Post Tagged with: "Williston Basin"

Source: Reuters

U.S. shale bust slams rural economies as oil checks shrivel

Reuters


DeWITT COUNTY, Texas – Royalties from oil pumped on Paul Ruckman’s land allowed the South Texas retiree to build a six-bedroom, seven-bathroom vacation home. He had plenty left over, and donated some of it to Helena, Texas, an 1800s …

Northern Oil and Gas Founder to Depart

Northern Oil and Gas Founder to Depart

By Tyler Losier, Energy Reporter, Oil & Gas 360

Michael Reger, Northern Oil and Gas president and founder, will leave the company amicably
Northern Oil & Gas (stock ticker: NOG), a non-operating E&P, has announced that Michael Reger, its president,

Conference Spotlight: Williston Basin Presenters

Conference Spotlight: Williston Basin Presenters

By Tyler Losier, Energy Reporter, Oil & Gas 360


The Oil and Gas Conference’s Williston Basin presenters cumulatively produce 633,800 BOEPD

From August 11-14, Oil & Gas 360’s parent company – EnerCom – will host its 24th annual The …

Northern Oil and Gas Provides Q4 2018 Update

Northern Oil and Gas Provides Q4 2018 Update

Northern Oil and Gas, Inc. (stock ticker: NOG) updated its stock repurchase program and provided a general business update with new fourth quarter estimates and hedging information.

Northern has repurchased approximately 12.0 million shares of common stock since October 1,

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Samson Oil and Gas Sells Williston Assets

Upon completion, Samson will be able to retire all of its debt, meet liabilities and retain $6.7 million

Samson Oil and Gas USA, Inc. a subsidiary of Samson Oil and Gas Limited (ASX:SSN and OTCQB:SSNYY), has entered into a Sales …

Courtesy of WPX Energy

WPX Energy: Daily Production 76% Higher than Year Ago

WPX Energy, Inc. (ticker: WPX) reported a net loss of $119 million, or $(0.30) per common share for the first quarter of 2018. Production for the quarter reached 102.7 MBOEPD, a 6% sequential increase over Q4 2017 and 76% higher …

Oasis Petroleum Doubles Down in the Williston Basin

Oasis Petroleum Doubles Down in the Williston Basin

Oasis Petroleum Inc. (ticker: OAS) reported net income attributable to Oasis of $124.6 million in the fourth quarter of 2017. Fourth quarter 2017 results included a benefit of $171.9 million due to the recently enacted Tax Cuts and Jobs Act.…

Whiting Petroleum: 2018 CapEx of $750 Million, 100-Plus Wells Planned

Whiting Petroleum: 2018 CapEx of $750 Million, 100-Plus Wells Planned

Whiting Petroleum (ticker: WLL) has a 2018 capital budget of $750 million, of which $600 million will be invested in Williston Basin operations. The capital budget forecasts a production growth of 9% from Q4 2017 to Q4 2018, with an …

Whiting Petroleum’s $900 Million Q4 Impairment Charge

Whiting Petroleum’s $900 Million Q4 Impairment Charge

According to an SEC 8-K form filed December 7, 2017, the board of directors at Whiting Petroleum Corporation have “concluded that a material charge for impairment to one of its assets was required under generally accepted accounting principles applicable to …

Samson Oil & Gas Reports Improving Differentials in the Williston

Samson Oil & Gas Reports Improving Differentials in the Williston

Samson Oil & Gas lowers differential from $8.00 per barrel to $5.50-$6.50

Samson Oil & Gas (ticker: SSN) announced its quarterly results for the first quarter of 2017 indicating that the company is seeing stronger pricing for its Williston Basin …

Whiting Petroleum Exceeds Production Guidance with 118.9 MBOEPD

Whiting Petroleum Exceeds Production Guidance with 118.9 MBOEPD

Whiting Petroleum stays on target with capex budget while exceeding production forecast

Denver-based Whiting Petroleum (ticker: WLL) announced its fourth quarter and year-end numbers today. The Williston-focused company reported that average production for the fourth quarter averaged 118.9 MBOEPD, above …

SM Energy Closes Williston Divestiture, Bolts-On More Midland Assets

SM Energy Closes Williston Divestiture, Bolts-On More Midland Assets

SM Energy closes $765.8 million Williston Basin divestiture

SM Energy (ticker: SM) announced Thursday after market close that the company has completed its previously announced divestiture of its Williston Basin assets located outside of Divide County, North Dakota to Oasis …

Samson Oil & Gas’ Borrowing Base Gets a Bump Up

Samson Oil & Gas’ Borrowing Base Gets a Bump Up

Samson Oil & Gas: debt reduction, higher borrowing base

Following the closing of the company’s North Stockyard asset sale, Samson Oil & Gas Limited’s (ticker: SSN) outstanding debt has been reduced to $19 million and Mutual of Omaha Bank has …

SM Energy, Oasis Announce $2.4 Billion in Deals

SM Energy, Oasis Announce $2.4 Billion in Deals

SM Energy adds 35,700 acres in the Midland for $1.6 billion

SM Energy Company (ticker: SM) announced Tuesday that it has entered into a definitive purchase agreement to acquire 35,700 net acres in Howard and Martin Counties in West Texas, …

Whiting Pushes IRRs Above 40% with Williston Drilling Agreement

Whiting Pushes IRRs Above 40% with Williston Drilling Agreement

Whiting plans to exit 2016 with 30 DUC wells, as opposed to 74

Last week, Whiting Petroleum (ticker: WLL) announced that it entered into a wellbore participation agreement that will increase the number of completions on the company’s Williston acreage.…

