Post Tagged with: "Bakken Shale"

2016 Budget Cuts Underway as Oil & Gas Majors Slash Billions in Capex

2016 Budget Cuts Underway as Oil & Gas Majors Slash Billions in Capex

CLR, HES, NBL, and WMB Slash Nearly $6.6 Billion in 2016 Plans

Lower year-over-year spending in 2016 was a foregone conclusion for many in the exploration and production space, but the amount of expenditure cuts is noteworthy, no matter how …

Samson Oil & Gas to Secure 50,000 Williston Basin Acres in Transformative Acquisition

Samson Oil & Gas to Secure 50,000 Williston Basin Acres in Transformative Acquisition

Samson Oil & Gas (ticker: SSN) has nearly doubled its output overnight, announcing a $16.5 million acquisition on January 6, 2016. The properties currently produce 720 BOPD from 41 net producing wells and contain proved reserves of 8.5 MMBO as …

Flaring Innovation: An Interview with Brian Cebull, CEO of GTUIT

Flaring Innovation: An Interview with Brian Cebull, CEO of GTUIT

The Bakken Shale and the state of North Dakota are symbols of the hydraulic fracturing revolution, and innovations on hydrocarbon extraction continue to improve the process with each passing day. The technological advances vary across all lines of production, spanning …

October 22, 2015 - 1:31 pm Oil and Gas 360 Articles, Oilfield Services
Industrial Natural Gas Consumption Up 24% Since 2009

Industrial Natural Gas Consumption Up 24% Since 2009

Natural gas expected to continue growth after more than a decade of decline

Industrial use of natural gas is up 24% from 2009 levels of consumption after more than a decade of steady declines. Industrial facilities, including methanol plants and …

July 29, 2015 - 1:26 pm Oil and Gas 360 Articles
Hess Midstream Partners LP One Step Closer to Reality

Hess Midstream Partners LP One Step Closer to Reality

Next Up: IPO

Hess Corporation (ticker: HES) has announced plans for a 50/50 joint venture (JV) consisting of its midstream assets in the Bakken Shale. The company will receive cash consideration of $2.675 billion from its partner, Global Infrastructure Partners

Whiting Petroleum Armed with Improving Costs, Reliable Funding to Weather Downturn

Whiting Petroleum Armed with Improving Costs, Reliable Funding to Weather Downturn

Reports Top IP Rates from Two Williston Wells

Whiting Petroleum (ticker: WLL), the largest producer and acreage holder in the Williston Basin, reported decreasing well costs and increasing production volumes in its Q1’15 earnings release issued on April 29, 2015. …

Will the Drilling Slowdown Allow Williston Infrastructure to Catch Up?

Will the Drilling Slowdown Allow Williston Infrastructure to Catch Up?

North Dakota has been the poster child of the United States shale boom, boasting skyrocketing production, high economic growth rates and miniscule unemployment numbers. The discovery and exploitation of the Williston Basin has increased crude output in the state by …

Whiting Petroleum Announces Increase in Reserves, Credit Commitments

Whiting Petroleum Announces Increase in Reserves, Credit Commitments

Whiting Petroleum (ticker: WLL), the largest producer of the Bakken/Three Forks shale play, announced estimated reserves of 780 MMBOE (83% oil) in a news release on December 22, 2014. The report was independently commissioned by a third party and represents …

Whiting Petroleum Completes $6 Billion All-Stock Acquisition of Kodiak Oil & Gas

Whiting Petroleum Completes $6 Billion All-Stock Acquisition of Kodiak Oil & Gas

Whiting Petroleum (ticker: WLL) is officially the largest producer of the Bakken/Three Forks shale play, following its $6.0 billion purchase of Kodiak Oil & Gas on December 8, 2014. The transaction was first announced on July 13, 2014, and involves …

Emerald Oil “Well Positioned” to Withstand Current Oil Price Environment

Emerald Oil “Well Positioned” to Withstand Current Oil Price Environment

EOX Says Breakeven Price in the Bakken is $55/BOE

Emerald Oil is a pure play Williston Basin E&P with operations targeting the Bakken, Pronghorn and Three Forks shale oil formations. The company averaged production of 3,855 BOEPD in its Q3’14 …

North Dakota is Proposed Site for a $4 Billion Polyethylene Plant

North Dakota is Proposed Site for a $4 Billion Polyethylene Plant

Plant will use Ethane from Natural Gas to Make Consumer and Industrial Plastics

The cutback on flaring the Bakken’s natural gas took another positive step yesterday. A planned plastics manufacturing facility, announced at a press conference in Bismarck, will produce …

October 14, 2014 - 6:37 pm Canada, Oil and Gas 360 Articles
American Eagle Energy: Developing a Sweet Spot in Divide County, ND

American Eagle Energy: Developing a Sweet Spot in Divide County, ND

Bakken/Three Forks Producer Exceeds Production Guidance for Q3 by 40%

American Eagle Energy (ticker: AMZG) found a way to navigate around some backwash from last spring/early summer’s closed county roads in Divide County, North Dakota. At that time the company …

October 6, 2014 - 7:03 pm Midstream, Oil and Gas 360 Articles
A rig site in North Dakota

