Bakken
News
March 20, 2020
One of the most painful busts in the history of crude oil happened just six years ago, when a sharp price drop cost 200,000 industry professionals, almost half the entire workforce, their jobs.
News
March 17, 2020
The reductions to the company’s 2020 capital budget will be primarily achieved by shifting from a six-rig program to one rig in the Bakken, which is expected to be completed by the end of May. Most discretionary exploration and offshore drilling activities, excluding Guyana, will also be deferred.
News
March 09, 2020
The Saudi-Russia oil price war could mark the end of a historic boom that vaulted the U.S. to predominance in world crude production.
News
August 01, 2019
Focusing on offshore Guyana and Bakken shale opportunities is paying off for Hess, who foresee significant production expansion in the coming years.
News
December 12, 2018
Hess Corporation will provide a detailed update on progress in executing its strategy for long term value creation at its Investor Day in Houston. The company’s plans through 2025 are expected to deliver strong performance across the following areas:
News
December 11, 2018
Marathon Oil Corporation has announced encouraging early production results at an important four-well Middle Bakken pad in the company's Ajax area of the Williston Basin in Dunn County, North Dakota.
News
December 10, 2018
Hess Corporation has announced a 2019 E&P capital and exploratory budget of $2.9 billion. Of this, approximately 75% will be allocated to high return growth assets in the Bakken and Guyana.
News
December 10, 2018
ConocoPhillips, the world’s largest independent oil producer, sees shale production growing 25% next year even as crude prices tumble, proving the industry’s resilience in volatile markets, said CEO Ryan Lance.
News
August 22, 2018
U.S. Energy Corp. has announced that it has entered into an exclusive non-binding Memorandum of Understanding to acquire oil and natural gas producing properties targeting the Bakken formation of North Dakota.
News
July 12, 2018
PetroShale Inc. has announced that it has entered into an agreement with an independent oil and gas company to acquire high-quality, light oil-weighted assets in the core of its focus area in the North Dakota Bakken.
News
June 14, 2018
Magnolia Petroleum plc, the U.S. focused oil and gas E&P company, has announced that it has signed a non-binding agreement with a third party for the sale of all its wells in which it has varying interests in North Dakota, being approximately 31 wells, for a total consideration of $1.5 million.
News
February 01, 2018
The Bakken shale is roaring back to life, and Kevin Black sees the evidence almost every day as he looks out the window of his blue Ford F-150 pickup truck.
News
March 28, 2017
Prices for light crude surged after an oil-sands upgrader shut for maintenance and reduced supply caused by preparations to place the Dakota Access pipeline into service.
