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Three Forks, Halcon and Oasis stand out in Bakken stats - 06/14/2015
For a second consecutive week, a majority of the top 10 initial production volumes reported for Bakken petroleum system wells in North Dakota are from wells producing in the Three Forks formation ― seven of the top 10 IPs reported for the week coming from first bench Three Forks wells.
Leading....
Hess sells 50 percent interest in Bakken midstream assets - 06/14/2015
Hess Corp. has added its Bakken midstream assets to the list of those it is or has monetized over the last three years as part of its transition to a pure-play exploration and production company. For two years Hess Corp. has been discussing plans to sell partial interest in the Bakken midstream asse....
Dakota Prairie begins sales as MDU moves on marketing Fidelity - 06/14/2015
MDU Resources announced in early June that the Dakota Prairie refinery at Dickinson began its first diesel product sales on May 15. At the same time, MDU said it was moving forward with a previously announced plans to market its upstream subsidiary Fidelity Exploration and Production.
The Dakota Pra....
WPX looking to hire amidst oil production growth - 06/14/2015
WPX Energy's aim to increase oil production five-fold and triple the company's overall value by 2020 is taking shape.
Toward that end, the company announced a recent Pennsylvania Marcellus Shale sale on May 27 that adds $200 million to its balance sheet and reduces cash outlays, releasing the compan....
Penalties and reduced payments come with greater explanations - 06/14/2015
Gov. Jack Dalrymple wants a sense of greater transparency from the North Dakota Industrial Commission regarding fines imposed on oil and gas operators.
At a June 10 meeting of the commission, the state's Department of Mineral Resources presented its fourth quarter 2014 report outlining 22 complaints....
Sandpiper gains one of two Minnesota approvals - 06/14/2015
Enbridge's Sandpiper pipeline achieved a victory in Minnesota when the state's Public Utilities Commission approved its certificate of need, but an approval for the route is likely to be subject to some changes.
The PUC voted 5-0 June 5 to conditionally endorse the $2.6 billion pipeline which would....
North Dakota leads nation in GDP growth - 06/14/2015
North Dakota has led the nation in economic growth in recent years, and last year was no exception. The U.S. Bureau of Economic Analysis said June 10 that the state ranked first in the country for gross domestic product, a measure of total economic production, increasing by 6.3 percent. The largest....
Emerald backs away from stock offering while reiterating guidance - 06/14/2015
In mid-May, Bakken operator Emerald Oil announced a public offering of $150 million in the company's common stock, only reverse that decision a week later.
Emerald had planned to use the proceeds to fund an acquisition of approximately 10,750 net acres in the Delaware Basin in New Mexico. The Delaw.... |
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Fracking found to be a low risk for contaminating drinking water - 06/14/2015
A study by the U.S. Environmental Protection Agency finds that the hydraulic fracturing hasn't had “widespread” impacts on drinking water.
EPA released a draft assessment June 4 of the potential impacts to drinking water resources from hydraulic fracturing. EPA initially focused on whether the chemi....
PetroShale further boosts production and pro forma reserves - 06/14/2015
Following a series of acquisitions in 2014, Calgary-based Bakken non-operator PetroShale reported first quarter production of 757 barrels of oil equivalent per day, an increase of 46 percent over the fourth quarter and an increase of 356 percent over the first quarter of 2014. For the quarter, Petro....
Future uncertain for Bakken junior Mountainview Energy - 06/14/2015
Montana-based Mountainview Energy posted a series of losses in 2014 and into the first quarter of 2015 forcing the Bakken junior to restructure.
At the end of the first quarter, Mountainview reported a deficit of $76.9 million and a working capital deficit of $74.7 million. The company says its int....
North Dakota to testify against federal hydraulic fracturing rules - 06/14/2015
Officials from the state of North Dakota will be in a Wyoming District court on June 23 attempting to obtain a preliminary injunction to prohibit new Bureau of Land Management hydraulic fracturing rules from taking effect. North Dakota entered a lawsuit initiated by the state of Wyoming against BLM....
Dakota Access pipeline gears up for Iowa hearings - 06/14/2015
Even as Energy Transfer Partners makes its way through North Dakota's permitting process for its Dakota Access pipeline, another state is preparing for its hearings on the project.
The Iowa Utilities Board set deadlines on June 8 for filings concerning the controversial Bakken crude oil pipeline cul....
Nuverra named to begin pilot recycling project - 06/14/2015
North Dakota lawmakers passed legislation in the 2015 session supporting a pilot project to recycle drill cuttings with the objective to determine how to regulate the process.
On June 8, Watford City-based Nuverra Environmental Solutions was named a participant in that pilot which is overseen by th....
Triangle sees $100 oil in near future claiming ‘something has to give' - 06/14/2015
Triangle Petroleum ended its first quarter of fiscal year 2016 on April 30 with 69 percent year-over-year production increase due to higher working interests. It raised production guidance to 11,500 to 13,500 barrels of oil equivalent per day, and may consider raising it again as the year progresses....
Hoeven to run for re-election - 06/14/2015
Sen. John Hoeven, R-North Dakota, plans to run for re-election in 2016, a campaign advisor said on June 3.
Hoeven currently serves on the U.S. Senate Appropriations, Energy, Agriculture and Indian Affairs committees and has been a leader in advocating for the Keystone XL Pipeline, and building what.... |
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