Another Record for North Dakota: 1.1 Million Barrels of Crude per Day

Flaring decreases to 26%

The State of North Dakota has chalked up another record. July production numbers are in—the state produced 1,110,642 barrels of oil per day in July. The numbers broke down as follows:

  • Bakken/Three Forks Shale:  1,047,034 BOPD
September 12, 2014 - 6:33 pm Fracing, Oil and Gas 360 Articles, Oilfield Services, Regulatory

Rail Deliveries of U.S. Oil Reach Highest Mark Since July 1986

Approximately 2/3 of Bakken crude moves by rail

The amount of crude oil and refined petroleum products moved by U.S. railroads increased 9% during the first seven months of this year compared with the same period in 2013, the EIA …

August 28, 2014 - 4:17 pm Midstream, Oil and Gas 360 Articles, Oilfield Services
There’s a Bottleneck in the Eagle Ford and Bakken, and It’s Burning Before our Eyes

There’s a Bottleneck in the Eagle Ford and Bakken, and It’s Burning Before our Eyes

OAG360 covered the dropping Permian oil prices in a feature article yesterday, as Midland oil spot prices are trading at a $10 discount to West Texas Intermediate. As it turns out, there’s also a bottleneck in two other prominent shales. …

August 26, 2014 - 6:26 pm Midstream, Oil and Gas 360 Articles, Oilfield Services
Bakken Crude Poses Lower Risk than other Flammable Liquids: Study

Bakken Crude Poses Lower Risk than other Flammable Liquids: Study

A number of oil train derailments and resulting fires over the past year in the U.S. and Canada spurred questions about the volatility risk of U.S. Bakken crude oil being shipped by rail from North Dakota to refineries throughout North …

Whiting Petroleum's Production is Growing, Even without Pending Assets from Kodiak Oil & Gas

Whiting Petroleum's Production is Growing, Even without Pending Assets from Kodiak Oil & Gas

Whiting Petroleum (ticker: WLL) is set to become the largest E&P in the Williston Formation once its $6 billion acquisition of Kodiak Oil & Gas (ticker: KOG) is finalized before the end of fiscal 2014. Management teams on both sides …

August 1, 2014 - 5:39 pm Finance, Oil and Gas 360 Articles, Oilfield Services
Completion Techniques, Reservoir Enhancement on the Minds of Bakken Operators

Completion Techniques, Reservoir Enhancement on the Minds of Bakken Operators

The Shale Revolution has transformed the Bakken Shale from an area with production below 200 MBOEPD to the nation’s third largest producing oil field. Its transformation has been a staple of growth in North Dakota – a state growing at

Bakken Update: The Top Five Producers in One of America’s Greatest Oil Fields

Bakken Update: The Top Five Producers in One of America’s Greatest Oil Fields

The Bakken Shale, the third largest regional oil producer in the United States, achieved the 1 MMBOPD milestone in June 2014. The announcement came just months after IHS announced the field had produced a total of 1 billion barrels …

July 15, 2014 - 5:37 pm Midstream, Oil and Gas 360 Articles
An E&P Powerhouse Takes Command of the Bakken

An E&P Powerhouse Takes Command of the Bakken

Whiting Petroleum (ticker: WLL) has announced the acquisition of Kodiak Oil & Gas (ticker: KOG), making the company the largest producer in the prolific Bakken/Three Forks area in the Williston Basin.

COMBINED COMPANY

  • 107,000 BOEPD (Q1 2014) Production
  • 370
July 14, 2014 - 4:54 pm Earnings, Finance, Oil and Gas 360 Articles
$500 Million Retail/Entertainment/Residential Complex Aims to Please Families Flocking to the Bakken

$500 Million Retail/Entertainment/Residential Complex Aims to Please Families Flocking to the Bakken

Swiss real estate developer Stropiq has locked up 430,000 sq. ft. of anchor tenants for its planned 1 million-square-foot, 200+ acre, mixed use complex in the heart of North Dakota’s Bakken oil country. The development, called Williston Crossing, is scheduled …

July 10, 2014 - 12:34 pm Oil and Gas 360 Articles
Liberty’s Slickwater Completions in the Bakken Yield 120% to 200% Production Gains, 2X EURs

Liberty’s Slickwater Completions in the Bakken Yield 120% to 200% Production Gains, 2X EURs

Wells Fargo Equity Research hosted a conference call July 2 with management from privately held Liberty Resources to discuss the slickwater completion technique it has used in the Bakken. In its follow-up research note, Wells Fargo’s E&P team summarized the …

July 3, 2014 - 3:37 pm Earnings, Fracing, Oil and Gas 360 Articles
Emerald Oil Beats Guidance Rates, Adds Acreage to Core Williston Assets

Emerald Oil Beats Guidance Rates, Adds Acreage to Core Williston Assets

Emerald Oil (ticker: EOX) is an independent exploration and production operator that is focused on acquiring acreage and developing wells in the Williston Basin of North Dakota and Montana, targeting the Bakken and Three Forks shale oil formations.

Emerald Oil …

January 24, 2014 - 6:03 pm Oil and Gas 360 Articles