Bakken
News
August 03, 2016
A unit of Enbridge Inc. and Marathon Petroleum Corp. have agreed to pay a combined $2 billion in cash for a stake in the Bakken pipeline system from an affiliate of Energy Transfer Partners LP and Sunoco Logistics Partners LP.
News
July 21, 2016
The number of dormant crude and natural gas wells in the U.S. stopped growing in the first quarter—and may all but disappear in the nation’s biggest oil field should prices hold steady.
News
June 30, 2016
Triangle USA Petroleum Corp., an oil and gas explorer working one of the largest shale oil reservoirs in North America, filed for bankruptcy with a plan to restructure that will keep its parent company out of Chapter 11.
News
May 25, 2016
The heart of the DJ basin, Weld County, exhibits the most commercial fraclog with an average completion cost per barrel of $4.70, according to a study by Rystad Energy.
News
May 05, 2016
Genscape has launched a daily price assessment for Bakken crude located in the most evolved trading hub in North Dakota. The Beaver Lodge hub is situated between wellhead production and pipeline and rail transportation access from the Williston basin.
News
April 22, 2016
Packers Plus Energy Services Inc. has announced the successful completions of multiple wells in North Dakota’s Bakken formation, using advanced high frac intensity systems, specifically designed for extended reach wells.
News
February 25, 2016
Continental Resources Inc., the shale oil pioneer controlled by billionaire wildcatter Harold Hamm, posted its first annual loss since the company’s public debut in 2007 as crude markets collapsed.
News
February 23, 2016
Nine Energy Service successfully completed its first 50-stage Divert-A-Frac open hole system for a large, global independent operator in the Williston basin.
News
February 17, 2016
Saudi Arabia and Russia have taken the first step to stem the slide in oil prices. There’s just one problem: If they are successful—and that’s a big if—the wildcatters of Texas, Oklahoma and North Dakota are waiting to pounce.
News
January 27, 2016
Three major U.S. shale oil companies have slashed their 2016 capital spending plans more than expected in a bid to survive $30/bbl oil prices, with one of them saying prices would need to rise more than 20% just to turn a profit.
News
January 11, 2016
Tesoro Corp. has closed its acquisition of Great Northern Midstream LLC, a crude oil logistics provider.
News
November 17, 2015
The shale boom in North Dakota has softened to a whisper.
News
November 09, 2015
Fairmount Santrol has reported a successful six-well field trial using its proprietary Propel SSP proppant transport technology. Initial 90-day oil production increased 39% compared with offset wells.
News
October 14, 2015
Summit ESP, an electric submersible pump systems provider, has completed its 5,000th ESP installation during the third quarter of 2015 on a well for Denbury Resources, the CHSU - ML 13-09SH in Bowman County North Dakota at a setting depth of 8,400 ft.
News
October 02, 2015
Encana Corp. wants to ensure the shale-oil boom keeps booming. The Canadian producer is among a growing number of companies that are restricting initial output—a process known as choking back—in basins from North Dakota to Texas.
News
September 09, 2015
Continental Resources is to spend approximately $300 million to $350 million less than its previously approved capital budget for 2015 to better align spending with cash flow at current commodity prices.
News
August 31, 2015
WPX Energy has agreed to sell a North Dakota gathering system for approximately $185 million toa private equity fund managed by the Ares EIF Group, a subsidiary of Ares Management, L.P.
News
August 12, 2015
The lowest crude prices since 2009 might still not be enough to end the U.S. energy renaissance.
News
July 30, 2015
Black Stallion Oil & Gas, Inc. confirms that it will start to execute a detailed exploration program on the 12,233-acre Woodrow Prospect in Teton county, northwest Montana, within the Alberta Basin Bakken fairway.
News
July 29, 2015
Torgrim Reitan, who’s about to take charge of Statoil's U.S. business after serving as CFO since 2011, has one priority: improve profitability by cutting costs.
News
July 02, 2015
Drillers put rigs in U.S. oil fields back to work for the first time since December, driving down crude futures on speculation that an unprecedented retreat from the country’s prolific shale formations is ending.
