Post Tagged with: "North Dakota"

President and CEO of Panhandle Oil and Gas Resigns

President and CEO of Panhandle Oil and Gas Resigns

By Tyler Losier, Energy Reporter, Oil & Gas 360

Paul F. Blanchard Jr. steps down as president, CEO and director of Panhandle Oil and Gas
Panhandle Oil and Gas (stock ticker: PHX), a mineral and leasehold acreage-focused capital allocator, has

Source: Crestwood Equity Partners

Crestwood Bolsters its Midstream Assets in the Bakken

By Tyler Losier, Energy Reporter, Oil & Gas 360

Commercial operations begin at the Bear Den II processing plant
Crestwood Equity Partners LP (stock ticker: CEQP), a Houston-based master limited partnership, has begun commercial operations at its Bear Den II

Source: QEP Resources

Anvil Capital Partners Provides Funding for Two Companies

By Tyler Losier, Energy Reporter, Oil & Gas 360

Vermilion Cliffs Partners gets $11 million senior secured loan facility
On Monday, Anvil Capital Partners, a private credit special situations lending firm, announced the final close of an $11 million senior

U.S. Shale Oil Output to Rise to Record 8.77 Million bpd in Sept – EIA

U.S. Shale Oil Output to Rise to Record 8.77 Million bpd in Sept – EIA

From Reuters


U.S. oil output from seven major shale formations is expected to rise by 85,000 barrels per day (bpd) in September, to a record 8.77 million bpd, the U.S. Energy Information Administration forecast in its monthly drilling productivity report …

Source: Caliber Midstream

Caliber Midstream Makes North Dakota Acquisition

By Tyler Losier, Energy Reporter, Oil & Gas 360

Caliber Midstream acquires North Dakota assets from American Midstream Partners
Caliber Midstream Holdings L.P., headquartered in Denver, Colorado, has acquired crude oil gathering and transportation assets in McKenzie county, North Dakota

Source: Meridian Energy

New President Joins Meridian Energy

By Tyler Losier, Energy Reporter, Oil & Gas 360

Paul Coppola to serve as president and chief investment strategy officer
Meridian Energy Group, Inc., a company specializing in the development of environmentally-conscious crude oil refineries, has added a new member

Williston Basin - IPAA

KKR and Western Natural Resources Team Up in the Williston

By Tyler Losier
Partnership seeks to acquire assets
Investment firm KKR (stock ticker: KKR) is partnering with Western Natural Resources, with the intention of acquiring and producing undeveloped assets in the Williston Basin. This move is closely aligned with KKR’s

A Look at U.S.A.’s Energy States: Which Are the Best and Worst for Business?

A Look at U.S.A.’s Energy States: Which Are the Best and Worst for Business?

CEOs rank Texas at the top, California at the bottom

Chief Executive magazine has published its newest list of the best and worst states for business. Texas ranked Number One—again. California is Number 50—again.

In the executive summary of

May 16, 2019 - 1:09 pm Closing Bell Story‎, Economy, Jobs
North Dakota to Sue Washington State Over Oil Standard for Rail Shipments

North Dakota to Sue Washington State Over Oil Standard for Rail Shipments

From the Associated Press/O.Canada.com

BISMARCK, N.D. — North Dakota is preparing to sue Washington state over a new Washington law requiring oil shipped by rail through that state to have more of its volatile gases removed, which supporters say would …

May 10, 2019 - 7:28 am Closing Bell Story‎, Energy News, Regulatory
Davis Refinery Permit Upheld by North Dakota District Court

Davis Refinery Permit Upheld by North Dakota District Court

All four appeals were ruled in favor of Meridian
A North Dakota District Court has upheld the Permit to Construct for the Davis Refinery from Meridian Energy Group, Inc. The permit was issued on June 13, 2018 as a Synthetic Minor

January 29, 2019 - 2:47 pm Closing Bell Story‎, Downstream, Oil and Gas 360 Articles
U.S. Becomes World Energy Leader, Surpassing 11 Million Barrels of Oil per Day

U.S. Becomes World Energy Leader, Surpassing 11 Million Barrels of Oil per Day

The rapid growth of oil production from shale combined with returning GOM production have succeeded in making the United States the leading crude oil producer in the world.

The U.S. set a new record for daily oil production at 11.3

November 1, 2018 - 2:05 pm Closing Bell Story‎, Industry Insights, International
Even with 955 DUCs Awaiting Completion, North Dakota has Record Month

Even with 955 DUCs Awaiting Completion, North Dakota has Record Month

Permian and Anadarko Basins are competition for capital and workforce

The North Dakota Industrial Commission’s Department of Mineral Resources has released its production report for the month of May and the NDIC reports new all-time highs.

  • Oil production: 1,244,629
July 13, 2018 - 5:07 pm Closing Bell Story‎, Oil and Gas 360 Articles
North Dakota Remains Stable

North Dakota Remains Stable

Takeaway capacity more than adequate: Helms

North Dakota’s April oil and gas production report was released and indicates that production and rig count is up thanks to stabilized WTI oil prices between $45 and $60/barrel.

Lynn Helms of the North …

Whiting Petroleum to Present at EnerCom’s The Oil & Gas Conference® August 19-23, 2018

Whiting Petroleum to Present at EnerCom’s The Oil & Gas Conference® August 19-23, 2018

Produced 127 MBOEPD in Q1

Whiting Petroleum Corporation (ticker: WLL) is an independent exploration and production company focused on an oil asset base in North Dakota’s Williston Basin. Headquartered in Denver, Colorado, Whiting is one of the largest crude oil …

PetroShale Doubles Production in the Bakken/Three Forks

PetroShale Doubles Production in the Bakken/Three Forks

Bakken-focused PetroShale Inc. (ticker: PSH) released financial and operating results for the year-ended December 31, 2017. Production averaged 2,121 BOEPD in the fourth quarter and 2017 production averaged 2,445 BOEPD, an increase of 50% over 2016.

