updated Fri. July 12, 2024
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Chron.com
February 3, 2018
After a three-year slump in Bakken shale-oil production, he says the resurgence is unmistakable. "There is really no room for hesitation or pessimism in the oil business if you want to be successful," he said. "If the price is there, and the market is there, operators and service providers are going to go for it.".
Natural Gas Intelligence
February 2, 2018
Management provided more color about U.S. operations, particularly from unconventional targets in the Delaware and Midland, as well as the Bakken Shale. “Our total production from the Delaware, Midland and Bakken basins is now about 200,000 boe/d,” ExxonMobil's investor relations chief JeffÃÂ ...
Platts
January 29, 2018
The assay, based on a sample taken December 8, shows Bakken to be 42.9 API and 0.17% sulfur. The crude had a total acid number of 0.04 mgKOH/g, nickel at 1.4 ppm and vanadium at 3.8 ppm. (The full assay is available at https://www.statoil.com/en/what-we-do/crude-oil-and-condensate-assays.html.)
northamericanshalemagazine.com
January 19, 2018
Bakken oil production is back to a record breaking pace. Lynn Helms, director of North Dakota Department of Mineral Resources Oil and Gas Division said during his recent monthly update that by mid-2018—or sooner—North Dakota will meet or surpass 1.2 million barrels of oil produced per day.
E&E News
January 17, 2018
BAKKEN SHALE. N.D. sees cautious optimism as oil production improves. Mike Lee, E&E News reporter. Published: Wednesday, January 17, 2018. North Dakota's oil production could hit a record by the end of the year, and the state's top energy regulator gives much of the credit to the Trump administration.
CNBC
January 16, 2018
Another Texas shale oil region, the Eagle Ford, is expected to chip in growth of 15,000 barrels a day. Production from North Dakota's Bakken shale is set to grow by 8,000 barrels a day, while output from the Niobrara shale underlying Colorado and neighboring states will rise by 6,000 barrels a day, EIAÃÂ ...
Longview News-Journal
January 14, 2018
The number of rigs drilling for oil in the U.S. — from the Gulf of Mexico to the Permian Basin in Texas to the Bakken shale in North Dakota — is less than half the count in the middle of 2014, when the crude market crash began. And yet, America is set to rival Saudi Arabia and Russia with productionÃÂ ...
E&P
January 3, 2018
The Bakken was one of the first shale plays in which operators began extensively applying unconventional drilling techniques. Completions data from firsthalf 2017 indicate that although lateral lengths have changed relatively little over the past year, operators have continued to push the limits on proppantÃÂ ...
Market Realist
January 2, 2018
The Bakken Shale is Hess's (HES) major growth engine. The company holds more than 0.5 million net acres in the core of the play. In the company's 3Q17 earnings conference call, management noted that it has the capacity to grow production to approximately 175,000 boepd (barrels of oil equivalent perÃÂ ...
Williston Daily Herald
December 21, 2017
Shale plays are set to break production records next year, according to the latest forecast from the U.S. Energy Information Administration. The bright outlook includes a prediction that the Bakken will exceed its peak 2015 production, although North Dakota Mineral Resources Director Lynn Helms said thatÃÂ ...
Seeking Alpha
December 20, 2017
The report also sends a warning with regard to the supply growth potential of the U.S. shale oil industry as a whole. Indeed, among major U.S. resource plays, the Bakken has been a laggard in terms of drilling activity. In 2017, the Williston rig count averaged just 45 rigs drilling horizontally, according toÃÂ ...
Seeking Alpha
December 18, 2017
The North Dakota Department of Mineral Resources cited the OPEC supply cut agreement and global economic growth as responsible for the rise. No doubt those were contributors. However, the biggest factor may be the additional 470,000 bpd of incremental Bakken shale exit capacity provided by theÃÂ ...
E&E News
December 18, 2017
BAKKEN SHALE. N.D. sees record 78,000-barrel-a-day jump as oil prices recover. Mike Lee, E&E News reporter. Published: Monday, December 18, 2017. North Dakota booked its biggest ever jump in monthly oil production and the state could return to peak production if prices continue recovering from their 3-year-oldÃÂ ...
