DUG Rockies: Powder River Basin Projects Strong Outlook
Oil & Gas Investor
The empty stretch of prairie that turned into a bustling spot for unconventional drilling— the Powder River Basin—was the focus of the session during DUG Rockies Conference and Exhibition on May 15. Leaders of exploration and production companies addressed a range of topics from geological composition to future developments of the region.
Industry reports confirm that although the most recent downturn in prices had slowed Powder’s development, ever since prices have improved, key players have been racing for control especially in the southern flank of the play where more than two out of every three wells drilled are horizontal completions.