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Since 2016, Vicki Hollub has helped lead Occidental Petroleum through the Shale Revolution and into one of the world’s leading oil and gas companies. She was at the forefront of the industry-shifting purchase of Anadarko Petroleum in 2019, which thrust Oxy into the upper echelons of U.S. shale producers. More recently, Hollub has directed Oxy’s leading position in CCS and Direct Air Capture through its 1PointFive subsidiary. In 2023, she was named to Forbes’ “Most Powerful Women in the World.”

Setting the stage for the DUG Executive Oil Conference, a leading analyst will provide their insight and perspective on the U.S. shale industry, production and pricing trends, what to expect in M&A in the short term and the impacts of a new presidential administration on U.S. energy production.

With more than 745,000 bbl/d of production in the Permian Basin alone, ConocoPhillips is one of the world’s leading energy producers. And the company’s acquisition of Marathon Oil will only enhance ConocoPhillips’ position in the Permian, and globally. In this Operator Spotlight, you’ll hear from an executive overseeing operations in the company’s Delaware Basin position, who will share more about the ConocoPhillips’ position there, operational plans and approach to M&A.

While the likes of Exxon Mobil, Diamondback Resources and ConocoPhillips have made the mega-deals in the Permian Basin, there are still opportunities for small- and mid-cap producers to add inventory. One of the results of large-scale consolidation is the majors shedding non-core assets. In this session, you’ll learn more about the next wave of M&A, what assets might become available after recent major deals, and who the buyers and sellers might be.

Accessing capital is more challenging than ever, but opportunities in the form of family offices, secondary markets and asset-backed securities are emerging for producers. Meanwhile, new funds are being established, ushering the next wave of private-backed producers. This session will cover emerging new capital markets and opportunities to access capital.

Delaware Basin-focused Permian Resources holds over 400,000 net leasehold acres, making them the second-largest pure-play Permian producer. Their $818 million purchase of 27,500 net acres in the Barilla Draw Field from Oxy will only bolster their leading position.

2025 will see a new administration in the White House, and shifts in policies and perspectives from federal administrations. Understanding the current landscape around emissions and reporting policies is critical to operations, and knowing the tax incentives can prove valuable to business.

With WTI prices mostly stabilized, what does that mean for well costs and service pricing? Smart producers are making capital gains via lower breakevens, but costs are still rising in some places.

In the Permian Basin, Tier One acreage located in the core of the core is largely accounted for. And even Tier Two assets are prioritized for development and potential acquisition. Particularly in the Delaware Basin, newer benches like the Meremac Woodford, are being explored and evaluated with potential being high. The First and Second Bonespring are also garnering attention.