CNBC
December 31, 1999
Continental Resources CEO Harold Hamm says North Dakota's Bakken shale has bounced back "stronger than ever" from a dip in production during an oil price slump. Some critics say the best days are behind the Bakken, one of several major U.S. shale oil and gas regions. Technological improvementsÃÂ ...
northamericanshalemagazine.com
December 31, 1999
ONEOK Inc. has announced plans to invest $1.4 billion in a new pipeline and related infrastructure that will increase the take-away capacity of natural gas liquids (NGL) from the Rocky Mountain region to the company's Mid-Continent NGL facilities. Based in Tulsa, Oklahoma, ONEOK said the 900-mile-longÃÂ ...
Seeking Alpha
December 31, 1999
Hess is the largest acreage holder and one of the leading operators at the core of the Bakken Shale. The company typically gets more than a third of its total production from the Bakken Shale. It also has significant offshore operations, mainly in the Gulf of Mexico and Malaysia, which generate strong levelsÃÂ ...
northamericanshalemagazine.com
December 26, 2017
U.S. midstream companies operating in the Bakken, Marcellus and other shale plays will get a substantial lift from incremental crude oil and natural gas production in 2018, according to a new report from East Daley Capital (EDC). The Centennial, Colorado, energy assets research firm's report indicates thatÃÂ ...
CNBC
December 18, 2017
America's shale drillers are poised to ring in the new year with strong growth in the U.S. oil patch, according to the latest forecast from the Department of Energy. Crude oil production from seven major shale regions is set to grow by 94,000 barrels a day in January, the department's U.S. Energy InformationÃÂ ...
E&E News
December 18, 2017
BAKKEN SHALE. N.D. sees record 78,000-barrel-a-day jump as oil prices recover. Mike Lee, E&E News reporter. Published: Monday, December 18, 2017. North Dakota booked its biggest ever jump in monthly oil production and the state could return to peak production if prices continue recovering from their 3-year-oldÃÂ ...
northamericanshalemagazine.com
December 12, 2017
Oasis Petroleum is no longer a pure-play Bakken producer. Through its acquisition of 20,300 net acres in the Delaware Basin, the Oasis team now has operations in the core acreage of the leading U.S. shale oil plays. For $483 million and 46 million shares of common stock, Oasis will purchase ForgeÃÂ ...
OilPrice.com
December 11, 2017
Federal geologists will lead a push to reevaluate the total amount of recoverable oil near North Dakota's Bakken formation, according to the state's Senator John Hoeven. Hoeven requested the new analysis from the U.S. Geological Survey in an attempt to attract new investors to the shale play. The surveyÃÂ ...
northamericanshalemagazine.com
December 5, 2017
In October, Continental Resources Inc. chairman and CEO Harold Hamm said the export of 1 million barrels of Bakken crude to China was “the first of many similar transactions.” That proved to be the case in November when the Oklahoma City-based company announced that it was exporting anotherÃÂ ...
Newstalkkgvo
December 5, 2017
A recent decision by OPEC to continue cuts to oil production will likely lead to more activity in the Bakken. ... the U.S. rig count, certainly a measure of how many rigs are drilling for oil, rose again: that is certainly helping U.S. oil companies and that means there will be more shale oil coming to the market.".
northamericanshalemagazine.com
December 5, 2017
Chedsey says GTUIT is busy and committed to expanding in North Dakota's Bakken shale play and the DJ Basin in Colorado where—despite investments in new infrastructure by midstream pipeline companies—they remain behind producers' ability to drill and complete wells that produce more gas.
Frederick News Post
December 3, 2017
Extrapolating from field studies Montgomery and his colleague Francis O'Sullivan conducted in North Dakota's Bakken shale deposit, the research suggests that total U.S. oil and natural-gas production from new wells could undershoot the EIA estimate by more than 10 percent in 2020. Things would get ...
High Country News
November 27, 2017
Over a million barrels a day flowed from the Bakken shale. The oil boom also overlapped with the state's most beautiful and rugged region: the Badlands. It was to these Badlands that a young Theodore Roosevelt fled in 1884 to mourn the deaths of his wife and mother. In the wide-open spaces of western ...
Oil and Gas Investor
November 21, 2017
Earthstone Energy Inc. (NYSE: ESTE) is ditching its nonop position in the Bakken Shale as the company continues to narrow its focus on the “highly economic” Midland Basin, Earthstone said Nov. 20. The Woodlands, Texas-based company agreed to sell all of its Bakken assets for about $27 million in cash ...