Financially, PetroShale reported 2017 …

EOG Resources, Mountrail County, North Dakota.

North Dakota Produced 1.2 MMBOPD in Feb.; N.D. Gas Production Hit All Time High at 2.1 Bcf per Day

North Dakota’s State Industrial Commission has released new production numbers for 2018, covering the months of January and February.

In January the state produced 36.6 MMbbls of oil, or 1.2 MMBOPD, and 64,226,435 Mcf, or 2,071,820 Mcf/day.

February was another …

Warburg Pincus Earmarks $300 Million for New Permian E&P

Warburg Pincus Earmarks $300 Million for New Permian E&P

Ridge Runner Resources, LLC is a new E&P focused on the Delaware Basin

The new company has received a line of equity financing of up to $300 million from funds affiliated with Warburg Pincus. The company will be led by …

Flaring Rules Sting North Dakota Producers, but New Processing Capacity is Coming to the Rescue in 2018

Flaring Rules Sting North Dakota Producers, but New Processing Capacity is Coming to the Rescue in 2018

Remember the Bakken boom? It may have been subjugated to the backseat behind the Permian with respect to oil industry activity and media coverage, but it’s still producing like crazy.  The EIA ranks North Dakota second in the U.S., producing …

North Dakota Producing Almost 1.2 Million BOPD

North Dakota Producing Almost 1.2 Million BOPD

North Dakota production set new records in 2017 even though the rig count has gone down. At least 1.18 million BOPD was produced in October and November. North Dakota gas production hit new highs in November as well – over …

A Boost for the Bakken

A Boost for the Bakken

Demand for Bakken oil: Bakken appears to be emerging as a new export grade of crude

In a webinar hosted by Argus Media this week, Argus VP Jeff Kralowetz said something interesting with respect to his company’s analysis of the …

Oil and Gas Activity Up in North Dakota

Oil and Gas Activity Up in North Dakota

13,981 producing wells is another new all-time high

The North Dakota Industrial Commission released its oil and gas production report, covering oil and gas activity for June and July of 2017.

The production of oil and gas has increased …

September 15, 2017 - 4:19 pm Closing Bell Story‎, Oil and Gas 360 Articles
Buckhorn Energy: Helping XTO Cut Costs for Bakken Water Disposal

Buckhorn Energy: Helping XTO Cut Costs for Bakken Water Disposal

Buckhorn Energy to build, own and operate disposal system in McKenzie County; looks to Permian for expansion

Colorado-based Buckhorn SWD Solutions, LLC, announced last week that the company has entered into a service agreement with XTO Energy (ticker: XTO) to …

North Dakota tells Court Fed Flaring Rule “Runs Roughshod” Over its Sovereign Interests

North Dakota tells Court Fed Flaring Rule “Runs Roughshod” Over its Sovereign Interests

North Dakota has a unique split estate configuration that complicates oil and gas rule making

Last week, on the eve of the U.S. holiday, North Dakota joined Wyoming and Montana in a legal petition filed against the federal government’s final

November 28, 2016 - 4:26 pm Closing Bell Story‎, Law, Oil and Gas 360 Articles, Regulatory
North Dakota Production Falls in August, Drilling Increases

North Dakota Production Falls in August, Drilling Increases

Department of Mineral Resources report shows production in North Dakota fell approximately 58.5 MBOEPD in August

The slow rise in oil and gas prices has not been able to stop the continued decline of production in North Dakota, according to …

Enerplus Corporation – Day One Breakout Notes

Enerplus Corporation – Day One Breakout Notes

Enerplus presents at EnerCom’s The Oil & Gas Conference®

During Enerplus’ breakout session, management was asked the following questions:

  • You said that you currently have 20 years of inventory to drill. What would your drilling plan be at $70 oil?
Whiting Petroleum – Day One Breakout Notes

Whiting Petroleum – Day One Breakout Notes

Whiting Petroleum presents at EnerCom’s The Oil & Gas Conference®

During Whiting’s breakout sessions, management was asked the following questions:

  • For a well with high cumulative production in the first 90 days what is the average sand loading? Change in
North Dakota Mineral Resource Director, Texas Railroad Commission Chairman Call EPA Regulations into Question

North Dakota Mineral Resource Director, Texas Railroad Commission Chairman Call EPA Regulations into Question

Lynn Helms, David Porter, others testify in front of House Committee about the effects of the EPA’s 3,900 rules on industry, states, jobs since 2009

Lynn Helms, director of the Oil and Gas Division of the North Dakota Department of …

Donald J. Trump’s Energy Policy

Donald J. Trump’s Energy Policy

Trump’s energy message is job-focused; presumed Republican candidate says he intends to remove barriers that block the development of America’s energy resources

In a campaign speech in North Dakota last week, presumed Republican presidential nominee and real estate developer Donald …

A rig site in North Dakota

North Dakota Likely to Exit 2016 Below 1 MMBOPD

Lynn Helms gives insight on North Dakota oil patch

During a conference call yesterday, Lynn Helms, director of North Dakota’s Department of Mineral Resources, told reporters that production in the state will likely fall below the 1 MMBOPD mark by …

The Six States Being Hammered Hardest by Lower Oil Prices

The Six States Being Hammered Hardest by Lower Oil Prices

Lower severance taxes are severely squeezing budgets in oil producing states, some to “revenue failure”

Severance taxes on oil and gas extraction make up a significant portion of the budgets of a number of states in the U.S., but the …