Bakken Shale Archives - Page 2 of 2

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

September 12, 2014

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 (94%), conventional oil: 63,608 BOPD (6%). Seventy percent of July production was from 7,862 unconventional Bakken/Three forks wells, and 30%

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

August 28, 2014

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 said in a report today. “In July, monthly average carloadings of oil and petroleum products were near 16,000 carloads per

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

August 26, 2014

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. In the Bakken and Eagle Ford, operators elect to burn its gas rather than stockpile. The exponential increase in drilling

Bakken Crude Poses Lower Risk than other Flammable Liquids: Study

August 6, 2014

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 America. The U.S. Department of Transportation has proposed new rules for tank car design and introduced revisions to train speed

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

August 1, 2014

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 limited comments on the acquisition in their respective Q2’14 conference calls, considering the transaction is not yet complete. KOG spent

Completion Techniques, Reservoir Enhancement on the Minds of Bakken Operators

July 31, 2014

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 five times the rate of any of its competitors. Production in August 2014 is forecasted to surpass 1,100 MBOEPD, trailing

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

July 15, 2014

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 in an April 2014 report. The Bakken is showing no signs of slowing down. At an Energy Information Administration conference in

An E&P Powerhouse Takes Command of the Bakken

July 14, 2014

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 MMBOE Reserves 855,000 Net Bakken Acres (strongest acreage position in the Bakken) 3,460 Future Drilling Locations 21 Active Williston Rigs 1,200+

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

July 3, 2014

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 call as follows: “Liberty’s philosophy is ‘reservoir stimulation, not proppant disposal’. To enhance contact area and conductivity, Liberty generally uses

Premium Content