Opening Plenary Session: Defying World Expectation by Doing More With Less
Production from unconventional plays catapulted the U.S. into a leading global supplier and threatened OPEC dominance. The Cartel’s first reaction was unwillingness to cut oil production, which led directly to the collapse in oil price in late 2014. This was a calculated effort to stop the unconventional insurgency. Indeed, the lower-for-longer price environment has dramatically impacted our industry — but in a way OPEC did not foresee. U.S. unconventional players are true entrepreneurs using application of technology innovations and cost improvements to disrupt the expected demise of the unconventional industry.
Our distinguished plenary speakers will discuss how unconventional operators can quickly respond to dynamic price changes and are capable of drilling and producing profitably even when the price of oil is relatively low, thus defying world expectations by doing more with less.
||Monday, 24 July
||8:30 a.m.–10:00 a.m.
||Austin Convention Center
||Included with registration
Senior Vice President for U.S. Onshore, Statoil
President, North America Shale, BHP Billiton
Executive Vice President, Unconventionals, Shell