mexico remains the long-term 'must have' asset in virtually every major operator's portfolio. Production is still rising with several major deepwater projects recently on- stream and at least six more due to flow this year. Still, technological, operational and economic challenges lie ahead. The industry is responding with new collaborative alliances, partnerships and joint ventures, for greenfield developments as well as for operational efficiency from existing facilities and brownfield production enhancement.

This November, the Offshore Executive Conference: Gulf of Mexico will unite 250+ offshore oil and gas executives in Houston for an in-depth look at how to succeed in the current market and position your company for growth in the coming years. Don't miss this once-a-year chance for a day filled with in-depth industry coverage and exclusive networking opportunities.

Secure your seat to this must-attend event today!

News

ExxonMobil: Well Offshore Guyana Confirms ‘World-Class’ Oil Discovery
Drilled to 5,475 m in 1,692 m of water, the Liza-2 well encountered more than 58 m of oil-bearing sandstone reservoirs in Upper Cretaceous formations.The significant find is an exploration bright spot in what have been tumultuous times for the E&P sector.

Permian Boosts Sand Demand With Longer Laterals
Sand use and proppant volumes are rising in the Permian as operators push lateral length in the Delaware Basin.Operators appear to be de-emphasizing Bone Spring targets in Lea and Eddy counties, N.M., and emphasizing Wolfcamp Shale targets utilizing longer laterals in Culberson, Loving, and Reeves counties, Texas.Otherwise, operators remain committed to slickwater plug and perf for the time being as the most cost effective way to convert hydrocarbon reserves to production.In some cases sand volume has increased to 16 million pounds per lateral, or more than 1,800 pounds per linear foot on extended reach laterals.Overall, sand use grew to 12.5 million pounds per lateral in Hart Energy’s Heard In The Field survey. This is a sharp jump vs. 90 days ago among survey participants.Other than rising sand volumes and an increase in linear gel for longer laterals, completion techniques remain similar to the last survey 90 days ago.The preferred recipe overwhelmingly involves slickwater plug and perf on stage spacing of 200 feet to 250 feet with four perforation clusters and anywhere from 1,200 to 2,000 pounds per linear foot of sand as proppant.Survey respondents anticipate a return to batch completions as the industry recovers. Indeed, zipper fracks grew from 35% of completions 90 days ago to 41% in the current survey and are expected to rise as a share of completion activity if commodity prices hold firm.Watch for the next Heard In The Field report on the Permian Basin downhole completions market in September.