Natural Gas Intelligence
November 17, 2017
Drilling productivity in the Bakken Shale, which is producing more than 1 million b/d of light sweet crude oil, is a byproduct of geology and the fact that North Dakota operators are further along the learning curve than in other U.S. onshore plays, according to the state's top oil and gas regulator. Even in just ...
OilPrice.com
November 8, 2017
Crude oil production in the Bakken shale in North Dakota has been experiencing some major challenges lately, but it is firmly on the growth path, said the state's Department of Mineral Resources Director Lynn Helms in an interview for S&P Global Platts. Helms identified as the biggest challenges growing ...
Oil and Gas Investor
November 6, 2017
Shale producers are also proving they can drive output higher even after ... (NYSE: WLL), which operates in North Dakota's Bakken Shale, ...
Natural Gas Intelligence
November 6, 2017
North Dakota's Bakken Shale will experience 10% growth in oil and natural gas activity next year, with steady but more moderate growth in the ...
Natural Gas Intelligence
November 3, 2017
WPX Sticking with Bakken, Permian Development in 2018 ... of years, remains committed to the Bakken Shale, executives said Thursday during ...
Journal of Petroleum Technology
November 1, 2017
The unconventional-resources boom started with the gas-producing Barnett Shale but quickly turned to the oil-prone Bakken/Eagle ...
OilPrice.com
November 1, 2017
By Osama Rizvi - Oct 31, 2017, 6:00 PM CDT Bakken ... Recently, there have been concerns regarding U.S. shale producer's profitability and growth, but the ...
Seeking Alpha
November 1, 2017
Paradigm shift is where US shale producers shift the business model ... in the production per well figures for Permian, Eagle Ford and Bakken.
Seeking Alpha
November 1, 2017
In 2009, in the aftermath of a large financial crisis, U.S. shale oil from the Bakken and then the Eagle Ford Shale began to flow in earnest.
Natural Gas Intelligence
October 31, 2017
In addition, the Niobrara formation and the Bakken Shale “should see renewed interest once the industry feels comfortable in the durability of ...
northamericanshalemagazine.com
October 24, 2017
Companies in North Dakota's Bakken shale play can use the simulator for workforce training on the UND campus. “I'm very proud to look ...
northamericanshalemagazine.com
October 24, 2017
In the U.S., Hess is mainly focused on the Bakken shale and the Gulf of Mexico with a small presence in the Utica shale play. Following the ...
northamericanshalemagazine.com
October 24, 2017
One million barrels of Bakken crude headed to China ... "This new normal was created by the American shale energy revolution and the lifting ...
Nasdaq
October 23, 2017
Hess is among the leading producers of crude in the Bakken oil shale play in North Dakota. The company has interests in the best areas of the ...
Williston Daily Herald
October 19, 2017
Continental Resources Inc. has made its first-ever sale of Bakken oil for delivery ... “This new normal was created by the American shale energy ...
Seeking Alpha
October 16, 2017
At the same time, shale oil drilling in North America is steadily ... in the Bakken shale and is even still one of the bigger shale oil producers.
CNBC
October 16, 2017
U.S. oil output from several shale regions will increase by 81,000 barrels a ... North Dakota's Bakken shale should grow output by about 8,000Â ...
Duluth News Tribune
October 12, 2017
That's the conclusion of analysts who say North Dakota's Bakken shale play will continue to lag the drilling surge in Texas and Oklahoma, ...
northamericanshalemagazine.com
October 10, 2017
Calgary artificial lift firm to expand into Bakken, Permian ... efforts, Raise Production will now be serving more Bakken and Permian clients.
OilPrice.com
October 9, 2017
What makes the profitability for the Bakken challenging are the number of ... One good way to understand the profitability of shale oil wells is to ...
Wahpeton Daily News
October 5, 2017
Lindberg is director of Bakken Backers, a coalition of citizens, workers, ... She also exhibited “Bakken shale,” as well as other oil-containing ...
Natural Gas Intelligence
September 28, 2017
A bullish picture of Bakken Shale development driven by technology advances and innovation was laid out this month at the annual meeting of ...
Grand Forks Herald
September 27, 2017
If you take the shale rock stars — Bakken, Permian, and Eagle Ford (total of 5.0 million bopd) — out of the picture, the US produces more than 1Â ...