Samson Oil & Gas Announces Hedging and Operations Program for its Foreman Butte Acquisition in the Williston Basin

Samson Oil & Gas Announces Hedging and Operations Program for its Foreman Butte Acquisition in the Williston Basin

Samson Aims to Return 29 Inactive Wells to Producing Status

On April 3, Samson Oil & Gas Limited (ticker: SSN; SamsonOilandGas.com) announced it had closed its planned acquisition of oil and gas assets in Montana and North Dakota—the Foreman …

Whiting Petroleum’s Deep Look at the Bakken-Three Forks Oil Play

Whiting Petroleum’s Deep Look at the Bakken-Three Forks Oil Play

“Whiting’s Wildcatters: Micro Scale, Macro Vision” – An Oil & Gas 360® Exclusive Video Report

Whiting Petroleum Corporation’s (ticker: WLL) geoscience team has taken a macro-approach by taking a microscopic view of the way oil flows through the rocks in …

February 25, 2016 - 4:28 pm Exploration and Production (E&P), Videos
Whiting Petroleum’s Geoscientists are Helping Build a Smarter Oil Company: a Look Behind the Scenes at the Bakken-Three Forks Oil Play

Whiting Petroleum’s Geoscientists are Helping Build a Smarter Oil Company: a Look Behind the Scenes at the Bakken-Three Forks Oil Play

“Whiting’s Wildcatters: Micro Scale, Macro Vision” – An Oil & Gas 360® Exclusive Video Report

It’s a tough market for the oil companies, but Whiting Petroleum Corporation (ticker: WLL) has figured something out.

While oil and gas companies across the …

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 …

Whiting Petroleum Continues Bakken Well Optimizations

Whiting Petroleum Continues Bakken Well Optimizations

30-Day Rates on New Pads Exceeding 1,000 BOEPD

Oil and gas companies are focusing on efficiencies more than ever before, and Whiting Petroleum Corporation (ticker: WLL) continues to progress on its industry-leading acreage in the Williston Basin.

Enhanced completions led …

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
Private Equity Group Snatches Occidental’s Bakken Assets for $500 Million: Reuters

Private Equity Group Snatches Occidental’s Bakken Assets for $500 Million: Reuters

Reuters reports that Occidental Petroleum (ticker: OXY) is leaving the Williston Basin, announcing a $500 million sale with Lime Rock Resources for its 303,000 net acres. The deal, if finalized, equates to just $1,650 per net acre, roughly half of …

Whiting Petroleum: Enhanced Completions Yielding Big Results

Whiting Petroleum: Enhanced Completions Yielding Big Results

Production Uplifts of 40% to 50%

Whiting Petroleum (ticker: WLL), a Denver-based exploration and production company, set a personal record of 170,425 BOEPD (89% liquids) in its Q2’15 earnings release, issued on July 29, 2015. The volumes exceed the …

A rig site in North Dakota

Black Ridge Oil & Gas Secures Equity Joint Venture to Develop Williston Basin

Merced Capital Targets Initial Investment of $50 Million in Its First Oil and Gas Venture

On July 23, 2015, Black Ridge Oil & Gas (ticker: ANFC), a Bakken/Three Forks E&P, announced a $50 million initial target investment from Merced Capital

Whiting Petroleum Raises 2015 Capex by $300 Million

Whiting Petroleum Raises 2015 Capex by $300 Million

Whiting increases capex

Whiting Petroleum (ticker: WLL) announced that it will increase its capital expenditures for 2015 to $2.3 billion, $300 million more than originally planned, on the back of strong well results. According to a company press release, …

An OAG360 Exclusive Interview with Lynn Helms, Director of North Dakota’s Dept. of Mineral Resources

An OAG360 Exclusive Interview with Lynn Helms, Director of North Dakota’s Dept. of Mineral Resources

  • 925 wells on backlog in North Dakota: 6-7 month inventory

  • North Dakota can still reach 2 MMBOPD

By increasing its oil production to record levels, North Dakota’s economy has experienced a complete turnaround in the last handful of years, and …

WPX Energy Boosts Williston Basin Type Curve to 750 MBOE

WPX Energy Boosts Williston Basin Type Curve to 750 MBOE

EUR Increase of 25%

WPX Energy (ticker: WPX), a Tulsa-based exploration and production company with focus areas in the Piceance, San Juan and Williston basins, is preparing to ramp up activity in the second half of 2015. The company announced …

WPX Energy Tacks on Acreage in the San Juan Basin

WPX Energy Tacks on Acreage in the San Juan Basin

WPX Energy (ticker: WPX) added 14,300 net acres to its San Juan Basin asset on June 22, 2015, increasing its overall position in the region to 100,000 net acres. WPX believes it holds 500 gross drilling locations across the Gallup …

Crude by Rail Growing Exponentially

Crude by Rail Growing Exponentially

The EIA’s latest tool for tracking crude shipments by rail shows massive increases in the past five years

The Energy Information Administration (EIA) announced that it will begin providing monthly data on rail movements of crude oil. The EIA …

April 1, 2015 - 1:03 pm Midstream, Oil and Gas 360 Articles
Whiting Petroleum – Done Funded, Drilling Ahead

Whiting Petroleum – Done Funded, Drilling Ahead

Whiting Petroleum (ticker: WLL), the largest E&P producer in the Williston Basin, shored up its balance sheet this week with a series of debt and equity raises. The deals include: