Positive Oil News

by Pete Cook, President, Petroleum Connection

A couple of recent articles indicate that there are reasons for optimism in regards to the price of oil and the oil & gas market. In addition to crude oil having its best day since March 2009, two articles comment on the state of the oil market being better than most people think (positive news for today) and good news for the future of the oil patch (Raymond James analysis suggesting it will come “roaring back” in 2017). The situation might not be as dire as it sometimes seems today.

The common knowledge suggests Saudi Arabia is in the driver’s seat in regards to oil pricing, but it has become pretty clear that they cannot afford depressed crude prices long-term. They may be forced to lower their supply to reduce their record deficits (an estimated 20% of their GDP in 2015). Oil in Saudi accounts for about
80% of government spending, so the low prices are really hurting them. Saudi Arabia (and OPEC) may be forced to change their approach. U.S. oil patch continues to produce despite low prices because it needs cash flow. We’ll who blinks first.

Make no mistake, the U.S. oil patch is hurting, but there are reasons for optimism.

AGENDA - NOV 18

  • Frac Sand Equipment Expo Begins 9:00 am
  • Exhibitor Setup for Frac Sand Conference 1:00 pm
  • Frac Sand Equipment Expo Ends 4:00 pm
  • Speaker/Sponsor Reception at Frac Sand Equipment Expo 4:00 pm

AGENDA - NOV 19

AGENDA - NOV 20

  • Networking Breakfast in Exhibit Hall 8:00 am
  • General Sessions with Breaks in the Exhibit Hall 8:30 am
  • Conference Closes 12:00 pm
  • Exhibit Hall Beak Down & Move-Out 12:00 pm
  • Conference Golf Outing 1:00 pm

SPONSOR ADD-ONS

  • Frac Sand Equipment Expo 20'x40' Space $3,500
  • VIP Dinner on November 19th $7,500
  • Coffee Mugs SOLD
  • Notebook SOLD
  • Speaker/Sponsor Reception on November 18th SOLD
  • Conference Mobile App $3,000
  • Day 1 Kick-Off SOLD
  • Day 2 Kick-Off $3,000
  • Lanyard SOLD
  • Networking Lunch on November 19th SOLD
  • Networking Reception Glasses SOLD
  • Day 1 Morning Break (Video ad) $2,500
  • Day 1 Afternoon Break (Video ad) $2,500
  • Day 2 Morning Break (Video ad) $2,500
  • Day 2 Afternoon Break (Video ad) $2,500
  • Case Study 1 $2,500
  • Case Study 2 $2,500
  • Charging Station $2,500
  • Printed Program $2,500
  • Conference Wifi SOLD
  • Golf: Water Bottles SOLD
  • Golf: Hosted Hole (Beverage Station & Contest) $3,700
  • Golf: Hats $3,500
  • Golf: Cigars $3,200
  • Golf: Divot Tools $3,200
  • Golf: Balls $3,200
  • Golf: Towels $3,200

The Frac Sand
Summer Happy Hour

Event Registration – $25