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 the Department of Mineral Resources. The department released its Director’s Cut for October, which covers production data from August, which
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? What are you thoughts on the dividend? Why did you keep the dividend at such a high level and then
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 sand loading? How long does it take for changing sand loads to make their way into financial results? How much
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 Mineral Resources, testified before the House Committee on Energy and Commerce – Subcommittee on Energy and Power to discuss the effects
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 J. Trump laid out his energy plan for the country. Trump’s characterization was that his plan represents “energy reform that creates trillions in new wealth.” Below are
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 end of this year. Assuming crude oil prices remain relatively the same next year, North Dakota production could go
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 rapid decline of prices since November of 2014, has put several of those states in a bind as they prepare
Flaring volumes remain steady as production rises; flaring less than 22% of NatGas may not happen anytime soon North Dakota has been working to lower the percentage of the natural gas flared inside the state, with a goal set to lower the percentage of flared natural gas to just 15% by the end of first-quarter 2016. Historically, North Dakota flared
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 from operations at the wellhead to lab research at the company headquarters. Among the innovators is GTUIT®, LLC, a privately
925 wells on backlog in North Dakota: 6-7 month inventory North Dakota can still reach 2 MMBOPD Lynn Helms, Director of North Dakota DMR Photo Credit: Prairie Biz By increasing its oil production to record levels, North Dakota’s economy has experienced a complete turnaround in the last handful of years, and the Williston Basin is due the majority of the
Utah energy advisor says new regulations are legally and pragmatically faulty Utah’s Governor Gary Herbert announced that his state will be joining North Dakota, Colorado and Wyoming in their lawsuit against new federal rules regarding new hydraulic fracturing regulations on federal lands. OAG360® spoke with both Gov. Herbert and his energy advisor, Cody Stewart, about the matter recently. Stewart told
Production up almost 4 million barrels month over month The North Dakota Department of Mineral Resources (DMR) reported production in the state was up 3.9 million barrels in the month of March. The DMR released its preliminary March numbers last week, showing production continues to grow despite falling rig counts. According to the DMR, March oil production reached 36.91 MMBO,
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