Reports DRILLING TECHNOLOGY 42 | COVER STORY The Permian Basin's stacked pay zones place it among the best liquids-rich real estate on the planet. As companies step up 2017 activity levels they continue to redefine best practices to improve drilling and completion performance, from one well and pad to the next. by Al Pickett 52 | Geomagnetic Referencing Optimizes Lateral Spacing by Shawn DeVerse and Stefan Maus 58 | Planning Key in Extended-Reach Bakken/Three Forks Wells by Neil McRobbie, Vakkeyil Naveen Nair and Paul Bitzan 64 | New Bit Designs Improve Drilling Economics by Colter Cookson MARKET IN MOTION 34 | Market Update: Ingenuity Frames Resource Play Resurgence by Allen Gilmer INDEPENDENTS' GUIDE TO OTC 76 | Offshore Technology Conference Schedule of Events 78 | New Technologies, Networking Events in Spotlight by Tim Beims 83 | Special Events Highlight Technical Sessions OFFSHORE & GULF OF MEXICO 86 | Cascade Field Offers Insights for Future Lower Tertiary Projects by Flavio Dias De Moraes, Ziad Haddad, Mauro Roberto Becker and Nhom "Vince" Nguyen 94 | Lease Sale 247 Generates $315 Million in High Bids DEPARTMENTS 12 | Oil & Gas Counts 14 | Industry Digest 138 | Computer Currents 9 140 144 146 | | | | Calendar Industry Focus Classified Advertising Advertisers Index COLUMNS 21 | Tech Connections 23 | Washington Watchhttp://www.aogr.com